We recently published a list of 10 Best Stocks to Buy According to Billionaire Chris Rokos. In this article, we are going to take a look at where Salesforce, Inc. (NYSE:CRM) stands against other best stocks to buy according to billionaire Chris Rokos.
Chris Rokos is a highly respected British hedge fund manager who co-founded Brevan Howard Asset Management in 2002 before departing to establish his own firm in 2015, Rokos Capital Management, which now stands as one of the world’s largest macro hedge funds. After graduating from university, Rokos joined UBS in London. Within a year, he joined Goldman Sachs, where he spent three years, first in derivative structuring, then swap market making, and finally proprietary trading. Later on, he would join the budding Brevan Howard Asset Management, becoming one of the firm’s most successful traders, delivering almost $4 billion in profits for the fund during his time there. He later brought this expertise over to his own fund, with Rokos Capital specializing in global macroeconomic strategies, utilizing the billionaire’s skill in trading interest rates and currencies.
Rokos Capital Management’s 13F assets had risen to more than $6 billion by the end of the fourth quarter of 2024, placing it among Europe’s largest hedge funds. While it seems contradictory, the hedge fund’s main selling point might be the volatility of its returns. The firm went through a 44% rise in 2020, which was followed by a 26% decline in 2021. Later in 2022, when the S&P 500 fell more than 18%, the hedge fund enjoyed its best year on record, rising 51%.
According to Bloomberg, Chris Rokos’ hedge fund climbed 4.5% in the first two weeks of April as bond rates rose after President Trump’s announcement of punitive tariffs aimed at reshaping global trade. These gains increased Rokos’ returns this year to 8%. Trump’s April 2 tariff announcement shook global markets, with uncertainty spreading even to Treasuries, which are typically seen as a safe haven. A variety of explanations have been proposed as to what triggered the turbulence, including foreign governments dumping US debt and hedge funds unwinding highly leveraged deals. That said, this isn’t the first time Rokos has benefited from Trump’s presidency. The billionaire made almost $1 billion in profit in a single day in November, one of his largest trading sessions since establishing his firm in 2015, as Trump’s election triumph spurred a global spike in asset prices.
Our Methodology
For this list, we picked stocks from Rokos Capital Management’s 13F portfolio as of the end of the fourth quarter of 2024. These equities are also popular among other hedge funds.
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).
A customer service team in an office setting using the company’s Customer 360 platform to communicate with customers.
Salesforce, Inc. (NYSE:CRM)
Rokos Capital Management’s Stake as of Q4 2024: $156.3 million
Number of Hedge Fund Holders: 162
Salesforce, Inc. (NYSE:CRM) is a leading IT company headquartered in San Francisco that specializes in Customer Relationship Management technology. The company’s core AI service, Data Cloud, uses 8 trillion data points to improve CRM, resulting in smarter insights and better customer engagement. Overall, the company provides cloud-based software solutions to more than 150,000 enterprises.
On April 9, Truist Securities confirmed its Buy rating for Salesforce, Inc. (NYSE:CRM) and set a price target of $400. The endorsement follows an update on one of the company’s key growth sectors, Salesforce Industries. Salesforce Industries announced a significant $5.7 billion in annual recurring revenue for fiscal year 2025, representing a 20% year-over-year growth. This increase more than doubles the company’s total revenue growth of 9% during the same period. The update focused on the success of industry solutions, the potential high-value effect of the company’s agentic AI platform, Agentforce, and the opportunities for collaboration between industry solutions and other applications and data sectors.
Vulcan Value Partners stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2025 investor letter:
“There were five material detractors: Salesforce, Inc. (NYSE:CRM), Amazon. com Inc., Microsoft Corp., Alphabet Inc., and Skyworks Solutions Inc. Salesforce is the world’s leading SaaS vendor for customer relationship management (CRM) and salesforce automation (SFA) software. Growth guidance for the upcoming year was less than anticipated, indicating monetization of Salesforce’s Agentforce will take time. However, the company has already closed thousands of Agentforce deals, it expects Agentforce’s contribution to revenue to ramp throughout the current year, and contribute more significantly the following fiscal year.”
Overall, CRM ranks 6th on our list of stocks to buy according to billionaire Chris Rokos. While we acknowledge the potential for CRM as an investment, our conviction lies in the belief that some 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 CRM but trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
