In this article, we discuss billionaire Stanley Druckenmiller’s top 12 stock picks. You can go through our detailed analysis of Druckenmiller’s hedge fund and his insights at Billionaire Stanley Druckenmiller’s Top 12 Stock Picks.
5. Teck Resources Ltd (USA) (NYSE:TCK)
Number of Hedge Fund Investors: 68
Duquesne Capital’s Q4 2023 Investment Value: $233.54 million
Teck Resources Ltd (USA) (NYSE:TCK) is a prominent mining and mineral development company involved in the extraction and exploration of diverse minerals such as copper, coal, zinc, and oil. With operations spanning Canada, Chile, Peru, and the US, the company operates across five distinct business segments: Steelmaking, Coal, Copper, Zinc, Energy, and Corporate.
A total of 68 hedge funds in Insider Monkey’s database reported having stakes in Teck Resources Ltd (NYSE:TCK) as of the end of the December quarter. Duquesne Capital increased its stake in Teck Resources Ltd (USA) (NYSE:TCK) by 35% in Q4 2023.
4. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Investors: 102
Duquesne Capital’s Q4 2023 Investment Value: $234.65 million
Eli Lilly and Company (NYSE:LLY), established in 1876 by Colonel Eli Lilly, a pharmaceutical chemist and Civil War veteran, is a prominent American pharmaceutical firm headquartered in Indianapolis, Indiana. With operations spanning 18 other countries, the company boasts a global footprint.
Eli Lilly and Company (NYSE:LLY) maintains a consistent quarterly dividend of $1.30 per share, reflecting its steadfast dividend growth over the past decade. Impressively, the company has a distinguished track record of paying dividends to its shareholders uninterrupted for 138 years.
As of December 2023, 102 out of 933 hedge funds profiled by Insider Monkey had invested in Eli Lilly and Company (NYSE:LLY). Notably, Ken Fisher’s Fisher Asset Management held the largest stake in the company, valued at $2.6 billion.
3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Investors: 173
Duquesne Capital’s Q4 2023 Investment Value: $305.79 million
NVIDIA Corporation (NASDAQ:NVDA), headquartered in Delaware, is a renowned American multinational technology company specializing in integrated circuit development. With expertise spanning various devices, from electronic game consoles to personal computers (PCs), NVIDIA holds a leading position in the market for advanced AI chips. In 2023, the company’s stock experienced a remarkable surge of over 230%.
In Q4 2023, NVIDIA Corporation (NASDAQ:NVDA) attracted investments from 173 out of the 933 hedge funds tracked by Insider Monkey. Among them, Rajiv Jain’s GQG Partners emerged as the largest stakeholder, with investments totaling $6.8 billion in the company.
2. Coupang Inc. (NYSE:CPNG)
Number of Hedge Fund Investors: 53
Duquesne Capital’s Q4 2023 Investment Value: $370.9 million
Coupang, Inc. (NYSE:CPNG) is a prominent e-commerce powerhouse headquartered in Seoul, South Korea. Renowned for its extensive range of services, the company provides same-day and next-morning delivery of groceries and general merchandise. Additionally, Coupang offers convenient delivery of prepared foods through Coupang Eats and engaging video streaming services via Coupang Play.
As of Q4 2023, data from Insider Monkey on 933 hedge funds revealed that 53 hedge funds held holdings in Coupang, Inc. (NYSE:CPNG), with a combined value of $3.69 billion. The largest shareholder was Lee Ainslie’s Maverick Capital, holding 73 million shares valued at $1.18 billion.
Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its fourth quarter 2023 investor letter:
“We also took advantage of stock price volatility and slightly added to several existing positions: The Korean e-commerce platform, Coupang, Inc. (NYSE:CPNG), whose stock corrected during the quarter following a miss on EBITDA margins, which we don’t view as structural. The company continues to gain market share while holding significant competitive advantages thanks to its robust delivery network.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Investors: 302
Duquesne Capital’s Q4 2023 Investment Value: $408.4 million
Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a renowned technology powerhouse known for its extensive range of products and services. These offerings encompass operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games.
On March 6, investment advisory firm Jefferies reaffirmed a Buy rating on Microsoft Corporation (NASDAQ:MSFT) stock, setting a price target of $500.
According to Insider Monkey’s Q4 2023 database, 302 out of 933 hedge funds had acquired and held shares of Microsoft Corporation (NASDAQ:MSFT). The largest shareholder was Michael Larson’s Bill & Melinda Gates Foundation Trust, with holdings valued at $14.3 billion.
Should you invest $1,000 in Coupang right now?
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The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and CPNG wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.
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