$5 Billion Hedge Fund Skye Global’s Top 5 Stock Picks

In this article, we will be taking a look at the $5 billion hedge fund Skye Global’s top 5 stock picks. To read our detailed analysis of the hedge fund Skye Global, you can go directly to see the $5 Billion Hedge Fund Skye Global’s Top 15 Stock Picks.

5. S&P Global Inc. (NYSE:SPGI)

Skye Global Management’s Equity Stake: $137.39 million
Year-to-date gain: 26%
Number of Hedge Fund Investors in Q3 2023: 78

S&P Global Inc. (NYSE:SPGI) is a financial services company that provides credit ratings benchmarks analytics and workflow solutions. 

Skye Global Management has been buying and selling shares in S&P Global Inc. (NYSE:SPGI) since 2018 and held stakes worth $137.39 million in Q3 2023, accounting for 3.98% of the portfolio. The stock is up by about 26% for the year, outperforming the S&P 500. S&P Global Inc. (NYSE:SPGI) also comes with a 0.85% dividend yield.

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4. Union Pacific Corporation (NYSE:UNP)

Skye Global Management’s Equity Stake: $161.27 million
Year-to-date gain: 11%
Number of Hedge Fund Investors in Q3 2023: 90

Union Pacific Corporation (NYSEUNP) is another industrial investment play in Skye Global Management’s portfolio operating in the railroad business in the US. Union Pacific Corporation (NYSEUNP) offers transportation services for grain and grain products. It also transports fertilizers, food, refrigerated products, coal, and renewables.

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3. Canadian Pacific Kansas City Limited (NYSE:CP)

Skye Global Management’s Equity Stake: $161.77 million
Year-to-date gain: 1%
Number of Hedge Fund Investors in Q3 2023: 52

Headquartered in Calgary, Canada, Canadian Pacific Kansas City Limited (NYSE:CP) owns and operates a transcontinental freight railway in Canada and the US. 

By the end of the third quarter in 2023, 52 hedge funds in the Insider Monkey database owned shares in Canadian Pacific Kansas City Limited (NYSE:CP), mirroring the identical count of funds in the previous quarter.

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2. Microsoft Corp (NASDAQ:MSFT)

Skye Global Management’s Equity Stake: $646.02 million

Year-to-date gain: 53%

Number of Hedge Fund Investors in Q3 2023: 306

Microsoft Corp (NASDAQ:MSFT) is Jamie Sterne’s top stock holding in the technology sector, offering exposure to the development and sale of key software solutions. 

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Skye Global Management’s Equity Stake: $1.66 Billion
Year-to-date gain: 72%
Number of Hedge Fund Investors in Q3 2023: 286

Amazon.com, Inc. (NASDAQ:AMZN) is Skye Global Management’s top stock pick, offering exposure in the consumer cyclical space as an online retailer that connects merchants with consumers. 

Skye Global Management has been buying and selling shares in Amazon.com, Inc. (NASDAQ:AMZN) since 2017. In Q3 2023, the hedge fund held stakes worth $1.65 billion accounting for 48.06% of the portfolio

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