Below is the list of the 5 best stocks to buy according to billionaire Kerr Neilson. For a comprehensive list and detailed analysis of Kerr Neilson’s investment philosophy, past performance, and portfolio management, please see 10 Best Stocks to Buy According to Billionaire Kerr Neilson.
5. Ally Financial Inc. (NASDAQ:ALLY)
Platinum Asset Management’s Stake Value: $202million
Percentage of Platinum Asset Management’s 13F Portfolio: 4.68%
Number of Hedge Fund Holders:54
Billionaire Kerr Neilson’s hedge fund has been holding a position in Ally Financial since the third quarter of 2017. Recently, Moody’s Investors Service highlighted their confidence in Ally Financial’s outlook amid improving capital liquidity position and growing net income to tangible assets.
4. Trip.com Group Limited (NASDAQ:TCOM)
Platinum Asset Management’s Stake Value: $272
Percentage of Platinum Asset Management’s 13F Portfolio: 6.29%
Number of Hedge Fund Holders:41
A travel service provider, Trip.com Group Limited (NASDAQ:TCOM) is the fourth largest stock holding of billionaire Kerr Neilson’s portfolio, according to the latest filings. Trip.com stock price has been struggling to generate positive share price returns for investors since the beginning of this year amid travel-related restrictions. On a positive side, coronavirus vaccine rollout has helped its domestic revenue to cross pre-COVID levels, with bookings up at a double-digit rate compared to 2019.
3. Microchip Technology Incorporated (NASDAQ:MCHP)
Platinum Asset Management’s Stake Value: $279million
Percentage of Platinum Asset Management’s 13F Portfolio: 6.57%
Number of Hedge Fund Holders:50
Microchip Technology Incorporated (NASDAQ:MCHP) is the long-running stock holding of billionaire Kerr Neilson’s Platinum Asset Management. The firm first initiated a position in the semiconductor company at the end of 2017.
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).
1. ZTO Express (Cayman) Inc. (NYSE:ZTO)
Platinum Asset Management’s Stake Value: $512 million
Percentage of Platinum Asset Management’s 13F Portfolio: 11.86%
Number of Hedge Fund Holders:21
Platinum Asset Management appears bullish over the future fundamentals of China-based industrial company ZTO Express (Cayman) Inc. (NYSE:ZTO). The firm lifted its existing position in ZTO by 41% during the second quarter.
Serenity Capital and Millennium Management also significantly increased their existing positions in the company. Overall, ZTO was in 21 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 15 positions in the prior quarter.
You can also take a look at 10 Tech Stocks to Invest in Today According to Thomas E. Claugus’ GMT Capital and Girish Kumar’s TenCore Partners is Investing in These 10 Technology Stocks.
