Billionaire Stephen Mandel’s Top Long-Term Picks

#3 Visa Inc (NYSE:V)

Shares held (as of September 30): 9.77 million
Total Value (as of September 30): $680.54 million
Percent of Portfolio (as of September 30): 2.77%

Visa Inc (NYSE:V) recently raised $16 billion to finance the company’s $23.3 billion acquisition of Visa Europe Ltd in a deal that will help Visa unify its brand and contribute to its earnings. Both equity and bond investors are optimistic after the capital raise and Visa shares are up 17% year-to-date, while the company’s 30-year bonds trade for only 1.32 percentage points higher than similarly-dated Treasury bonds. Warren Buffett’s Berkshire Hathaway has a holding of 9.89 million shares of Visa as of the end of the third quarter.

#2 Equinix Inc (NASDAQ:EQIX)

Shares held (as of September 30): 2.65 million
Total Value (as of September 30): $724.72 million
Percent of Portfolio (as of September 30): 2.95%

With almost two-thirds of internet traffic data center-related and more people using the internet than ever before, data center demand has skyrocketed. Given that Equinix Inc (NASDAQ:EQIX) is a REIT that provides data center services to connect and protect information assets of corporations all around the world, it’s not surprising that Equinix shares have also been red-hot. Shares of the stock have gained 36% year-to-date and could have some additional upside, as the analysts at SunTrust have a ‘Buy’ rating and $345 price target.