Robert K. Citrone is a well-known figure in the financial world. Rob, as many call him, is the co-founder of Discovery Capital Management, a hedge fund that has put the investor on the billionaires’ list. Others may remember him as one of the famous Tiger Cubs—former members of Julian Robertson’s Tiger Management who went on to establish their own successful hedge funds. Citrone also previously worked with George Soros, Fidelity Investments, and First Boston, where he focused on emerging markets. That focus hasn’t wavered since then.
Citrone’s voice matters a lot in the investment world. This has a lot to do with this hedge fund’s performance since its inception. In the last four quarters alone (up to Q4, 2024), for instance, the hedge fund has returned 48.03%. Citrone’s fund also managed to almost double its assets under management (AUM) in just one quarter; AUM grew from $0.8 billion in Q3 2024 to $1.5 billion in Q4 2024. The jump reflects a good year in the market, but that is just one way of looking at it. It is also evidence of renewed investor confidence in Citrone’s fund after a couple of ups and downs. For instance, the fund experienced negative returns in 2014 and 2015 and managed to reverse the trend in 2016.
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No wonder when Rob speaks, investors listen. And many have been following his comments on the prevailing market conditions, especially after Trump threw global trade in a spin with a salvo of tariffs. Speaking to the Wall Street Journal earlier this month, Citrone regretted not selling more stocks before Trump took on the globe in a trade war. “I should have sold more,” he said.
This comment is rich coming from an investor who has been bearish most of this year. The Tiger Cub trimmed by half his net equity exposure to the United States at the end of January this year. His goal then was to “get flat to short in the coming weeks primarily in developed markets.” The main reason for the bearish stance was an anticipation of volatility once Trump took office.
And it now looks like the billionaire is looking South. Recent reports indicate that Citrone is betting on Argentina. While on a trip to the country, Citrone said that the next ten years “will be the decade of Latin America and Argentina will lead that process. Milei is a very important example for Latin America, but more than that, he is important for the world and for the United States. That’s why we must do everything possible to help Argentina.” But that doesn’t mean he has given up on US equities. Citrone expects a shallower recession than previously thought and he believes that there will be “strong growth in the second half of the year.”
Our Methodology
This list was compiled by analyzing Discovery Capital Management’s Q4 2024 SEC 13F filings. From the 78 holdings, we ranked the stocks based on the value of the billionaire’s stake in them. We then picked the top 10 stocks with the highest stake value. We also considered institutional interest in the stocks as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Billionaire Rob Citrone’s Top 10 Stock Picks
10. Genius Sports Limited (NYSE:GENI)
Rob Citrone’s Latest Stake Value: $45,374,483
Number of Hedge Funds Holding Stakes: 32
Genius Sports Limited (NYSE:GENI) is a sports data and technology company headquartered in London, the United Kingdom. It provides real-time sports data, analytics, and video streaming. It works with betting companies, gaming brands, broadcasters, and sports leagues.
The latest financial data shows that Genius Sports Limited’s (NYSE:GENI) finances are robust. The full-year 2024 revenue was $511 million, up 24% year-over-year, and net losses reduced by 26%. The company’s focus on operational efficiency has paid dividends, with Adjusted EBITDA soaring 61% to $86 million for the full year, expanding margins to 16.8%. The management projects continued momentum this year, with revenue expected to reach $620 million (21% growth).
Genius Sports Limited (NYSE:GENI) distinguishes itself through initiatives like its award-winning collaboration with EchoPoint Media for the Indianapolis 500, which improved ticket sales efficiency by 45%. The company is also expanding its technological reach, launching data-driven broadcasts for NBA 2K25 and Madden NFL Cast, and introducing advanced player tracking for France’s Ligue de Football Professionnel. Analysts maintain a Strong Buy consensus on the company’s shares with a median 12-month price target suggesting a 17.60% upside potential from current levels as of April 17.
9. The Boeing Company (NYSE:BA)
Rob Citrone’s Latest Stake Value: $45,860,700
Number of Hedge Funds Holding Stakes: 96
The Boeing Company (NYSE:BA) is a global aerospace company that designs, builds, and sells airplanes, helicopters, satellites, and defense systems. Some of its popular products include commercial aircraft like the 737, 777, and 787. The company serves airlines, governments, space agencies, and defense organizations worldwide.
