Billionaire David Harding is Buying These 5 Finance Stocks

1. CME Group Inc. (NASDAQ:CME)

Winton Capital Management’s Stake Value: $16,418,000

Percentage of Winton Capital Management’s 13F Portfolio: 0.99%

Number of Hedge Fund Holders: 55

CME Group Inc. (NASDAQ:CME) is headquartered in Chicago, Illinois, operating as a global financial derivatives exchange. CME Group Inc. (NASDAQ:CME) allows investors exposure to agricultural commodities, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures.

13F filings for Q4 2021 reveal that David Harding’s Winton Capital Management held 71,862 shares of CME Group Inc. (NASDAQ:CME), worth $16.4 million, accounting for 0.99% of the fund’s total portfolio. 

On April 13, Citi analyst Ben Herbert maintained a Buy recommendation on CME Group Inc. (NASDAQ:CME) but lowered the firm’s price target on the shares to $275 from $280. The analyst reduced multiples on the U.S. exchanges to account for higher geopolitical and macro uncertainty ahead of the Q1 results.

Insider Monkey’s fourth quarter database suggests that 55 funds held bullish positions in CME Group Inc. (NASDAQ:CME) at the end of December 2021, compared to 64 funds in the earlier quarter. GuardCap Asset Management owned the largest stake in the company, with over 4 million shares worth $927.6 million. 

Here is what ClearBridge Investments Select Strategy has to say about CME Group Inc. (NASDAQ:CME) in its Q4 2021 investor letter:

“CME Group, for example, maintains a dominant franchise in electronic commodities and options trading with high incremental margins. Its interest rate trading business had been depressed coming out of the recession, but with a tightening policy environment, it now provides upside optionality that augments robust free cash flow growth and capital return. Willscot Mobile Mini is another compounder that executed well through the pandemic but was not initially recognized for the synergies of its Mobile Mini acquisition. The deal has reduced costs and created greater operating leverage as the company rides the tailwinds of improving industrial production and construction.”

You can also take a look at 10 Software Stocks to Buy Now According to Jim Davidson’s Silver Lake Partners and 10 Consumer Technology Stocks to Invest In According to Ken Fisher’s Fisher Asset Management. 

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