Billionaire Chris Hohn’s Top 9 Stock Picks

2. Moody’s Corporation (NYSE:MCO)

Number of Hedge Fund Holders: 67

TCI Fund Management’s Stake: $6.2 billion

Moody’s Corporation (NYSE:MCO) operates as an integrated risk assessment firm worldwide. There are multiple compelling aspects that make Moody’s Corp a rewarding investment potential. First of all, the company showed incredible financial performance, as depicted in the third report of 2024. For instance, reported revenue was $1.81 billion, showing a 23% increase from the same period in 2023, driven by strong performances across both divisions. Additionally, the adjusted net income was $585 million, indicating efficient operations and business growth. Secondly, the company has announced a new strategic partnership agreement with MSCI to leverage each other’s strengths to bring greater transparency on ESG and sustainability to markets and power better decisions. Moody’s will leverage MSCI’s sustainability data and models, which are used by the world’s largest asset managers and asset owners. With access to MSCI data, Moody’s intends over time to migrate its existing ESG data and scores to offering MSCI’s sustainability content through a range of solutions serving Moody’s customers in the banking, insurance and corporate sectors.