5 Best Stocks to Buy Now According to Billionaire Jeffrey Talpins

04. CME Group Inc. (NASDAQ:CME)

Element Capital’s Stake Value: $6.141 million

Percentage of  Element Capital’s 13F portfolio: 3.08%

Number of  Hedge Fund Holders: 56

Based in Illinois CME Group Inc. (NASDAQ:CME) is one of the biggest exchanges for financial derivatives in the world. As of the end of Q2 2022, Element Capital owned $6.141 million worth of shares, accounting for 3.08% of the fund’s 13F portfolio. As a result, CME Group Inc. (NASDAQ:CME) is ranked #4 in our list of Talpins’s top stock picks.

On September 6, analyst Gautam Sawant of Credit Suisse maintained a Neutral rating on the shares of CME Group while lowering his price target on the stock from $216 to $210. According to Insider Monkey’s Q2 2022 database, CME Group Inc. (NASDAQ:CME) was owned by 56 hedge funds. These holdings had a combined worth of almost $2.74 billion. GuardCap Asset Management has the largest investment in the company during Q2, with a holding of around $858.72 million.

In its Q1 2022 investor letter, Baron Durable Advantage Fund mentioned CME Group Inc. (NASDAQ:CME) and explained its insights for the company. Here is what the fund said:

“CME Group, Inc. (NASDAQ:CME) operates the world’s largest and most diversified derivatives marketplace. Shares rose 4.6%, contributing to results as elevated market volatility and rising interest rates led to higher trading activity on CME’s exchanges. Average daily trading volume increased 19% year-over-year with notable strength in Interest Rates and Equities products. We continue to own the stock due to CME’s strong competitive moats, underpinned by its product breadth and liquidity depth, as well as its sustainable growth characteristics driven by the secular shift from uncleared over-the-counter trading to exchange-traded futures while also benefiting from the rising rate environment.”