5 Best Stocks to Buy Now According to British Billionaire Chris Hohn

In this article, we discuss the 5 best stocks to buy now according to British billionaire Chris Hohn. If you want to read our detailed analysis of Chris Hohn’s investment philosophy, hedge fund returns and history, go directly to 12 Best Stocks to Buy Now According to British Billionaire Chris Hohn.

5. Canadian National Railway Company (NYSE:CNI)

TCI Fund Management’s Stake Value: $4.51 billion

Percentage of TCI Fund Management’s 13F Portfolio: 10.15%

Number of Hedge Fund Holders: 42

Then there’s Canadian National Railway Company (NYSE:CNI), in which TCI Fund Management is the largest Q4 2021 shareholder, owning 36.7 million shares worth $4.51 billion which amounted to a 10.15% slice of its total holdings. The firm deals in the rail and transportation business in Canada, and also offers a stable yield of 1.85% as of April 22.

JPMorgan analyst Brian Ossenbeck on April 8 maintained a ‘Neutral’ rating on Canadian National Railway Company (NYSE:CNI) shares, and decreased the price target to C$159 from C$171 on the back of truckload conditions considerably deteriorating in the first half of March. Earnings per share were recorded at $1.35 in the fourth quarter for Canadian National Railway Company (NYSE:CNI), which beat consensus estimates by $0.15. $2.97 billion in quarterly revenue was also above analysts’ forecasts by $78.36 million.

Out of all the hedge funds tracked by Insider Monkey, 42 reported holding stakes in Canadian National Railway Company (NYSE:CNI) during the fourth quarter with a combined value of $7.7 billion. The same number of hedge funds were long on the company shares a quarter ago as well.