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Sneak Peek: 5 Stocks Hedge Funds Love This Fall

TE Connectivity

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Another strong performer this year has been TE Connectivity (TEL). Despite being in the middle of a restructuring effort, TEL has still managed to double the broad market's run year-to-date. And hedge funds have been picking up shares as a result; in the last quarter, the early 13F filers increased their stakes in TE Connectivity from just $6 million to $46 million.

>>4 Hot Stocks to Trade (or Not)

TE Connectivity's core business is making electrical connectors. While that may frankly sound a bit boring, there's no reason why boring companies can't provide investors with very exciting stocks. The ubiquity of electronic connectors in so many applications provides a very attractive market for TEL's products, especially as industrial production continues to recover from the lows watermarks of 2008. TEL's restructuring efforts have been a case of short-term pain in exchange for long-term gain; now this stock is starting to see truly improved operational figures.

TEL has done a stellar job of paying down debt and building up its cash position. Today, the firm sports more than $1.2 billion in cash that offsets relatively small leverage for an industrial manufacturing firm. TE Connectivity's cash generation capabilities should continue to reward investors in the last quarter of the year.

Stock quotes in this article: ACE, BIDU, GM, TEL, TXN 

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