5 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer

2. Materials Select Sector SPDR Fund (NYSE: XLB)

Value: $189,500,000
Percent of Paul Singer’s 13F Portfolio: 1.84%
No. of Hedge Fund Holders: 16

Paul Singer increased his exposure to the materials sector by piling into Materials Select Sector SPDR Fund. The ETF includes companies from various subsectors like chemicals, metals, mining, paper, construction, plastics and more. Some notable holdings of the fund include Linde PLC, Air Products & Chemicals, Sherwin-Williams Co., Ecolab Inc. and Freeport-McMoRan Inc.

Two Sigma Advisors currently holds 4.1 million shares of XLB that amounts $257.6 million. XLB occupies 0.68% of Two Sigma’s total portfolio.