In this article, we discuss 5 best stocks to buy in 2022 according to billionaire Paul Tudor Jones. If you want to see more of the billionaire’s top holdings, click 10 Best Stocks to Buy in 2022 According to Billionaire Paul Tudor Jones.
5. Starz Acquisition Llc (NASDAQ:STRZA)
Tudor Investment Corp’s Stake Value: $43,718,000
Percentage of Tudor Investment Corp’s 13F Portfolio: 1.02%
Number of Hedge Fund Holders: N/A
Lions Gate Entertainment Corp. (NYSE:LGF-A) in 2016 acquired Starz Acquisition Llc (NASDAQ:STRZA), an entertainment and media company. In the first fiscal quarter of 2022, billionaire Paul Tudor Jones’ Tudor Investment Corp boosted its stake in Starz Acquisition Llc (NASDAQ:STRZA) by 19%, holding 956,000 shares worth $43.7 million.
In Q1 2022, Warren Buffett’s Berkshire Hathaway reported owning 43.20 million shares of Starz Acquisition Llc (NASDAQ:STRZA), worth about $2 billion. Warren Buffett’s hedge fund is the leading shareholder of the company.
4. American National Group, Inc. (NASDAQ:ANAT)
Tudor Investment Corp’s Stake Value: $44,015,000
Percentage of Tudor Investment Corp’s 13F Portfolio: 1.03%
Number of Hedge Fund Holders: 21
American National Group, Inc. (NASDAQ:ANAT) is a Texas-based provider of insurance, annuities, and pension products in the United States, the District of Columbia, and Puerto Rico. The company announced a Q1 non-GAAP EPS of $2.97 on May 4. Paul Tudor Jones revealed a $44 million stake in the company as of Q1 2022, representing 1.03% of the total 13F investments.
According to Insider Monkey’s Q1 database, 21 hedge funds held positions in American National Group, Inc. (NASDAQ:ANAT), with collective stakes worth $262 million, compared to 23 funds in the earlier quarter, holding stakes in the company valued at $177.8 million. In the first quarter of 2022, Israel Englander’s Millennium Management disclosed a leading stake in American National Group, Inc. (NASDAQ:ANAT), comprising 251,527 shares worth $47.5 million.
3. Airbnb, Inc. (NASDAQ:ABNB)
Tudor Investment Corp’s Stake Value: $47,427,000
Percentage of Tudor Investment Corp’s 13F Portfolio: 1.11%
Number of Hedge Fund Holders: 66
Airbnb, Inc. (NASDAQ:ABNB) is a California-based travel technology company that offers vacation rentals and experiences to guests worldwide. Tudor Investment Corp increased its Airbnb, Inc. (NASDAQ:ABNB) stake by 3% in Q1, holding 276,124 shares worth $47.4 million. It is one of the best stocks to buy in 2022 according to billionaire Paul Tudor Jones.
On May 11, Baird analyst Colin Sebastian reiterated an Outperform rating and a price target of $210 on Airbnb, Inc. (NASDAQ:ABNB) shares. He believes that recent customer-focused changes announced by the company have the ability to boost traffic and conversion rates on the app and website. The analyst believes the improvements to the application and platform are another step in the right direction, in order to increase use cases and expand market share. With AirCover for guests, Airbnb, Inc. (NASDAQ:ABNB) should be more attractive for users who are reluctant to book vacation rentals, he added.
Among the hedge funds tracked by Insider Monkey, 66 funds were bullish on Airbnb, Inc. (NASDAQ:ABNB) at the end of Q1 2022, up from 63 funds in the last quarter. Jim Simons’ Renaissance Technologies reported a prominent position in the company, consisting of 3.40 million shares worth $584.6 million.
Here is what Tollymore Investment Partners has to say about Airbnb, Inc. (NASDAQ:ABNB) in its Q3 2021 investor letter:
“Today disruptors are not typically seeking to replace incumbents entirely. Rather, they break the links in the customer journey, in doing so better aligning monetisation with value creation and minimizing externalities. For example, Airbnb broke the link between staying in residential property and owning it. Airbnb is a specific example of a business model innovation which separated asset use from ownership. This is hardly a novel idea; it’s called renting. Rental models lend themselves to assets which are expensive and durable, and where usage is infrequent.”
