5 Best Stocks to Buy According to Billionaire Paul Tudor Jones

In this piece, we will take a look at the five best stocks to buy according to billionaire Paul Tudor Jones. To learn about the billionaire hedge fund boss, his trading history, and current strategy, check out 12 Best Stocks to Buy According to Billionaire Paul Tudor Jones.

5. RTX Corporation (NYSE:RTX)

Tudor Investment’s Q2 2023 Investment: $38.3 million

RTX Corporation (NYSE:RTX), formerly known as Raytheon, is one of the biggest defense contractors in America. The firm scored a big win in November 2023 when a Pentagon agency awarded its business division with a $870 million engine contract.

For their shareholdings during 2023’s June quarter, 56 out of the 910 hedge funds profiled by Insider Monkey were the firm’s investors. RTX Corporation (NYSE:RTX)’s largest stakeholder during the September quarter was Ken Fisher’s Fisher Asset Management as it held a $681 million stake.

4. Microsoft Corporation (NASDAQ:MSFT)

Tudor Investment’s Q2 2023 Investment: $61 million

Microsoft Corporation (NASDAQ:MSFT) is one of the biggest technology companies in the world. These days, its relationship with ChatGPT’s maker OpenAI is under quite a bit of strain as ChatGPT’s board suddenly ousted its CEO Sam Altman – a decision that hasn’t reportedly sat well with Microsoft Corporation (NASDAQ:MSFT) and its CEO Satya Nadella.

As of Q2 2023 end, 300 out of the 910 hedge funds polled by Insider Monkey had bought and owned Microsoft Corporation (NASDAQ:MSFT)’s shares. In Q3, the biggest investor was Michael Larson’s Bill & Melinda Gates Foundation Trust due to its $12 billion investment.

3. VMware, Inc. (NYSE:VMW)

Tudor Investment’s Q2 2023 Investment: $78.2 million

VMware, Inc. (NYSE:VMW) is a technology company that provides analytics and infrastructure security products and services. Its long pending merger with Broadcom received a slight boost in November as investors hoped for Chinese approval after President Biden met with his Chinese counterpart.

By the end of Q2 2023, 70 out of the 910 hedge funds profiled by Insider Monkey had bought a stake in VMware, Inc. (NYSE:VMW). In the subsequent quarter, Jim Davidson, Dave Roux, and Glenn Hutchins’s Silver Lake Partners was the firm’s biggest stakeholder as it owned 42 million shares that are worth $7 billion.

2. Splunk Inc. (NASDAQ:SPLK)

Tudor Investment’s Q2 2023 Investment: $168 million

Splunk Inc. (NASDAQ:SPLK) is a cloud computing company headquartered in San Francisco, California. The firm is currently on track to be acquired by the communications giant Cisco, and the deal moved forward in November after an anti trust law waiting period expired.

Insider Monkey dug through 910 hedge fund portfolios during June 2023 and found 50 Splunk Inc. (NASDAQ:SPLK) shareholders. Matthew Halbower’s Pentwater Capital Management was the biggest shareholder in Q3, courtesy of its $370 million stake.

1. Seagen Inc. (NASDAQ:SGEN)

Tudor Investment’s Q2 2023 Investment: $248 million

Seagen Inc. (NASDAQ:SGEN) is an American biotechnology company that is developing cancer treatments. Its shares are rated Buy on average and analysts have set an average share price target of $228.

By the end of this year’s second quarter, 66 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Seagen Inc. (NASDAQ:SGEN).

Disclosure: None. You can also take a look at 11 Undervalued Insurance Stocks To Buy Now and 15 Stocks George Soros Just Bought and Sold.

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