5 Best Stocks to Buy According to Billionaire Kerr Neilson

2. Micron Technology, Inc. (NASDAQ:MU)

Platinum Asset Management’s Stake Value: $296 million

Percentage of Platinum Asset Management’s 13F Portfolio: 6.87%

Number of Hedge Fund Holders:87

Micron Technology, Inc. (NASDAQ:MU) is the second-largest stock holding of Platinum Investment Management. Following a stunning rally during the pandemic year, Micron shares underperformed this year due to short-term headwinds.

Although the number of bullish hedge fund positions was cut by 13 in recent months, Micron Technology is still ranked 30th among the 30 most popular stocks among hedge funds (click for Q2 rankings).