2. Anaplan, Inc. (NYSE:PLAN)
Tudor Investment Corp’s Stake Value: $89,236,000
Percentage of Tudor Investment Corp’s 13F Portfolio: 2.08%
Number of Hedge Fund Holders: 47
Anaplan, Inc. (NYSE:PLAN) is an American cloud-based planning platform that enables organizations and users to connect remotely. The platform is used by the banking, capital markets, consumer products, healthcare, insurance, life sciences, media, professional services, retail, technology, telecom, and transportation industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Securities filings for Q1 2022 reveal that billionaire Paul Tudor Jones’ Tudor Investment Corp boosted its Anaplan, Inc. (NYSE:PLAN) stake by 4692%, holding 1.3 million shares worth $89.2 million, representing 2.08% of the total 13F securities.
On May 2, JMP Securities analyst Patrick Walravens downgraded Anaplan, Inc. (NYSE:PLAN) to Market Perform from Outperform without a price target. Thoma Bravo, an American private equity firm, agreed to acquire the company for $66 per share.
According to the Q1 2022 database of Insider Monkey, 47 hedge funds held long positions in Anaplan, Inc. (NYSE:PLAN), with collective stakes amounting to $2.4 billion. Sculptor Capital held the largest stake in the company in the first quarter of 2022, with 5.30 million shares worth $344.8 million.
Here is what Alger Mid Cap Focus Fund has to say about Anaplan, Inc. (NYSE:PLAN) in their Q1 2021 investor letter:
“Anaplan, Inc. was among the top detractors from performance. Anaplan is a leading provider of cloud-based business planning software. Anaplan’s software platform aims to solve the most complex planning needs of large global enterprises across various business lines. Unlike traditional business planning software, which is often rigid, siloed and opaque, Anaplan’s platform is designed to enable broader enterprise participation and better workforce collaboration during the business planning process. Through better planning, large enterprises can more effectively allocate resources to cut costs and generate revenue. Today Anaplan has over 1,600 customers across a variety of end markets and business use cases.
Anaplan shares underperformed in the first quarter as part of a broader sector rotation as high-growth software stocks fell out of favor relative to more cyclically exposed investment opportunities. We believe Anaplan’s focus on growth over near-term profit generation negatively impacts the company’s stock in a rising interest rate environment.
Fundamentally, Anaplan had strong fourth quarter earnings result, with the company seeing an acceleration of billings growth and a strong demand pipeline as companies realize the need for a more flexible digital planning solution.”
1. Cerner Corporation (NASDAQ:CERN)
Tudor Investment Corp’s Stake Value: $102,502,000
Percentage of Tudor Investment Corp’s 13F Portfolio: 2.40%
Number of Hedge Fund Holders: 64
Cerner Corporation (NASDAQ:CERN) provides healthcare information technology solutions in the United States and internationally. Paul Tudor Jones boosted his Cerner Corporation (NASDAQ:CERN) stake by 522% in Q1 2022, holding a total of 1.09 million shares worth $102.5 million, representing 2.40% of the overall portfolio. Cerner Corporation (NASDAQ:CERN) is the largest holding in Tudor Investment Corp’s portfolio.
Cerner Corporation (NASDAQ:CERN) posted Q1 financial results on May 3, reporting an EPS of $0.89, beating estimates by $0.02. The $1.43 billion revenue, however, fell short of analysts’ estimates by $42.21 million.
Oracle Corporation (NYSE:ORCL) plans to purchase Cerner Corporation (NASDAQ:CERN) for $28 billion and a petition has been filed with the European Commission, with a provisional deadline of June 1. Argus analyst Jasper Hellweg on April 11 downgraded Cerner Corporation (NASDAQ:CERN) to Hold from Buy.
According to Insider Monkey’s Q1 data, 64 hedge funds were bullish on Cerner Corporation (NASDAQ:CERN), up from 61 funds in the prior quarter. In the first quarter of 2022, John Overdeck and David Siegel’s Two Sigma Advisors reported owning 4.35 million shares of Cerner Corporation (NASDAQ:CERN), worth $407 million.
Here is what Cooper Investors Global Equities Fund (Hedged) has to say about Cerner Corporation (NASDAQ:CERN) in their Q1 2021 investor letter:
“The investment in Cerner, made just over a year ago, was based on what we perceived to be a Low-Risk Turnaround opportunity as a refreshed management team sought to increase margins, reduce capex and utilize balance sheet latency with buybacks and acquisitions. Taking account of the tough 2020 for Cerner’s hospital client base the company did a reasonable job executing on these initiatives. However, moving into 2021 more recent observations around intentionality and focus led to a reassessment of the investment proposition, particularly relative to the portfolio’s other technology and software investments.”
You can also take a look at 10 Favorite Stocks of Dan Loeb’s Third Point and 10 Favorite Stocks of Billionaire Izzy Englander.