This year is already promising for Boeing (NYSE:BA), having delivered 130 commercial airplanes in the first quarter of 2025, with the 737 model accounting for 105 of those deliveries. Its defense, space, and security segment also delivered 26 new units, including 15 Apache helicopters and various fighter jet models. The recent firm order by BOC Aviation 50 737 MAX jets exemplifies this, and it expands the lessor’s 737 MAX portfolio to 215 aircraft. Industry experts project single-aisle jets like the 737 to account for 75% of global deliveries over the next 20 years, positioning Boeing to benefit from airlines’ fleet growth and replacement of less-efficient older jets.
Despite these positive developments, Boeing (NYSE:BA) faces significant headwinds as the ongoing U.S.-China trade tensions have escalated dramatically. On April 15, Bloomberg News reported that China has ordered its airlines to suspend all Boeing deliveries in response to the U.S. imposing 145% tariffs on Chinese goods. Nonetheless, the company’s core business remains solid, with a substantial order backlog and strong demand from markets outside China. On April 16, Jason Sum of DBS reaffirmed his Buy rating on The Boeing Company (NYSE:BA) and set a price target of $240.00.
8. The GEO Group, Inc. (NYSE:GEO)
Rob Citrone’s Latest Stake Value: $51,469,210
Number of Hedge Funds Holding Stakes: 39
The Geo Group Inc. (NYSE:GEO) manages detention and correctional facilities. The company operates prisons, detention centers, and reentry centers. It works primarily with the US Immigration and Customs Enforcement (ICE), as well as state prison systems and international governments.
The GEO Group, Inc. (NYSE:GEO) is positioned for substantial revenue growth following several contracts so far this year. The company won a 15-year, fixed-price contract from ICE in late February for its 1,000-bed Delaney Hall Facility in New Jersey. The deal is expected to generate over $60 million in annualized revenues in the first full year of operations, and the total contract value is estimated at approximately $1 billion. The following month, Geo Group (NYSE:GEO) secured another contract with ICE to activate its 1,800-bed North Lake Facility in Michigan immediately. The deal is projected to generate in excess of $70 million in annualized revenues.
7. Vistra Corp. (NYSE:VST)
Rob Citrone’s Latest Stake Value: $53,521,134
Number of Hedge Funds Holding Stakes: 120
Vistra Corp. (NYSE:VST) offers power solutions to businesses and communities. The energy company produces electricity from natural gas and coal, as well as from clean sources like nuclear. It operates in the utilities sector, meaning it supplies electricity to homes, businesses, and government agencies.
The latest financial results reveal that the company delivered an exceptional performance for 2024. Vistra Corp. (NYSE:VST) reported a $2.81 billion GAAP full-year net income and $4.56 billion cash flow from operations. The company significantly outperformed its original financial guidance, with ongoing operations’ adjusted EBITDA coming in at $5.66 billion—$856 million higher than the midpoint of its original guidance range. Unfortunately, Vistra Corp. (NYSE:VST) faces some challenges with its battery storage expansion efforts. In April 2025, the company withdrew its application to build a 600-megawatt battery energy storage facility on the retired Morro Bay Power Plant property in California.
On April 15, Bank of America analyst Ross Fowler reaffirmed a Buy rating for the stock. In March, the firm upgraded it from Neutral to Buy but with a lowered price target of $152, down from $164. Despite recent declines due to limited data centre news, analysts remain optimistic about Vistra Corp, citing its strong baseload generation, competitive retail, and growth potential in tightening markets.
6. Nebius Group N.V. (NASDAQ:NBIS)
Rob Citrone’s Latest Stake Value: $53,958,935
Number of Hedge Funds Holding Stakes: 66
Nebius Group N.V. (NASDAQ:NBIS) is an emerging leader in AI infrastructure. It provides comprehensive technology solutions for AI developers through its large-scale GPU clusters, cloud platforms, and specialized developer tools. Nebius Group has a Moderate Buy rating with 2 buy ratings and no hold or sell ratings. The average 12-month price target is $45.00, reflecting a 113.47% increase from the current price of $21.08.
