Billionaire Bruce Kovner’s Trading Strategy and Top 5 Picks

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1. SPDR Gold Shares (NYSE: GLD)

Number of Hedge Fund Holders: 62

Bruce Kovner’s Caxton Associates held a huge position SPDR Gold Shares (NYSE: GLD) at the end of 2020. The firm held 2.5 million shares of GLD at the end of December, accounting for 31.15% of the overall portfolio. The hedge fund first initiated a position in GLD at the beginning of last year. SPDR Gold Trust ETF price fell 6.17% since the beginning of this year. The gold price has been under pressure this year due to investors’ shift towards risky assets. SPDR Gold Trust is an exchange-traded fund launched and managed by World Gold Trust Services.

You can also take a peek at 10 Best Travel Stocks to Buy Right Now and 10 Best Vegan Stocks to Buy Now.

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