A hedge fund called Discovery Capital Management makes investments in developing markets. Rob Citrone, who has an estimated personal net worth of $1.1 billion, concentrates on long-short equity and global macro strategies. He worked for Julian Robertson’s Tiger Management, making him a Tiger Cub. With investments concentrated in the healthcare, transportation, utility, information technology, financial, energy, and consumer discretionary sectors, Rob Citrone’s hedge fund managed a 13F portfolio worth $1.16 billion. Long wagers on the Polish, Czech, and Hungarian currencies, according to Rob Citrone in November 2021, have the strongest risk-reward ratio. Citrone claimed that the Chinese government’s priorities at the moment are power over economic growth. The billionaire is concerned about both his exposure to the market and the overall state of the world’s supply systems. He has several short Chinese equity wagers in addition to one of his largest positions, which is shorting the Chinese Yuan.
Insider Monkey highlighted the 10 stocks that billionaire Rob Citrone is selling. Electric car maker Rivian Automotive, Inc. produces these vehicles. Amazon.com and the company’s Rivian Commercial Vehicle platform work together to offer electric delivery vans. In the first quarter of 2022, Discovery Capital Management sold the entirety of its interest. A retail company with its headquarters in New York, Macy’s, Inc., provides both in-person and online shopping. The business sells clothing, cosmetics, furniture for the home, and other consumer items. For the department store sector, an analyst reduced her average FY22 predictions by 16 percent. Located in New York, MongoDB, Inc. creates the open-source MongoDB platform, a NoSQL database. In the third quarter of 2021, Discovery Capital Management added 15,171 shares worth $7.15 million to its holdings. In the first quarter of 2022, Rob Citrone sold all of his Micron Technology, Inc. shares. The investment consisted of 202,743 shares with an $18.8 million market value. He claimed that despite worsening market conditions, the stock had increased. In Q4 2021, Discovery Capital Management, run by Rob Citrone, held 344,500 Pfizer Inc. shares worth $20.3 million, or 1.52 percent of all 13F holdings. The investment was given up by the billionaire in the first quarter of 2022. For more details, click 10 Stocks That Billionaire Rob Citrone Is Selling.