Billionaire Ray Dalio’s 5 New Stock Picks

1. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 68

AT&T Inc. (NYSE:T) is ranked first on our list of 10 new stocks in the portfolio of billionaire Ray Dalio. The company operates as a telecommunication, media, and technology firm and is based in Texas. 13F filings reveal that Bridgewater Associates owned 11,187 shares in the company at the end of the second quarter of 2021 worth $322,000. 

On September 8, investment advisory LightShed Partners initiated coverage of AT&T Inc. (NYSE:T) stock with a Buy rating and a price target of $36, highlighting that the wireless and fiber growth opportunity was “not being properly recognized by the market”. 

At the end of the second quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $2.8 billion in AT&T Inc. (NYSE:T), up from 63 in the previous quarter worth $2.7 billion.

In its Q1 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and AT&T Inc. (NYSE:T) was one of them. Here is what the fund said:

“Nelson Capital stayed busy in the first quarter, making several adjustments within our core portfolio. In the communication services sector, we sold AT&T (tkr: T). Over the years, AT&T has made several poor acquisitions, especially in the content realm, leaving the company saddled with debt and unable to change directions.”

You can also take a peek at 9 Tech and Software Stocks to Buy According to Hamilton Helmer’s Strategy Capital and Analysts Are Downgrading These 10 Stocks.

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