In this article, we discuss 5 stocks that Ray Dalio is buying in 2022. If you want to see more additions to the billionaire’s portfolio, click Ray Dalio is Buying These 10 Stocks in 2022.
5. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 111
The Walt Disney Company (NYSE:DIS) is an American corporation that operates as an entertainment company worldwide. The company offers expertise in media, entertainment distribution, parks, experiences, and merchandise. Bridgewater Associates acquired 209,577 shares of The Walt Disney Company (NYSE:DIS) in Q1 2022, worth $28.7 million, representing 0.11% of the total 13F portfolio.
On May 11, The Walt Disney Company (NYSE:DIS) reported its Q1 financial results, posting earnings per share of $1.08, missing analysts’ estimates by $0.11. The revenue grew 23.29% year-over-year to $19.25 billion, but fell short of market predictions by $788.52 million.
Barclays analyst Kannan Venkateshwar on May 13 lowered the price target on The Walt Disney Company (NYSE:DIS) to $130 from $168 and reiterated an Equal Weight rating on the shares. As per the analyst, volatility of quarterly trends across segments, the current macro backdrop, and high benchmarks might push the “valuation floor lower” for The Walt Disney Company (NYSE:DIS).
According to Insider Monkey’s Q4 data, 111 hedge funds were bullish on The Walt Disney Company (NYSE:DIS), up from 101 funds in the preceding quarter. In the first quarter of 2022, David Goel and Paul Ferri’s Matrix Capital Management disclosed an $868.2 million stake in The Walt Disney Company (NYSE:DIS).
Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about The Walt Disney Company (NYSE:DIS) in its Q4 2021 investor letter:
“The communication services sector was a weak spot in both the benchmark and the portfolio in the fourth quarter. Disney announced lower than expected streaming subscriber growth to the company’s Disney+ offering, attributable primarily to the content release schedule. Disney has been ramping up content spending given strong global response to Disney+, although production capability was temporarily impacted by COVID-19. We still believe Disney is on track to reach the subscriber outlook outlined at its December 2020 analyst day, driven by a very robust slate of content releases, particularly in the 2022–2024 time period.”
4. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 108
Billionaire Ray Dalio added Berkshire Hathaway Inc. (NYSE:BRK-B) to his Q1 2022 portfolio by acquiring 301,705 shares of the company, worth $106.4 million, representing 0.42% of the total 13F portfolio. Berkshire Hathaway Inc. (NYSE:BRK-B) is engaged in the insurance, freight rail transportation, and utility businesses via its subsidiaries worldwide.
On April 30, Berkshire Hathaway Inc. (NYSE:BRK-B) reported earnings for the first fiscal quarter of 2022. The company posted an EPS of $3.18, beating consensus estimates by $0.31. The $70.81 billion revenue outperformed Street forecasts by $1.66 billion, growing 9.61% year-over-year.
Keefe Bruyette analyst Meyer Shields maintained a Market Perform rating on Berkshire Hathaway Class A shares and lowered the firm’s price target on the stock to $560,000 from $565,000. According to the analyst, Berkshire’s Q1 operating earnings per share of $4,774 surpassed the Street’s $4,278 estimate, reflecting higher than forecasted non-insurance earnings, offset in part by lower than anticipated insurance underwriting income and higher taxes. The analyst expects the headline beat and Berkshire’s “resumed opportunistic capital deployment” to boost the shares.
Among the hedge funds tracked by Insider Monkey, 108 funds were bullish on Berkshire Hathaway Inc. (NYSE:BRK-B) at the end of the fourth quarter of 2021. In Q1 2022, Bill & Melinda Gates Foundation Trust disclosed a significant position in the company, with 28.6 million shares worth over $10 billion.
3. LyondellBasell Industries N.V. (NYSE:LYB)
Number of Hedge Fund Holders: 35
LyondellBasell Industries N.V. (NYSE:LYB) is headquartered in Houston, Texas, operating as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. Ray Dalio’s hedge fund added LyondellBasell Industries N.V. (NYSE:LYB) to his Q1 portfolio by buying 294,635 shares of the company, worth $30.2 million.
On April 29, LyondellBasell Industries N.V. (NYSE:LYB) reported earnings for Q1 2022, posting an EPS of $4.0, beating market consensus estimates by $0.45. Revenue for the period grew 44.87% year-over-year to $13.16 billion, outperforming analysts’ predictions by $500.50 million.
Deutsche Bank analyst David Begleiter on May 5 raised the price target on LyondellBasell Industries N.V. (NYSE:LYB) to $120 from $104 and maintained a Hold rating on the shares after the Q1 results.
In the fourth quarter of 2021, 35 hedge funds were bullish on LyondellBasell Industries N.V. (NYSE:LYB), compared to 39 funds in the earlier quarter. The total stakes owned in Q4 grew to $778.6 million from $676.5 million in Q3. Boykin Curry’s Eagle Capital Management held a $304 million position in LyondellBasell Industries N.V. (NYSE:LYB) in Q1 2022.
