5 Blue Chip Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates

2. CME Group Inc. (NASDAQ:CME)

Stake Value in Caxton Associates LP’S 13F Portfolio: $12.82 million

Percentage of Caxton Associates LP’S 13F Portfolio: 1.19%

Number of Hedge Funds: 56

CME Group Inc. (NASDAQ:CME) is the biggest financial derivatives exchange in the world. As of the end of Q2 2022, Caxton Associates owned $12.82 million worth of shares, accounting for 1.19% of the fund’s 13F portfolio. As a result, CME Group Inc. (NASDAQ:CME) is ranked #2 in our list of 10 Blue Chip Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates.

Earlier in the month, analyst Gautam Sawant of Credit Suisse maintained a Neutral rating on the shares of CME Group Inc. (NASDAQ:CME) while lowering the firm’s price target from $216 to $210. Recently, the company also announced the launch of options on ether futures.

As per Insider Monkey’s Q2 2022 database, 56 hedge funds owned stakes in CME Group Inc. (NASDAQ:CME). These stakes accounted for a consolidated value of over $2.74 billion. With a position worth over $858.72 million, GuardCap Asset Management held the largest position in the company in Q2.