Top 5 Stocks to Buy According to Billionaire Investor Chris Rokos

1. salesforce.com, inc. (NYSE:CRM)

Value of Rokos Capital’s 13F Position: $60.21 million

Number of Hedge Fund Shareholders: 113

Topping the list of stocks to buy now according to billionaire investor Chris Rokos is salesforce.com, inc. (NYSE:CRM), which became the fund’s top long equity position in Q4 one quarter after Rokos first took a large stake in the company. Hedge fund ownership of CRM rose by 13% in 2021.

salesforce.com, inc. (NYSE:CRM) has a dominant position in the customer relationship management industry, capturing more market share (23.9%) in the first half of 2021 than its four largest competitors combined. Salesforce has been the industry leader for eight years running and expects to double revenue over the next four years to $50 billion. There are signs of strong and growing demand for its services among the company’s partners over the next two years, which should eventually push shares well above current levels.

Polen Capital’s Polen Focus Growth downplayed some of the fears surrounding salesforce.com, inc. (NYSE:CRM)’s MuleSoft weakness and the company’s guidance in its Q4 2021 investor letter:

“Salesforce reported solid revenue growth, including accelerated growth in the company’s largest and most mature product, Sales Cloud. However, shares underperformed due to unexpected weakness in the company’s MuleSoft application integration business that we believe is attributable to temporary missteps in the company’s selling efforts. The company also provided slightly weak guidance for billed but not earned business growth. In our experience, this metric can be influenced by timing issues and is often not fully representative of underlying demand for the company’s offerings.”

For more on the latest trades made by some of the biggest hedge fund managers in the world, check out 10 Best Small Cap Stocks To Buy for 2022 and 10 EV Charging Stocks to Buy Now.

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