Top 5 Stock Picks of Dmitry Balyasny’s Hedge Fund

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01. Raytheon Technologies Corporation (NYSE:RTX)

Balyasny Asset Management’s Stake Value: $226.017 million

Percentage of Balyasny Asset Management’s 13F Portfolio: 0.73%

Number of Hedge Fund Holders as of Q2, 2022: 45

Raytheon Technologies Corporation (NYSE:RTX) is based in Waltham, Massachusetts. Raytheon Technologies Corporation (NYSE:RTX), an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide.

Ken Fisher’s Fisher Asset Management is the leading shareholder of Raytheon Technologies Corporation (NYSE:RTX) during Q2, holding 8.4 million of its shares worth $808.3 million. Hedge fund sentiment around Raytheon Technologies Corporation (NYSE:RTX) has decreased in the second quarter of 2022, with 45 hedge funds long the stock, compared to 51 in Q1 2022. Balyasny Asset Management holds 2.3 million shares of Raytheon Technologies Corporation (NYSE:RTX), valued at $226.017 million.

In its Q1 2022 investor letter, Carillon Eagle Growth & Income Fund mentioned Raytheon Technologies Corporation (NYSE:RTX) and explained its insights for the company. Here is what the fund said:

Raytheon (NYSE:RTX) outperformed along with other defense contractors on rising geopolitical concerns. Military sales account for more than half of revenue. Key franchise programs include the Patriot Missile and F-35 engine, which have provided visible support through most of the decade.”

You can also take a peek at Top 10 Stock Picks of Roberto Mignone’s Bridger Management and Top 10 Stock Picks of John Hempton’s Bronte Capital.

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