Billionaire Mario Gabelli’s Top 15 Stock Picks

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8. Sony Group Corporation (NYSE:SONY)

Number of Hedge Fund Holders: 21

GAMCO Investors’ Stake: $124.2 million 

Sony Group Corporation (NYSE:SONY) makes and sells consumer electronics. There are several compelling factors that make this company a strong investment. The first is the company’s strong business performance and growth across its key segments illustrated in the report for the second quarter of 2024. For instance, operating income increased 184% year-on-year to 138.8 billion yen, a new record high for this segment in the second quarter, due to an increase in the profit of hardware, third-party software and network services. Secondly, three blockchain-related companies under Sony Group have announced the launch of the blockchain mainnet Soneium, along with an updated version of crypto asset exchange services and the NFT1 issuance platform. By providing comprehensive solutions from the blockchain —the foundational infrastructure of Web3— to the application layer, the companies will work to support creators in expanding their creativity and enhancing engagement with their fan communities.

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