14. Daniel OchTop Pick: Liberty Media Corporation (NASDAQ:FWONK)
Daniel Och ranks among the richest hedge fund managers in the world. Liberty Media Corporation (NASDAQ:FWONK) is Daniel Och’s largest holding, accounting for 4.79% ($465.3 million) of the billionaire’s total portfolio.
On May 8, Bernstein SocGen Group raised its price target for Liberty Media Corporation (NASDAQ:FWONK) to $115 from $110 while keeping a Market Perform rating on the company’s shares. The firm also raised its Formula 1 sponsorship growth projections for 2026 to the high teens from the mid-teens.
The firm increased the cost of goods sold for Formula 1 and MotoGP and passed on additional income due to increased fuel costs, which had little effect on EBITDA. In its discounted cash flow methodology, Bernstein SocGen raised its long-term revenue growth projections by 50 basis points.
Meanwhile, according to Liberty Media Corporation (NASDAQ:FWONK), Formula 1 brought in $617 million in income during the first quarter of 2026, a 53% increase over the same period the previous year, despite the postponement of the Bahrain and Saudi Arabian Grands Prix. Similarly, operating income increased substantially to $107 million from a $28 million loss in the first quarter of 2025, while Adjusted OIBDA doubled to $172 million.
Liberty Media Corporation (NASDAQ:FWONK) is an American mass media company. It has two divisions, each represented by a separate tracking stock, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment.
13. David Tepper
Top Pick: Alibaba Group Holding Limited (NYSE:BABA)
David Tepper ranks among the richest hedge fund managers in the world. Alibaba Group Holding Limited (NYSE:BABA) is David Tepper’s largest holding, accounting for 10.88% of the billionaire’s total portfolio.
On May 14, Benchmark reaffirmed its Buy rating on Alibaba Group Holding Limited (NYSE:BABA) and set a $220 price target on the company’s shares. The firm noted that Alibaba’s fourth-quarter fiscal 2026 earnings were roughly in line with estimates, though short of consensus. The company achieved favorable results in three critical areas: AI and cloud growth, rapid commerce loss, and group-wide profitability.
Given robust enterprise demand, AI-related revenue grew at triple digits, and external AI cloud revenue surged to roughly 40% year-over-year. As the company expands its machine learning-as-a-service and agentic AI solutions, management looks forward to significant margin expansion in the upcoming quarters.
Alibaba Group Holding Limited (NYSE:BABA) also noted a clear path to breakeven for rapid commerce, with unit economics turning green by the end of the fiscal year and losses expected to be cut in half over the next two years. At the same time, Benchmark predicts a 35%-plus EBITA compound annual growth rate for Chinese e-commerce.
Alibaba Group Holding Limited (NYSE:BABA) is a Chinese technology company that provides e-commerce platforms, logistics, payments, and technology infrastructure. Founded in 1999, the company operates several businesses, including Taobao and Tmall, 1688.com, AliExpress, and Daraz.
