Amazon (AMZN), Charter Communications (CHTR) And 3 Other Hot Stocks That Billionaire Ken Griffin Is Bullish On

Turnaround Nearly Complete

Ken Griffin and his team also decided to step up their interest in Boston Scientific Corporation (NYSE:BSX) during the second quarter, as Citadel hiked its position in the stock by 1,574% to 14.7 million shares worth some $343 million. Plagued by what is considered one of the worst mergers in history, Boston Scientific Corporation (NYSE:BSX) is seeing the light at the end of the tunnel, as it is getting closer to settling all of the law suits against Guidant, a company it bought in 2006 for $27 billion. So far this year, the stock has been on a solid uptrend, advancing by 28%. For the second quarter, Boston Scientific posted $2.13 billion in revenue, up by 15% year-over-year, and adjusted earnings of $0.27 per share, which were in-line with analysts’ consensus estimate. Boston Scientific Corporation (NYSE:BSX) registered a boost in popularity among the funds in our database in the second quarter, as the number of funds holding a stake in the company increased to 47 by the end of June, from 35 at the end of March. Jim Simons‘ Renaissance Technologies also upped its bet on Boston Scientific, having amassed 4.9 million shares by the end of June, a position valued at $114.5 million.

Hedge Funds Just Love Amazon

Online e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) was also on Citadel’s shopping list, as the fund’s management team increased their bet on the stock by 600% to 537,717 shares valued at $385 million during the second quarter. At the end of that quarter, Amazon.com, Inc. (NASDAQ:AMZN) was the third-most popular stock among the funds tracked by Insider Monkey, being found in the equity portfolios of 145 of those funds, up from 133 registered as of the end of the first quarter. Billionaire Ken Fisher chose to lock in some profits from his bet on Amazon, having reduced his fund’s holding by 21% to 1.98 million shares worth $1.49 billion. Amazon.com, Inc. (NASDAQ:AMZN) continues to reach record highs, making it one of the most valuable companies in the world. The company’s cloud business is a key driver behind the recent performance, as Amazon’s Web Services grew by 58% in the latest quarter, generating $2.89 billion in revenue for the company. Amazon has also been investing heavily in its Prime membership services, offering free access to a wide range of media content. Why are they doing that? Well, because Prime members tend to spend twice as much on stuff sold by Amazon as non-Prime members do.

Very Optimistic About FIS

Sitting pretty on top is Fidelity National Information Services Inc (NYSE:FIS), one of the world’s top financial technology companies. Ken Griffin and his aides made a notable bullish move on the stock during the second quarter, boosting their investment in it by 4,470% to 5.25 million shares valued at $387 million at the end of June. Fidelity National Information Services Inc (NYSE:FIS) has a market cap of $25 billion and pays an annual dividend of $1.04 per share, providing investors with a 1.36% annual yield. At the end of June, the company reported second quarter results of adjusted earnings of $0.90 per share on the back of $2.31 billion in revenue. Analysts, on the other hand, had projected $2.33 billion in revenue and earnings of $0.87 per share. The stock got a boost from the news that Fidelity National upped its fiscal year 2016 profit guidance to a range of $3.75-to-$3.85 per share, from prior estimates of $3.70-to-$3.80, while analysts had predicted $3.80. At the end of the second quarter, roughly 13% of Fidelity National Information Services Inc (NYSE:FIS)’s common stock was held by 47 of the funds tracked by Insider Monkey, down from 49 recorded a quarter before. William Von Mueffling’s Cantillon Capital Management held the largest stake in the company among those funds, having indicated ownership of 7.54 million shares of it in the fund’s latest 13F filing.

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