Jacob Rothschild Stock Portfolio: 5 Top Stock Picks

2. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 103  

Thermo Fisher Scientific Inc. (NYSE:TMO) markets analytical instruments, specialty diagnostics, and laboratory products. Securities filings show that RIT Capital Partners owned 91,300 shares in Thermo Fisher Scientific Inc. (NYSE:TMO) at the end of the third quarter of 2023 worth $46 million, representing 11.58% of the portfolio.

On October 26, Morgan Stanley analyst Tejas Savant maintained an Overweight rating on Thermo Fisher Scientific Inc. (NYSE:TMO) stock and lowered the price target to $545 from $600, noting the firm had intact long-term fundamentals. 

At the end of the second quarter of 2023, 103 hedge funds in the database of Insider Monkey held stakes worth $7 billion in Thermo Fisher Scientific Inc. (NYSE:TMO), up from 98 in the preceding quarter worth $6.2 billion.