Billionaire David Shaw’s Quant Models Love These 5 Stocks

In this article, we discuss billionaire David Shaw’s quant models that love these 5 stocks. You can read our detailed analysis of David Shaw’s quant models and go directly to read Billionaire David Shaw’s Quant Models Love These 15 Stocks.

5. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 225
D.E Shaw’s Stake Value: $903.15 Million
Percent of Portfolio: 0.92%

Meta Platforms, Inc. (NASDAQ:META) is a company that makes products for people to connect and share online. It makes money from ads on its apps, like Facebook and Instagram.

Meta Platforms, Inc. (NASDAQ:META) has turned out to be one of billionaire David Shaw’s top quant stock picks, going by the 150% plus gain year to date. The rally came on the company embarking on a restructuring drive that involved shelving plans in low-growth areas, trimming the workforce, and focusing on high-growth areas. In return, Meta Platforms, Inc. (NASDAQ:META) has benefited from increased spending on advertising, with its sentiments receiving a boost and an increased focus on artificial intelligence instead of the metaverse.

Insider Monkey analyzed the shareholdings of 910 hedge funds for the June quarter of 2023 and found that 225 of them had invested in Meta Platforms, Inc. (NASDAQ:META). The company had Tiger Global Management LLC as its top investor in our database. The firm, which is run by Chase Coleman and Feroz Dewan, had 8.57 million shares of Meta, valued at $2.46 billion.

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4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 79
D.E Shaw’s Stake Value: $1.23 Billion
Percent of Portfolio: 1.26%

Headquartered in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) designs, develops and manufactures electric vehicles, energy generation and storage systems. It has always been one of Shaw’s top quant investing stocks owing to its edge in the electric vehicle space.

Tesla, Inc. (NASDAQ:TSLA) is benefiting from its first mover advantage as the pioneer of electric cars. The stock is already up by more than 90% for the year, having emerged as the go-to stock for gaining exposure to EVs amid the transition from gasoline cars.

By the end of the second quarter of 2023, Tesla, Inc. (NASDAQ:TSLA) had attracted the interest of many hedge funds Insider Monkey monitored. The company, a pioneer in electric vehicles and clean energy solutions, had 79 hedge funds in their database that owned stakes. The most prominent stakeholder was ARK Investment Management, a firm that focuses on disruptive innovation and is led by Catherine D. Wood. The firm had 4.8 million shares of Tesla, worth $1.27 billion.

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3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135
D.E Shaw’s Stake Value: $1.72 Billion
Percent of Portfolio: 1.76%

Apple Inc. (NASDAQ:AAPL) remains one of billionaire David Shaw’s top quant stock picks owing to its reputation in the design, manufacture, and sale of smartphones, personal computers, tablets, wearable’s and other accessories. The company is also big on services through the App Store cloud services.

With a market capitalization of over $2 trillion, Apple Inc. (NASDAQ:AAPL) boasts of a loyal and growing customer base with over $2 billion in active devices and more than $100 billion in free cash flow.

Apple Inc. (NASDAQ:AAPL) returns value to shareholders through buybacks and boasts a 0.56% dividend yield. Likewise, it has outperformed the overall market by a 38% year-to-date gain compared to a 15% gain from the S&P 500.

Apple Inc. (NASDAQ:AAPL) had Warren Buffett’s Berkshire Hathaway as its top stakeholder in Q2 2023. The company, a global leader in consumer electronics and software, also had 135 hedge funds in Insider Monkey’s database that held investments in it. The total value of these stakes was over $194 billion.

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2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 175
D.E Shaw’s Stake Value: $1.82 Billion
Percent of Portfolio: 1.85%

NVIDIA Corporation (NASDAQ:NVDA) remains one of Shaw’s top quantitative investing stocks owing to the 200% plus rally, year to date. The stock has affirmed the billionaire investors bet on the technology sector as it has become the poster child of the semiconductor industry.

NVIDIA Corporation (NASDAQ:NVDA) has emerged as a critical player in the AI race owing to solid demand for its graphics processing unit, which supports and powers the technology. The company delivered a 100% increase in revenue to $13.5 billion in the second quarter, attributed to strong demand for its chips amid increased AI chips. Likewise, Shaw has benefited from the 200% rally, having bolstered stakes in the company from $360 million in the first quarter to over $1.8 billion.

By the end of Q2 2023, NVIDIA Corporation (NASDAQ:NVDA) had attracted the interest of many hedge funds that Insider Monkey monitored. Out of the 910 hedge funds in their database, 175 of them had stakes in the company. This shows that NVIDIA Corporation (NASDAQ:NVDA) is a highly valued and sought-after stock among hedge fund investors.

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1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 300
D.E Shaw’s Stake Value: $2.15 Billion
Percent of Portfolio: 2.19%

Microsoft Corporation (NASDAQ:MSFT) is a software juggernaut that develops and supports software services and solutions worldwide. Headquartered in Redmond, Washington, it is best known for offering a suite for applications used in work environments, including Microsoft Teams, office 365 Security and Compliance, Microsoft Viva, and Microsoft 365 co-pilot. The company also has a huge presence in cloud computing through Azure and gaming through the Xbox console.

Microsoft Corporation (NASDAQ:MSFT) has emerged as one of billionaire David Shaw’s top stock picks on generating significant returns over the years. The stock is already up by more than 40% for the year as it benefits from the artificial intelligence boom. Starting late last year, the company has invested close to $13 billion in OpenAI to strengthen its exposure to the revolutionary technology.

At the end of the second quarter of 2023, Microsoft Corporation (NASDAQ:MSFT) was the most popular stock among hedge funds, according to Insider Monkey’s database. 300 hedge funds held stakes in the company, worth about $70 billion.

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