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

1. Pfizer Inc. (NYSE:PFE)

Stake Value in Caxton Associates LP’S 13F Portfolio: $151.38 million

Percentage of Caxton Associates LP’S 13F Portfolio: 14.7%

Number of Hedge Funds: 70

Pfizer Inc. (NYSE:PFE) is a multinational pharmaceutical company that has been one of the leaders in terms of making vaccines for COVID-19. During Q2 2022, Caxton Associates LP decreased its stake in the company by 1% to $151.38 million, which represented 14.7% of its 13F portfolio. Despite the decrease, Pfizer Inc. (NYSE:PFE) is ranked#1 in our list of 5 and 10 Blue Chip Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates.

Recently Pfizer and BioNTech received a positive CHMP opinion for their bivalent COVID-19 vaccine, which could increase demand if approved.

As per Insider Monkey’s Q2 2022 database, 70 hedge funds owned stakes in Pfizer Inc. (NYSE:PFE). These stakes held a consolidated value of over $2.80 billion. With a position worth $533.91 million, AQR Capital Management was the largest hedge fund holder in the company in Q2.

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire Bill Gates and Billionaire Dan Loeb’s Top 10 Stock Picks.

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