Below is the list of Jonathan Bloomberg’s top 5 stock picks. For a comprehensive list and detailed discussion about Jonathan Bloomberg’s investment philosophy and portfolio management strategies, please see Jonathan Bloomberg’s Top 10 Stock Picks.
5. Alphabet Inc. (NASDAQ:GOOG)
BloombergSen’s Stake Value: $112.4 million
Percentage of BloombergSen’s 13F Portfolio: 5.91%
Number of Hedge Fund Holders: 155
The stock price of Google parent company Alphabet Inc. (NASDAQ:GOOG) grew more than 70% so far this year to get closer to the $3,000 mark for the first time in its history. The upside momentum is backed by strong financial numbers. The company earned $27.99 a share in the third quarter, while its revenue jumped 41% from a year ago to $65.12 billion. Jonathan Bloomberg first initiated a position in Alphabet in the first quarter of 2020.
In the third quarter investor letter, Alger, an investment management firm, expressed confidence in Alphabet’s growth potential. Here is what Alger stated:
“Alphabet Inc. was among the top contributors to performance during the third quarter. Alphabet is a leading internet search provider and is a beneficiary in the share shift of advertising dollars from traditional mediums like television, radio and newspapers to digital platforms. The company is a leader in implementing Al, autonomous vehicles and cloud computing it and owns the highly trafficked YouTube property. Alphabet contributed to performance due to a strong quarterly report highlighted by revenue growth that beat consensus expectations across segments. The company’s core search revenues have increased 10% over the past two years, with cloud computing increasing 8%. Results from YouTube also exceeded expectations. When discussing quarterly results, Alphabet management said retail, entertainment and travel were end markets that were particularly strong. The fixed cost structure of Alphabet’s search service resulted in profitability resulting from the increase in revenues being better than expected.”
4. Aon plc (NYSE:AON)
BloombergSen’s Stake Value: $119 million
Percentage of BloombergSen’s 13F Portfolio: 6.25%
Number of Hedge Fund Holders: 68
The stock price of Aon plc (NYSE:AON) has soared nearly 190% since going public in early 2020. Moreover, the company’s strategy of returning cash to shareholders makes it a good stock to hold for the long term. Its share price and dividends are backed by a double-digit revenue and earnings growth momentum. For the third quarter, the company posted $2.7 billion in revenue, up 13% from the year-ago period.
Of the 873 hedge funds tracked by Insider Monkey, 68 were bullish on Aon as of the end of the June quarter.
3. Humana Inc. (NASDAQ:HUM)
BloombergSen’s Stake Value: $121 million
Percentage of BloombergSen’s 13F Portfolio: 6.37%
Number of Hedge Fund Holders: 59
Humana Inc. (NASDAQ:HUM), a health and well-being company in the United States, is a member of Jonathan Bloomberg’s hedge fund’s 13F portfolio since the second quarter of 2019. Humana stock price grew 12% year to date. In addition to share price gains, stakeholders are collecting quarterly dividends of $0.70 per share.
Humana Inc (NYSE:HUM) was in 59 hedge funds’ portfolios at the end of June compared to 65 positions in the previous quarter.
2. Charter Communications, Inc. (NASDAQ:CHTR)
BloombergSen’s Stake Value: $150 million
Percentage of BloombergSen’s 13F Portfolio: 7.93%
Number of Hedge Fund Holders: 75
Charter Communications, Inc. (NASDAQ:CHTR) is a member of Jonathan Bloomberg’s 13F stock portfolio since 2013. Despite underperformance in 2021, its stock price is up 170% in the last five years. The communications company generated third-quarter revenue of $13.1 billion, up 9.2% year-over-year. The revenue growth is driven by mobile revenue growth of 45.4%, residential revenue growth of 9.4%, and commercial revenue growth of 7.1%.
Charter Communications investors should pay attention to an increase in activity from the world’s largest hedge funds of late. It was in 75 hedge funds’ portfolios as of the end of June quarter compared to 74 positions in the prior quarter.
1. Colliers International Group Inc. (NASDAQ:CIGI)
BloombergSen’s Stake Value: $187 million
Percentage of BloombergSen’s 13F Portfolio: 9.83%
Number of Hedge Fund Holders: 17
Colliers International Group Inc. (NASDAQ:CIGI) is the largest stock holding of BloombergSen’s 13F stock portfolio as of the end of June quarter. Colliers has been one of the best performers for Jonathan Bloomberg’s hedge fund in the last twelve months, with the stock price up 100% compared to broader market growth of 41%.
In the second quarter investor letter, LRT Capital Management, an investment management firm, stated that Colliers International Group will grow through acquisitions. Here is what LRT Capital Management stated:
“Colliers International Group is a commercial real estate brokerage and investment management company founded by Jay S. Hennick in 1976 in Toronto, Canada. From humble beginnings the company has grown, primarily through acquisitions, to become one of the five largest commercial real estate brokerages in the world (the others being CBRE, Jones Lang LaSalle, Cushman & Wakefield, and Savills). The company today offers a full range of services and reports in the following segments: Outsourcing & Advisory (45% of revenue; this includes Engineering & Design services, Valuation services and Property Management), Capital Markets (25% of revenue), Commercial Real Estate Leasing (24% of revenue), and Investment Management (6% of revenue). The company believes that about half of its revenue is recurring in nature. The Investment Management segment deserves special attention, as it is the result of an acquisition of the real estate investment management company Harrison Street in 2018. While the segment contributes the smallest part of revenues, it has a very high margin, contributing over 17% of the company’s EBITDA.
Colliers has historically grown by acquisition and we expect it to continue to do so. The real estate services market is highly fragmented outside of North America presenting ample opportunities for Colliers to continue its growth strategy. The company has been a good steward of shareholder capital and spun out FirstService Residential (FSV) in 2014 to maximize the value of that business.”
You can also take a look at Best High Risk Stocks to Buy Right Now and Starter Stock Portfolio: 10 Large-cap Stocks To Buy.
