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10 Large-Cap Stocks to Buy According to Billionaire Richard Chilton

In this article, we discuss the 10 large-cap stocks to buy according to billionaire Richard Chilton. If you want to skip our detailed analysis of Chilton’s history, investment philosophy, and hedge fund performance, go directly to the 5 Large-Cap Stocks to Buy According to Billionaire Richard Chilton.

Richard Chilton was born in New Jersey, America, and has worked with Merrill Lynch, Alliance Capital, and Allen & Company. Chilton graduated from the business school at Alfred University in Western New York, in 1980. In 1992, he founded his hedge fund Chilton Investment Company.

Richard Chilton’s hedge fund’s 13F portfolio value stood at $3.6 billion as of the end of the second quarter.

               

Our Methodology

In this article, we picked 10 large-cap stocks from the second quarter portfolio of Richard Chilton.

10. JPMorgan Chase & Co. (NYSE:JPM)

   Richard Chilton’s Stake Value: $1.6M
 

JPMorgan Chase & Co. (NYSE: JPM) is an America-based multinational investment bank and financial services holding company. It is headquartered in New York City and is incorporated in Delaware. On October 7, 2022, JPMorgan Chase & Co. (NYSE: JPM) made partnership with DoorDash Inc (NYSE:DASH) to launch a credit card, with Mastercard acting as the exclusively payments network. According to a press release, this DoorDash Rewards Mastercard will provide benefits and rewards to the customers.

Chilton Investment Company owned 13,838 shares of JPMorgan Chase & Co. (NYSE: JPM) in the second quarter of 2022, worth $1.6 million.

On October 4, 2022, Citibank analyst Keith Horowitz gave a positive rating on JPMorgan Chase & Co. (NYSE:JPM). The analyst sees JPMorgan Chase & Co. (NYSE:JPM)  at ease for a Q3 top-line beat, which would lead the stock’s performance to upward revisions on full-year guidance and have a better run-rate in 2023.

9. NVIDIA Corporation (NASDAQ:NVDA)

     Richard Chilton’s Stake Value: $652,000

NVIDIA Corporation (NASDAQ: NVDA) is an American multinational technology company with headquarter in Santa Clara, California. The firm is a software and hardware company that designs Graphics Processing Units (GPUs), Application Programming interfaces (APIs), high-performance computing, and system on a chip units (SoCs). The company is a global leader in Artificial Intelligence and has a large presence in the gaming industry.

On October 12, Citi analyst Atif Malik reduced the firm’s price target on NVIDIA Corporation (NASDAQ:NVDA) from $248 to $210 while holding a ‘Buy’ rating on the shares. The analyst decreased estimates for the cloud data-centric semis, but his supply chain discussions indicate that cloud computing demand will remain 15%-20% above supply in the U.S. 

Chilton Investment Company cut its stake by 52% in the chips company. As of the end of the second quarter, it owns just 4,300 shares of the company.

8. Visa Inc. (NYSE:V)

   Richard Chilton’s Stake Value: $7.7M
 

Visa Inc. (NYSE: V) is an America-based multinational financial services corporation. The company is headquartered in Foster City, California, USA. Visa Inc. (NYSE:V) facilitates global fund transactions through Visa-branded credit cards, debit cards, and prepaid cards. Visa Inc. has a significant value in the global transaction companies.

 Chilton Investment company owned 39,000 shares in Visa Inc. (NYSE:V) as of the end of the second quarter. The worth of these shares was $7.7 million.

David Koning from W. Baird issued a report on June 1 on the rating of Visa Inc. (NYSE: V). He kept a Buy rating due to the company’s resilience in the recession period.

On October 6, 2022, TD Securities, a division of TD Bank (NYSE: TD), joined cross-border business-to-business payment network run by payment giant Visa Inc. (NYSE:V).

7. UnitedHealth Group Incorporated (NYSE:UNH)

Richard Chilton’s Stake Value: $31.4M
    

UnitedHealth Group Incorporated (NYSE: UNH) is an American multinational diversified health care and the insurance company. The firm, being the world’s 8th largest company by revenue, operates Optum Health, Optum Insight, Optum Rx, and UnitedHealthcare platforms.

Based upon the Q2 performance and growth expectations, UnitedHealth Group Incorporated (NYSE: UNH) boosted its full-year net earnings outlook to $20.45 to $20.95 per share and adjusted net earnings to $21.40 to $21.90 per share. The stock’s growth balanced in the second quarter across all its businesses, especially due to the large expansion of people served at UnitedHealth Group Incorporated (NYSE: UNH) and in value-based arrangements at Optum Health. 

Chilton Investment Company owned a $31.4 million stake in the company as of the end of the second quarter.

 Loop Capital analyst Joseph France put UnitedHealth Group Incorporated (NYSE: UNH) on a Buy rating with a price target of $575. He said the firm is prominent and well-positioned in commercial and government benefit markets and believes that the company’s industrial leadership and innovative technology hold ‘major’ competitive advantages.

6. Johnson & Johnson (NYSE:JNJ)

      Richard Chilton Stake Value: $2.04M
     

Johnson & Johnson (NYSE: JNJ), founded in 1886, is an American multinational holding company that works in the research and development, manufacture, and sale of many products in the healthcare field. The company is headquartered in New Brunswick, New Jersey.

 Billionaire Richard Chilton’s hedge fund owned 11,518 shares of Johnson & Johnson (NYSE: JNJ) in the second quarter of 2022. The total worth of these shares was $2.04 million.

On Sep 28, 2022, Johnson & Johnson (NYSE: JNJ) announced that the company has expanded its access to the use of myopia lenses with FDA approval of lens parameter expansion and the large availability in North America.

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Disclosure: None. 10 Large-Cap Stocks to Buy According to Billionaire Richard Chilton is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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