In this article, we discuss the 5 stocks that Ray Dalio is doubling down on. If you want to read our detailed analysis of these stocks, go directly to Ray Dalio is Doubling Down on These 10 Stocks.
5. Meta Platforms, Inc. (NASDAQ:FB)
Number of Hedge Fund Holders: 266
Percentage Increase in Stake During Q3: 1,198%
Meta Platforms, Inc. (NASDAQ:FB) is a technology firm that helps people make digital connections. Regulatory filings show that Bridgewater Associates owned 26,217 shares in the company at the end of the third quarter of 2021 worth over $8.8 million, representing 0.04% of the portfolio.
Piper Sandler analyst Thomas Champion recently maintained a Neutral rating on Meta Platforms, Inc. (NASDAQ:FB) stock with a price target of $385, calling the decision of the firm to change brand name from Facebook to Meta a “big, bold, and risky bet”.
At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Meta Platforms, Inc. (NASDAQ:FB), up from 257 in the preceding quarter worth $40 billion.
In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:
“We continued to keep our learnings from 2020 in mind during the quarter as we sought to increase the up capture of the portfolio. We also made adjustments to the portfolio’s top 10 holdings to increase the participation of select stocks, including Facebook, while trimming our weighting to stable names, which now represent 47% of the portfolio. Our repositioning has been encouraging so far with the portfolio performing better on up days in the market while maintaining good down capture during more turbulent sessions.”
4. Marsh & McLennan Companies, Inc. (NYSE:MMC)
Number of Hedge Fund Holders: 41
Percentage Increase in Stake During Q3: 1,519%
Marsh & McLennan Companies, Inc. (NYSE:MMC) is a professional services company based in New York. In earnings results for the third quarter, posted in late October, it reported earnings per share of $1.08, beating estimates by $0.08. The revenue over the period was $4.5 billion, up 15% year-on-year.
According to the latest data, Bridgewater Associates owned 25,369 shares in Marsh & McLennan Companies, Inc. (NYSE:MMC) at the end of September 2021 worth $3.8 million, representing 0.02% of the portfolio of the fund.
At the end of the second quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in Marsh & McLennan Companies, Inc. (NYSE:MMC), up from 37 in the preceding quarter worth $2.1 billion.
3. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 162
Percentage Increase in Stake During Q3: 1,745%
Visa Inc. (NYSE:V) operates as a payments technology firm. Securities filings show that Bridgewater Associates owned 49,925 shares in the company at the end of the third quarter of 2021 worth $11.1 million, representing 0.06% of the portfolio.
On November 17, investment advisory UBS initiated coverage of Visa Inc. (NYSE:V) stock with a Buy rating and a price target of $275, noting that the shares were trading at an “attractive valuation” considering the leading position of the firm in mature areas.
At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27 billion in Visa Inc. (NYSE:V), down from 164 in the preceding quarter worth $26 billion.
In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:
“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”
2. CSX Corporation (NASDAQ:CSX)
Number of Hedge Fund Holders: 56
Percentage Increase in Stake During Q3: 2,343%
CSX Corporation (NASDAQ:CSX) provides rail-based freight transportation services. The company has a market cap of more than $80 billion and posted over $10.5 billion in revenue last year. It recently beat market expectations on earnings for the third quarter.
Bridgewater Associates owned 174,958 shares in CSX Corporation (NASDAQ:CSX) at the end of September 2021 worth $5.2 million, representing 0.02% of the portfolio.
At the end of the second quarter of 2021, 56 hedge funds in the database of Insider Monkey held stakes worth $4.2 billion in CSX Corporation (NASDAQ:CSX), up from 53 in the preceding quarter worth $3.6 billion.
1. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 138
Percentage Increase in Stake During Q3: 2,625%
Apple Inc. (NASDAQ:AAPL) makes and sells consumer electronics. At the end of the third quarter of 2021, Bridgewater Associates owned 72,600 shares in the company worth $10.9 million, representing 0.06% of the portfolio.
Several reports published recently suggest that Apple Inc. (NASDAQ:AAPL) has achieved a “chip-related” breakthrough in its quest to develop an all-electric and fully autonomous car, a product that the firm could launch as soon as 2025.
At the end of the second quarter of 2021, 138 hedge funds in the database of Insider Monkey held stakes worth $145 billion in Apple Inc. (NASDAQ:AAPL), up from 127 in the preceding quarter worth $131 billion.
In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”
You can also take a peek at Why These 10 Stocks Fell on Monday and 10 Penny Stocks With Long-Term Growth Catalysts.