Here is what Miller Howard Investments has to say about LyondellBasell Industries N.V. (NYSE:LYB) in its Q3 2021 investor letter:
“We initiated a position in LyondellBasell (LYB). Chemical markets are currently robust given the combination of 2020 plant shutdowns and strongly recovering demand. Despite the tailwinds, Lyondell trades at a low valuation and yields just under 5%.”
2. Mastercard Incorporated (NYSE:MA)
Number of Hedge Fund Holders: 144
Mastercard Incorporated (NYSE:MA) is a new arrival in billionaire Ray Dalio’s Bridgewater Associates portfolio, with the hedge fund buying 36,168 shares of the company in Q1 2022, worth $12.9 million.
Mastercard Incorporated (NYSE:MA) announced on April 28 its Q1 financial results, posting earnings per share of $2.76, beating estimates by $0.60. The company’s revenue of $5.17 billion grew 24.36% year-over-year, surpassing market consensus by $267.59 million.
On May 17, Goldman Sachs analyst Will Nance initiated coverage of Mastercard Incorporated (NYSE:MA) with a Buy rating and a $460 price target, implying 38% upside. After “lackluster returns in 2021 and a choppy start to 2022,” the analyst is “constructive” on the payments sector, observing that relative valuations have fallen prominently over the last 6 months and the companies are positioned well to navigate a low-growth, inflationary world. He believes Mastercard Incorporated (NYSE:MA) will keep on delivering “best-in-class” earnings growth, due to “strong secular tailwinds, and strong operating leverage as the company continues to add scale.”
Among the hedge funds tracked by Insider Monkey, 144 funds were long Mastercard Incorporated (NYSE:MA) in Q4 2021, compared to 146 funds in the preceding quarter. Charles Akre’s Akre Capital Management owned a significant Mastercard Incorporated (NYSE:MA) stake in Q1 2022, comprising 5.85 million shares worth over $2 billion.
Here is what Saturna Capital Amana Funds has to say about Mastercard Incorporated (NYSE:MA) in its Q4 2021 investor letter:
“Given the likelihood of rising inflation and interest rates ahead, we anticipate adjustments to the portfolio to reduce exposure to highly valued stocks dependent on low interest rates to support terminal year valuations, while seeking investments in companies more correlated with a return to economic normalcy. We sold our position in Mastercard. Although Mastercard does not charge or collect interest, its association with credit activities was problematic.”
1. Marathon Petroleum Corporation (NYSE:MPC)
Number of Hedge Fund Holders: 41
Marathon Petroleum Corporation (NYSE:MPC) is an American integrated downstream energy company, offering petroleum, petrochemicals, and gasoline, as well as refining services. Ray Dalio’s Bridgewater Associates purchased 165,212 shares of Marathon Petroleum Corporation (NYSE:MPC) in Q1 2022, worth $14.12 million.
Marathon Petroleum Corporation (NYSE:MPC) posted its Q1 financial results on May 3, reporting earnings per share of $1.45, exceeding market consensus estimates by $0.17. The revenue grew 67.75% year-over-year to $38.38 billion, surpassing analysts’ predictions by $5.92 billion.
On April 27, Marathon Petroleum Corporation (NYSE:MPC) declared a quarterly dividend of $0.58 per share, in line with previous. The dividend is payable on June 10, to shareholders of the company as of May 18. Marathon Petroleum Corporation (NYSE:MPC) on May 20 delivered a dividend yield of 2.40%.
JPMorgan analyst Phil Gresh raised the price target on Marathon Petroleum Corporation (NYSE:MPC) to $109 from $95 and reiterated an Overweight rating on the shares on May 17. The analyst lifted estimates and price targets for the refining group.
In Q1 2022, billionaire Paul Singer’s Elliott Management reported owning more than 11 million shares of Marathon Petroleum Corporation (NYSE:MPC), worth $946 million. Overall, 41 hedge funds were bullish on the stock at the end of December 2021.
Here is what Clark Street Value has to say about Marathon Petroleum Corporation (NYSE:MPC) in its Q4 2021 investor letter:
“During the worst of covid, I bought some LEAPs on Marathon Petroleum (MPC) as a proxy for Par Pacific (PARR) since long dated options weren’t available on the later. Those MPC calls expire next month and I’ll take profits, with PARR I’ve reduced my position throughout the year and might sell the rest early next year, I’ve owned it for 6-7 years and it has gone nowhere, they haven’t touched the NOLs, just a difficult business that I probably don’t understand as well as I should.”
You can also take a look at 10 Dividend Stocks to Buy Now According to Billionaire Leon Cooperman and 10 Blue Chip Stocks in Warren Buffett’s Portfolio.