The recent earnings report indicates that Nebius Group N.V.’s (NASDAQ:NBIS) growth momentum is robust. Fourth-quarter 2024 revenue surged 466% year-over-year to $37.9 million, while full-year revenue increased by an equally impressive 462% to $117.5 million. This remarkable performance reflects the company’s successful expansion strategy, which includes the announcement of its first GPU cluster deployment in the United States along with significant capacity additions across its European operations.
Looking ahead, Nebius (NASDAQ:NBIS) has set ambitious growth targets. It projects an Annual Recurring Revenue (ARR) between $750 million and $1 billion for 2025. This optimistic outlook is supported by the company’s aggressive data center expansion plans and the integration of cutting-edge Blackwell GPUs into its infrastructure portfolio. Management has outlined a clear roadmap to increase data center capacity to 100 megawatts by the end of 2025, with potential further scaling to exceed 300 megawatts.
5. Exxon Mobil Corporation (NYSE:XOM)
Rob Citrone’s Latest Stake Value: $66,413,718
Number of Hedge Funds Holding Stakes: 104
Exxon Mobil Corporation (NYSE:XOM) is a multinational energy company that produces and sells natural gas, oil, and chemicals. Some of the leading products are crude oil, gasoline, diesel, lubricants, and petrochemicals. It serves consumers, businesses, and governments worldwide.
On April 2, Exxon Mobil Corporation (NYSE:XOM) unveiled the company’s new President after the long-serving Karen McKee retired. This transition will be formalized on May 1, 2025. Matt Crocker will be the new President of ExxonMobil Product Solutions Company and Vice President of the conglomerate.
In 2024, Exxon Mobil Corporation (NYSE:XOM) reported $33.7 billion in earnings, generated $55 billion in cash, and returned $36 billion to shareholders through dividends and buybacks, leading the industry in shareholder returns. It raised its dividend for the 42nd consecutive year and ended the year with $23.2 billion in cash and low debt. Exxon revamped its portfolio by selling $15 billion in assets and focusing on the Permian Basin, Guyana, and LNG, with plans to grow production from 4.3 million to 5.4 million BOED by 2030. The Pioneer acquisition strengthened its Permian position, and LNG capacity is set to double through projects in the U.S., Papua New Guinea, and Mozambique.
On April 15, Morgan Stanley adjusted its outlook, reducing Exxon Mobil Corporation’s (NYSE:XOM) price target to $133 from $138, though maintaining an Overweight rating. This adjustment is supported by declining oil prices, which impact 2025-26 cash flow projections, and push them below market consensus.
4. Vista Energy S.A.B. de C.V. (NYSE:VIST)
Rob Citrone’s Latest Stake Value: $71,455,826
Number of Hedge Funds Holding Stakes: 18
Vista Energy S.A.B. de C.V. (NYSE:VIST) is a Mexican oil and gas company that operates in Latin America. The company extracts and sells crude oil, natural gas, and liquefied petroleum gas (LPG). It also invests in low-carbon energy solutions. The firm supplies fuel for transportation, power generation, and manufacturing in Colombia, Brazil, Argentina, and Mexico.
In Q4 2024, Vista Energy S.A.B. de C.V. (NYSE:VIST) reported a total production of 85,276 barrels of oil equivalent per day (boe/d), a 17% quarter-over-quarter increase and an impressive 51% year-over-year growth. The company’s focus on oil production has paid off, with oil output reaching 73,491 barrels per day (bbl/d) in the same quarter. This production growth has translated into strong financial results, with total revenues of $471.3 million in Q4 2024, up 52% from Q4 2023, and full-year 2024 revenues of $1.65 billion, a 41% increase year-over-year.
Citrone has consistently held onto Vista Energy S.A.B. de C.V.’s (NYSE:VIST) stock since first acquiring 600,000 shares in Q1 2022. The stake is now more than twice and accounts for 4.80% of the billionaire’s portfolio. Vista Oil & Gas SAB de CV Sponsored ADR has a Strong Buy rating based on 4 buy ratings and no hold or sell ratings. The average price target is $70.35, ranging from $65.40 to $75.00, indicating a 57.28% increase from the current price of $44.73.
3. Amazon.com Inc. (NASDAQ:AMZN)
Rob Citrone’s Latest Stake Value: $73,122,687
Number of Hedge Funds Holding Stakes: 338
Amazon.com Inc. (NASDAQ:AMZN) is a global technology and e-commerce giant. The conglomerate operates an online marketplace for shopping and provides cloud computing (AWS), streaming (Prime Video), smart devices (Alexa, Echo), and logistics services. It serves individual shoppers, businesses, content creators, and developers in every corner of the world.
