In this article we discuss the 5 best stocks to buy according to billionaire Jeffrey Talpins. If you want to read our detailed analysis of Talpin‘s history and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Jeffrey Talpins.
5. Gores Holdings V, Inc. (NASDAQ: GRSV)
Talpins’ Stake Value: $22,067,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.05%
Number of Hedge Fund Holders: 37
Ranked 5th on the list of the 10 best stocks to buy according to billionaire Jeffrey Talpins is Gores Holdings V, Inc. (NASDAQ: GRSV), which has around 91 institutions holding its shares according to Yahoo Finance and operates as a blank check company. The company entered into an agreement with Ardagh Group S.A in February of this year. Ardagh Group S.A is a global supplier of recyclable metal beverage and glass packaging for some of the leading brands globally. Gores Holdings V, Inc. (NASDAQ: GRSV) claimed to enter into this agreement to join Ardagh’s metal packaging business to be held by Ardagh Metal Packaging, through which Ardagh would retain approximately 80% stake in AMP while receiving $3.4 billion in the transactions.
4. Vipshop Holdings Limited (NYSE: VIPS)
Talpins’ Stake Value: $22,395,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.12%
Number of Hedge Fund Holders: 54
Ranked 4th on the list of the 10 best stocks to buy according to billionaire Jeffrey Talpins is Vipshop Holdings Limited (NYSE: VIPS). Element Capital Management has 750,000 shares worth $22.4 million in the company. The company’s reported first-quarter earnings were better than expected this year, with revenue in line. However, its sales guidance was light, and the stock fell recently. Vipshop Holdings Limited (NYSE: VIPS) reported adjusted earnings of 37 cents per share on revenue of $4.33 billion so far this year.
The company is also getting the attention of the smart money, as 54 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the first quarter, up from 27 funds a quarter earlier.
3. Baidu, Inc. (NASDAQ: BIDU)
Talpins’ Stake Value: $35,069,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 8.03%
Number of Hedge Fund Holders: 89
Ranking 3rd on the list of the 10 best stocks to buy according to billionaire Jeffrey Talpins is Baidu, Inc. (NASDAQ: BIDU). This Chinese internet search giant’s shares perplexingly fell in 2018 and 2019, but in 2020, they suddenly began to rise. Between late November 2020 and mid-February of this year, Baidu, Inc. (NASDAQ: BIDU) shot up by 150%, in a burst of unprecedented growth for a mature company. Talpins owns 161,199 shares in the company, worth nearly $35.1 million. BIDU closed at $339.91 on February 19th this year and fell soon after, with shares beginning to be traded at values as low as $190. That was down over 40% from February. This recent fall may be interpreted as either an opportunity to rake in shares in the company while you can or to stay far away from it. But its track record might suggest that now is the time to buy shares in the company while they’re cheap, to profit in the long run.
2. Tencent Music Entertainment Group (NYSE: TME)
Talpins’ Stake Value: $46,517,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 10.65%
Number of Hedge Fund Holders: 63
Tencent Music Entertainment Group (NYSE: TME) is a company that is dominating the music streaming industry in China, being the most popular online music entertainment company in the country. With over 2.2 million shares in the company worth $46.5 million, Element Capital Management is a major investor in TME. It is ranked 2nd on the list of the best stocks to buy, according to billionaire Jeffrey Talpin as a result. While Tencent Music Entertainment Group (NYSE: TME) has outperformed streaming services such as Spotify Technology S.A. (NYSE: SPOT), in terms of profitability, its stock dropped in March after Archegos Capital Management failed to respond to a margin call on its stock portfolio. Resultantly, there was a forced liquidation of its entire holding, including a stake in Tencent Music Entertainment Group (NYSE: TME). However, from Talpins’ investment record in the company and its total revenue of $1.19 billion in the first quarter of this year, one can conclude that it is a profitable stock to buy.
D E Shaw currently holds 17.1 million shares of TME that amounts to $350.9 million. TME occupies 0.33% of D E Shaw’s total portfolio.
1. ViacomCBS Inc. (NASDAQ: VIAC)
Talpins’ Stake Value: $50,738,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 11.61%
Number of Hedge Fund Holders: 89
ViacomCBS Inc. (NASDAQ: VIAC) is a New York-based mass media company with a current market capitalization of $27.5 billion. With a focus on creating premium content and experiences for its audience all over the globe, the company also provides cable networks, content production and distribution, television stations, and digital streaming services.
Additionally, ViacomCBS Inc. (NASDAQ: VIAC) also works on other internet-based businesses and on consumer publishing. In the first quarter of 2021, the company reportedly had an income growth of around 69.4% on revenue growth of 14% year-over-year. The revenue from streaming advertising and subscription rose unprecedentedly. Element Capital Management has over 1.1 million shares in the company, valued at $50.74 million. It is currently ranked 1st on the list of the 10 best stocks to buy, according to billionaire Jeffrey Talpins.
Millennium Management currently owns 5.75 million shares of VIAC, worth $259.2 million. VIAC occupies 0.18% of Millennium Management’s overall equity.
You can also take a peek at 10 Best Passive Income Stocks in 2021 and Top 25 Free Games Without Wifi or Internet.
