Billionaire Lee Ainslie’s Top 5 Stock Picks


Today we are going to check out billionaire Lee Ainslie’s favorite stock picks, based on Insider Monkey’s latest article. Lee Ainslie is a 56 year-old American value investor who founded Maverick Capital in 1993. The fund owned more than $6 billion in managed securities at the end of 2020. Applied Materials, Inc. ranks fifth on his list with a total value of $268,853,000, 61 long hedge fund holders and $104 billion of market cap. The company means 4.3% of his 13F portfolio. The semiconductor company’s shares boosted by 117% during the past twelve months. According to Insider Monkey, “RBC recently upped its price target for Applied Materials from $95 to $140, citing upbeat quarterly results and the company’s bullish guidance of $70 billion value for the wafer front-end market.  Financial services firm KeyBanc also increased its price target for the company from $104 to $144.” In the third quarter there were 59 long hedge funds in the company, that grew up by 61 fund during the fourth quarter of 2020. The largest stakeholder is the Generation Investment Management with owning 5.2 million shares at a value of $452 million. Applied Materials, Inc. is followed by Seer Inc on the fourth spot with a total value of $279,201,000 and 14 long hedge fund holders. The company means 4.5% of his 13F portfolio. Seer is headquartered in California and became public not so long ago, in December 2020. The company is involved in innovative technologies related to genomics. DuPont de Nemours, Inc. stands on the second spot on Ainslie’s list with a total value of $346,036,000 and 60 long hedge fund holders. The company means 5.5% of his 13F portfolio. The company’s latest share buyback program reaches $1.5 billion, and is projected to end On June 30, 2020. During the past year, the shares of DuPont grew 106%. According to Insider Monkey’s track, the number of long hedge funds went down in the fourth quarter of 2020, as in the third quarter there were 61 funds. 40 North Management is the largest stakeholder in the company with having 20.3 million shares at a value of $1.4 billion. DuPont is reported to merge its its Nutrition and Bioscience business with International Flavors and Fragrances in early 2021. If you are interested in more information about billionaire Lee Ainslie’s top 5 stock picks, please click and jump to see the entire original article.