In this article, we discuss the 5 best stocks to buy according to billionaire Paul Tudor Jones. If you want to read our detailed analysis of Jones’ history and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
5. Airbnb, Inc. (NASDAQ:ABNB)
Value: $55.13 million
Shares: 293,351
Percentage of 13F Portfolio: 1.1%
Next in line is Airbnb, Inc. (NASDAQ:ABNB), in which Jones disclosed a new position as of the end of 2020 (the company went public in December), but reduced it by 18% to 293,300 shares in the following three months.
For the first quarter of 2021, Airbnb, Inc. (NASDAQ:ABNB) reported a non-GAAP net loss of $1.95 per share versus estimates of a loss of $1.16 and revenue of $886.94 million. The company’s revenue declined by 29.7% on the year and it registered a gross profit margin of 75.09%.
At the end of the first quarter of 2021, 52 hedge funds from our database held stakes in Airbnb, Inc. (NASDAQ:ABNB). The total value of these positions amounted to approximately $2.42 billion. Comparatively, there were 68 funds with roughly $1.61 billion worth of Airbnb, Inc. (NASDAQ:ABNB) shares at the end of 2020
4. Liberty Broadband Corporation (NASDAQ:LBRDK)
Value: $68.94 million
Shares: 459,112
Percentage of 13F Portfolio: 1.38%
Next in line in our list of best stocks to buy according to billionaire Paul Tudor Jones is Liberty Broadband Corporation (NASDAQ:LBRDK), a cable operator and provider of video, Internet, and voice services in the United States. The company operates through two segments, namely Skyhook and Charter.
Liberty Broadband Corporation (NASDAQ:LBRDK), in their first-quarter report reported revenue of $246.53 million, which missed the consensus estimate by around $8.47 million. At the same time, the company’s GAAP EPS of $0.27 was $0.71 lower than expected.
There were 23 hedge funds in our database with long positions in Liberty Broadband Corporation (NASDAQ:LBRDK) at the end of March, down from 26 funds a quarter earlier. The total value of these funds’ holdings also declined to $774 million from $908 million during the first three months of 2021.
Alphyn Capital Management, an investment management firm, mentioned Broadband Corporation (NASDAQ:LBRDA) in their first quarter 2021 investor letter:
“Liberty Broadband completed its merger with GCI, thereby collapsing one layer of the double discount to Charter Communications, presenting a good opportunity to trim that position as well.”
3. Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN)
Value: $80.70 million
Shares: 527,741
Percentage of 13F Portfolio: 1.61%
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) is a developer of therapeutic products and it ranks 3rd on our list of the best stocks to buy according to billionaire Paul Tudor Jones. The company has a collaboration and license agreement with Halozyme Therapeutics, Inc. as well.
In May, 2o21, Alexion Pharmaceuticals, Inc.’s (NASDAQ:ALXN) shareholders voted to have the company be acquired by AstraZeneca, a deal that is expected to be completed by the third quarter of this year. As for the company’s first-quarter report, its non-GAAP EPS of $3.52 beat the $3.14 estimate in Q1, and its revenue stood at $1.64 billion. The revenue represents an 18.24% growth year over year, and it also announced a gross profit margin of 90.94%. Alexion Pharmaceuticals, Inc.’s (NASDAQ: ALXN) gained 14.32% in the past 6 months and 15.14% year to date.
By the end of the first quarter of 2021, there were 77 hedge funds tracked by Insider Monkey, that held stakes in Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) with a total value of $6.92 billion. Comparatively, in the previous quarter, there were 77 hedge funds with stakes in the company worth roughly $6.02 billion.
Here’s what ClearBridge Investments said about Alexion Pharmaceuticals, Inc.’s (NASDAQ: ALXN) in its first-quarter 2021 investor letter:
“We also sold biotechnology holding Alexion Pharmaceuticals ahead of its acquisition by AstraZeneca but expect to redouble our efforts in health care through the rest of the year. We see good growth potential in the sector and after full due diligence, have been busy populating our wish list with new names we would like to own.”
2. Materials Select Sector SPDR Fund (NYSEARCA:XLB)
Value: $166.77 million
Shares: 1.69 million
Percentage of 13F Portfolio: 3.34%
Materials Select Sector SPDR Fund (NYSE:XLB) is an exchange-traded fund managed by SSGA Funds Management, Inc. The fund focuses on the public equity markets in the US and invests in growth and value stocks. It ranks 2nd on our list of the best stocks to buy according to billionaire Paul Tudor Jones.
Materials Select Sector SPDR Fund (NYSE:XLB) had 47.83% in price returns over the past year, versus the S&P 500’s 35.17%, and 50.72% in total returns versus the S&P 500’s 10.4%. As of this year, the exchange-traded fund has $9.85 billion in assets under management, and it has gained 16.76% in the past 6 months plus 17.07% year to date.
As of the end of March, 16 funds tracked by Insider Monkey are bullish on Materials Select Sector SPDR Fund (NYSE:XLB), holding in aggregate $169 million worth of shares.
1. SPDR S&P 500 ETF Trust (NYSEARCA:SPY)
Value: $309.74 million
Shares: 781,515
Percentage of 13F Portfolio: 6.21%
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is an exchange-traded fund that invests in public equity markets in the US. The fund tracks the S&P 500 Index’s performance through a replication technique. It ranks 1st on our list of the best stocks to buy according to billionaire Paul Tudor Jones.
Unsurprisingly, SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is the most popular ETF among hedge funds with 73 funds from our database having disclosed long positions valued at $3.6 billion in the latest round of 13F filings, versus 73 funds and $7.61 billion worth of stock respectively a quarter earlier.
You can also take a peek at the 10 Best Stocks to Invest in 2021 For Long-Term Profits and 10 Best Stocks To Buy According To Billionaire Larry Robbins.
