Billionaire Jeff Vinik’s Stock Picks and 10-Year Performance: Top 5 Stock Picks

In this piece, we will take a look at billionaire Jeff Vinik’s top five stock picks and 10-year performance. If you want to take a look at his history and trading past, head on over to Billionaire Jeff Vinik’s Stock Picks and 10-Year Performance: Top 10 Stock Picks.

5. Westlake Corporation (NYSE:WLK)

10 Year Gains: 199%

Westlake Corporation (NYSE:WLK) is a chemicals company that makes and sells petrochemicals and other products such as pipes and fittings. The firm’s shares are up 34% year to date so far and have gained almost 200% since 2013 when Vinik Asset Management owned 636,835 shares worth $59 million back then.

Insider Monkey dug through 943 hedge funds for their March quarter of 2023 investments and discovered that 28 had bought and owned Westlake Corporation (NYSE:WLK)’s shares. Out of these, the largest investor is William B. Gray’s Orbis Investment Management with a $239 million stake.

4. Best Buy Co., Inc. (NYSE:BBY)

10 Year Gains: 252%

Best Buy Co., Inc. (NYSE:BBY) is an American retailer best known for selling electronics, games, and other associated products. The firm has operations in the U.S., Canada, and Mexico. It was Vinik Asset Management’s fourth biggest investment in 2013 with the firm owning a $86 million stake in the firm.

As of Q1 2023 end, 40 of the 943 hedge funds part of Insider Monkey’s database had invested in the firm. Best Buy Co., Inc. (NYSE:BBY)’s largest shareholder is Cliff Asness’ AQR Capital Management through a $109 million investment.

3. Marriott International, Inc. (NASDAQ:MAR)

10 Year Gains: 351%

Marriott International, Inc. (NASDAQ:MAR) is one of the biggest hospitality companies in the world. It operates a variety of properties such as hotels and apartments. Mr. Vinik’s hedge fund owned 1.3 million shares of the firm in 2013, which are significantly up in value since then.

Marriott International, Inc. (NASDAQ:MAR)’s largest hedge fund investor in our database is Boykin Curry’s Eagle Capital Management with a $636 million investment. Along with the fund, 43 other hedge funds have also invested in the company as of March 2023.

2. eBay Inc. (NASDAQ:EBAY)

10 Year Gains: 384%

eBay Inc. (NASDAQ:EBAY) is one of the oldest electronic commerce retailers in the world. It allows both regular people and others to sell products online. The stock is up by 384% since 2013 and 15.2% year to date in 2023 as of end July. The shares are rated Buy on average and have an upside of $4.

Insider Monkey’s first quarter of 2023 survey covering 943 hedge funds revealed that 44 had invested in eBay Inc. (NASDAQ:EBAY). Out of these, the firm’s largest shareholder is Richard Mashaal’s Rima Senvest Management since it owns 5.2 million shares that are worth $231 million.

1. Lennar Corporation (NYSE:LEN)

10 Year Gains: 396%

Lennar Corporation (NYSE:LEN) is a home building company headquartered in Miami, Florida. It was Vinik Asset Management’s second biggest investment in 2013, as the firm owned 2.2 million shares that were worth $93 million. Seems like Mr. Vinik was on target as Lennar is also the top performing stock on our list.

51 of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had bought Lennar Corporation (NYSE:LEN)’s shares. Edgar Wachenheim’s Greenhaven Associates is the largest shareholder through its $1.1 billion investment.

Disclosure: None. You can also take a look at 11 High Growth Utility Stocks to Buy and 15 High Growth Large Cap Stocks to Invest In.

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