5 Best Stocks to Buy Now According to Billionaire Paul Tudor Jones

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1. Cerner Corporation (NASDAQ:CERN)

Tudor Investment Corp’s Stake Value: $102.50 million

Percentage of Tudor Investment Corp’s 13F Portfolio: 2.40%

Number of Hedge Fund Holders: 64

Cerner Corporation (NASDAQ:CERN) was the biggest holding in the first-quarter portfolio of Paul Tudor Jones, who owned 1.09 million shares of the firm valued at $102.5 million. The company is a provider of information technology solutions to the healthcare industry. On June 8, cloud giant Oracle Corporation (NYSE:ORCL) completed its $28.4 billion acquisition of Cerner Corporation (NASDAQ:CERN) at $95 per share.

Out of the 912 hedge funds tracked by Insider Monkey at the close of the first quarter, 64 reported bullish bets on Cerner Corporation (NASDAQ:CERN) shares, up from 61 hedge funds a quarter earlier. The company’s largest shareholder was Millennium Management, with a $517 million stake, which was recently hiked by 124%.

Here is what Cooper Investors, an investment management firm, had to say about Cerner Corporation (NASDAQ:CERN) in its Q1 2021 investor letter:

“The investment in Cerner, made just over a year ago, was based on what we perceived to be a Low-Risk Turnaround opportunity as a refreshed management team sought to increase margins, reduce capex and utilize balance sheet latency with buybacks and acquisitions. Taking account of the tough 2020 for Cerner’s hospital client base the company did a reasonable job executing on these initiatives. However, moving into 2021 more recent observations around intentionality and focus led to a reassessment of the investment proposition, particularly relative to the portfolio’s other technology and software investments.”

You can also take a look at Seth Klarman’s Top 10 Stock Picks and Cathie Wood’s Thoughts on the Future, ARK’s Portfolio and Latest Stock Picks.

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