5 Best Stocks to Invest in Today According to Billionaire Michael Hintze

2. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 21

Percentage of CQS Cayman LP’s 13F holdings: 3.34%

CQS Cayman LP’s Stake Value: $53.3 million

BHP Group (NYSE:BHP) ranks next on the list of the best stocks to invest in today according to billionaire Michael Hintze. It is an Australian energy company which explores for and mines oil, gas, coal, copper, uranium, and other natural resources around the world. Michael Hintze recently upped his stake in the firm by 62% to consist of roughly 886,000 shares valued at $53.3 million in the fourth quarter. In comparison, the billionaire held almost 550,000 shares of BHP Group (NYSE:BHP) a quarter ago.

On April 21, Citi analyst Ephrem Ravi upgraded BHP Group (NYSE:BHP) to ‘Buy’ from ‘Neutral’, and increased the price target to £3,200 from £2,750. The analyst believes the firm’s cash flow generation has increased significantly and is too good to ignore, and also expects iron ore prices to stay higher for longer.

As of the fourth quarter, 21 out of the 924 hedge funds tracked by Insider Monkey were long BHP Group (NYSE:BHP) with combined stakes worth $1 billion. This shows a positive trend from the quarter before where 18 hedge funds reported owning $899 million worth of positions in BHP Group (NYSE:BHP).