Amazon.com Inc. (NASDAQ:AMZN) continues to advance its technological leadership with significant new offerings in artificial intelligence (AI). On April 8, the company introduced Amazon Nova Sonic, a foundation model that unifies speech understanding and generation into a single system. The model enables more human-like voice conversations in AI applications. Additionally, the company continues to strengthen its position in cloud services through strategic collaborations. On April 10, it entered a partnership with Safran, a global leader in aeronautics, to accelerate innovation in the aerospace industry using AWS cloud technologies and generative AI at scale.
On April 16, Cantor Fitzgerald reaffirmed an Overweight rating for Amazon.com Inc (NASDAQ:AMZN) but lowered its price target from $270 to $230, citing tariffs as a disruptive factor. Despite this, Amazon, with a $1.91 trillion market cap and 11% revenue growth over the past year, remains dominant and is expected to gain market share as consumers prioritize convenience and variety during economic downturns.
2. Grupo Financiero Galicia S.A. (NASDAQ:GGAL)
Rob Citrone’s Latest Stake Value: $78,814,733
Number of Hedge Funds Holding Stakes: 24
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is Argentina’s largest financial services company. The company operates Banco Galicia (a major private bank), Naranja X (a fintech platform), Galicia Seguros (insurance services), and Galicia Securities (investment solutions). Grupo Financiero Galicia SA has a Moderate Buy rating based on 1 buy rating and no hold or sell ratings. The average price target is $92.00, indicating a 53.23% increase from the current price of $60.04.
In the financial year 2024, Grupo Financiero Galicia’s (NASDAQ:GGAL) net income reached 1.6 trillion pesos ($1.33 billion), a remarkable 121% increase from the previous year. The company achieved a 34% return on average equity and a 7% return on average assets for the year. Fourth quarter 2024 results were particularly strong, with net income soaring to 574 billion pesos ($556.78 million), 203% higher year-over-year. This performance was bolstered by significant growth in the company’s loan portfolio, with peso-denominated loans increasing by 228.8% compared to the previous year. The successful acquisition of HSBC operations in Argentina has further strengthened Grupo Financiero Galicia’s (NASDAQ:GGAL) position as the leading private financial group in the country.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) projects a more modest 15% real return on equity for 2025. This anticipated decline reflects the absence of extraordinary items that boosted 2024 results and the company’s focus on successfully integrating the HSBC acquisition. Nonetheless, the company’s management forecasts robust growth this year. It expects loans to increase by 50% and deposits by 35%.
1. JPMorgan Chase & Co. (NYSE:JPM)
Rob Citrone’s Latest Stake Value: $79,559,749
Number of Hedge Funds Holding Stakes: 123
JPMorgan Chase & Co. (NYSE:JPM) is the largest bank in the US by assets under management (AUM) and the fifth largest globally by the same measure. The financial giant offers consumer banking (via Chase), investment banking, asset management, credit cards, loans, and financial advisory services. It operates in retail banking, corporate finance, wealth management, and global markets. On April 14, DBS analyst Lim Rui Wen reaffirmed a Buy rating for JPMorgan Chase (JPM) with a price target of $268.00.
For Q1 2025, JPMorgan Chase & Co.’s (NYSE:JPM) net income reached $14.6 billion, or $5.07 per share, a 9% increase compared to the same period last year. The bank topped profit estimates driven by record equities trading revenue and higher fees from debt underwriting and advising on mergers. Trading revenue climbed 21%, with equities trading surging 48% to a record $3.8 billion.
However, CEO Jamie Dimon has expressed caution about the economic outlook, warning of “considerable turbulence” in the U.S. economy amid geopolitical tensions and trade-related issues. Dimon noted that clients have become more cautious amid market volatility driven by President Trump’s tariffs and other economic uncertainties. In that regard, the bank has increased its provisions for credit losses to $3.3 billion in the first quarter, up from $1.9 billion a year earlier.
While we acknowledge the potential of JPMorgan Chase & Co. (NYSE:JPM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than JPM but that trades at less than 5 times its earnings check out our report about this cheapest AI stock.
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