5 Best Stocks to Buy Now According to Billionaire Thomas Steyer

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1. IQVIA Holdings Inc. (NYSE:IQV)

Farallon Capital’s Stake Value: $697 million

Percentage of Farallon Capital’s 13F Portfolio: 4.29%

Number of Hedge Fund Holders: 53

IQVIA Holdings Inc. (NYSE:IQV) is a data analytics and research solutions provider to the healthcare industry. The firm serves clients in North and South America, Europe, Africa, and the Asia Pacific region. It is headquartered in Durham, North Carolina, the United States.

Farallon Capital owned 3.2 million IQVIA Holdings Inc. (NYSE:IQV) shares as part of its Q2 2022 holdings. These allowed it to own a $697 million stake in the company. For the same time period, an Insider Monkey survey of 895 hedge funds showed that 53 had also bought IQVIA Holdings Inc. (NYSE:IQV)’s shares.

IQVIA Holdings Inc. (NYSE:IQV) posted a 7% annual revenue growth for its second fiscal quarter, which saw the company rake in $3.5 billion in revenue. This let the firm post $1.5 billion in free cash flow on a trailing twelve month basis, for a strong FCF return on equity of 29%.

IQVIA Holdings Inc. (NYSE:IQV)’s largest investor in our database after Farallon Capital is William Von Mueffling’s Cantillon Capital Management which owns 1.5 million shares that are worth $341 million.

Disclosure: None. You can also take a look at 10 Best Long-Term Stocks to Buy Now and 10 Long-Term Stocks to Buy According to Billionaire Mario Gabelli.

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