In this piece, we will take a look at the five best stocks to buy according to billionaire Paul Tudor Jones. For more stocks, head on over to 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
5. Chevron Corporation (NYSE:CVX)
Tudor Investment’s Q1 2023 Investment: $33.52 million
Chevron Corporation (NYSE:CVX) is one of the largest oil companies in the world. It was set up in 1879 and is headquartered in San Ramon, California. The firm is involved in every stage of the oil production chain, from exploring properties to extracting crude oil and selling the products at the pump.
After looking through 943 hedge fund holdings for the fourth quarter of 2022, Insider Monkey discovered that 57 had held a stake in the company. Chevron Corporation (NYSE:CVX)’s largest investor in Q1 2023 was Warren Buffett’s Berkshire Hathaway with a $21 billion stake.
[company-follow-email-id=193410][/company-follow-email]
4. CVS Health Corporation (NYSE:CVS)
Tudor Investment’s Q1 2023 Investment: $34 million
CVS Health Corporation (NYSE:CVS) is a healthcare retailer that is headquartered in Woonsocket, Rhode Island. It operates a chain of pharmacies that sell over the counter and prescription medicines. Apart from pharmacy products, it also provides insurance products to a variety of different customers.
70 of the 943 hedge funds part of Insider Monkey’s Q4 2022 survey had bought CVS Health Corporation (NYSE:CVS)’s shares. The firm’s largest hedge fund investor is John Overdeck and David Siegel’s Two Sigma Advisors since it owns 5.4 million shares that are worth $406 million.
[company-follow-email-id=64803][/company-follow-email]
3. Phillips 66 (NYSE:PSX)
Tudor Investment’s Q1 2023 Investment: $34.59 million
Phillips 66 (NYSE:PSX) is an oil and gas midstream firm that operates oil transportation and storage products. It also has a chemicals production department and the firm also operates oil refineries. It was set up in 1875 and is headquartered in Houston Texas.
As of last year’s fourth quarter, 36 of the 943 hedge funds part of Insider Monkey’s database had invested in the oil and chemicals company. During this year’s first quarter, Phillips 66 (NYSE:PSX)’s largest shareholder was Jim Simons’ Renaissance Technologies since it owned 1.1 million shares that are worth $113 million.
[company-follow-email-id=1534701][/company-follow-email]
2. Colgate-Palmolive Company (NYSE:CL)
Tudor Investment’s Q1 2023 Investment: $34.64 million
Colgate-Palmolive Company (NYSE:CL) is a consumer defensive firm that is one of the largest of its kind. Headquartered in New York, New York, it makes and sells a variety of products such as toothpaste, toothbrushes, antiperspirants, deodorants, and other products.
61 of the 943 hedge funds part of Insider Monkey’s database had held a stake in the company as of December 2022. Colgate-Palmolive Company (NYSE:CL)’s largest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management with an $833 million stake.
[company-follow-email-id=21665][/company-follow-email]
1. Horizon Therapeutics Public Limited Company (NASDAQ:HZNP)
Tudor Investment’s Q1 2023 Investment: $117 million
Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) makes and sells drugs for immune system disorders and inflammatory diseases.
Insider Monkey’s fourth quarter survey of 943 hedge funds revealed that 75 had bought Horizon Therapeutics Public Limited Company (NASDAQ:HZNP)’s shares. The firm’s largest shareholder as of March 2023 is Kurt Von Emster’s VenBio Select Advisor since it has a $763 million investment.
[company-follow-email-id=1492426][/company-follow-email]
Disclosure: None. You can also take a look at 30 Cities With the Best Healthcare in the World and 12 Best Information Technology Services Stocks to Buy.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below
