5 Best Stocks to Buy According to Billionaire Paul Tudor Jones

2. Materials Select Sector SPDR Fund (NYSEARCA:XLB)

Value: $166.77 million
Shares: 1.69 million
Percentage of 13F Portfolio: 3.34%

Materials Select Sector SPDR Fund (NYSE:XLB) is an exchange-traded fund managed by SSGA Funds Management, Inc. The fund focuses on the public equity markets in the US and invests in growth and value stocks. It ranks 2nd on our list of the best stocks to buy according to billionaire Paul Tudor Jones.

Materials Select Sector SPDR Fund (NYSE:XLB) had 47.83% in price returns over the past year, versus the S&P 500’s 35.17%, and 50.72% in total returns versus the S&P 500’s 10.4%. As of this year, the exchange-traded fund has $9.85 billion in assets under management, and it has gained 16.76% in the past 6 months plus 17.07% year to date.

As of the end of March, 16 funds tracked by Insider Monkey are bullish on Materials Select Sector SPDR Fund (NYSE:XLB), holding in aggregate $169 million worth of shares.