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$5 Billion Hedge Fund Skye Global’s Top 15 Stock Picks

In this article, we will be taking a look at the $5 billion hedge fund Skye Global’s top 15 stock picks. To skip our detailed analysis of the hedge fund Skye Global, you can go directly to see the $5 Billion Hedge Fund Skye Global’s Top 5 Stock Picks.

Rarely does a 28-year-old succeed in raising $75 million to start a hedge fund and become one of the most successful money managers. That is the success story of Jamie Sterne, who has flexed his muscle in the highly competitive industry and made his name as one of the most revered hedge fund managers on Wall Street.

Before launching Skye Global Management in 2016, Sterne had previously worked in well-known funds, including Dan Loeb’s iconic Third Point. Sterne would eventually use the equity research experience earned at the firm over a two-year period to propel Skye Global into one of the most followed hedge funds. The Harvard University graduate had also previously worked as a macroeconomic analyst at Greenmantle and as a long-short equity analyst at BeaconLight Capital.

By investing in exceptional businesses with a durable competitive edge and shorting stocks that were susceptible to the pandemic, Sterne generated a 34% gain in the first six months of 2020.

While managing about $1.5 billion, Sterne profited on betting against stocks as markets slumped amid fears over the economic damage caused by coronavirus as it was starting. In addition, Skye Global also ended up generating significant returns on betting on large internet and software stocks that exploded amid a technology-led rally.

The long/short hedge fund held positions in Microsoft, Amazon, Alphabet, and Facebook that rallied as the Federal Reserve cut interest rates to try and caution the economy amid the pandemic. Skye Global’s impressive market performance stems from buying stocks whose cash flows may be understated because of future pricing power.

For the five years through 2021, Skye Global generated annualized returns of 50%. Nevertheless, 2022 has been challenging for Skye Global since its inception. The hedge fund was down by about 35% in the year’s first half as the overall equity market remained under pressure. The Federal Reserve embarking on aggressive monetary policy tightening sent jitters in the markets, with the S&P 500 dropping 20% over the same period.

Skye Global Management’s outlook on the overall stock market has improved significantly after the tumultuous 2022. The hedge fund recouped a significant chunk of the losses accrued in 2022 by rallying by about 21% in the first quarter as tech stocks exploded on the expectation that the Fed would start cutting interest rates at year’s end. The hedge fund also gained 7.8% in the second quarter, keeping up with the bullish momentum in the market. The strong performance continued into the third quarter even as the overall market remained under pressure, with the S&P 500 pulling back by about 3.7%. Skye Global gained about 9.5% in the third quarter, bringing its year-to-date gains to 60.8%, better than the 17% gain of the S&P 500.

Our Methodology

After analyzing the hedge fund’s 13F Fillings, we have settled on the top 15 stock holdings spanning multiple sectors.

Hedge Fund Skye Global Management’s Top 15 Stock Picks

15. Chipotle Mexican Grill Inc. (NYSE:CMG)

Skye Global Management’s Equity Stake: $19.23 million

Year-to-date gain: 62%

Number of Hedge Fund Investors in Q3 2023: 57

Chipotle Mexican Grill Inc. (NYSE:CMG) is a consumer chemical company that owns and operates restaurants across the US. The company offers burritos, bowls, quesadillas, tacos, and salads. It’s been one of the best-performing stocks in Skye Global portfolio, going by the 62% year-to-date gain.

According to Insider Monkey’s third quarter database, 57 hedge funds were long Chipotle Mexican Grill Inc. (NYSE:CMG), compared to 55 funds in the earlier quarter. Bill Ackman’s Pershing Square is the largest stakeholder of the company, with 953,608 shares worth $1.75 billion.

14. General Electric Company (NYSE:GE)

Skye Global Management’s Equity Stake: $27.47 million

Year-to-date gain: 84%

Number of Hedge Fund Investors in Q3 2023: 76

General Electric Company (NYSE:GE) is one of Skye Global Management’s top stock picks in the Industrial segment. General Electric Company (NYSE:GE) makes and sells gas and steam turbines, software, and services for power, industry, and government. It also combines wind, blades, and grid solutions for its customers.

General Electric Company (NYSE:GE) is one of the companies that has benefited from a booming global economy that has fueled demand for its products and solutions. General Electric Company (NYSE:GE) is up by about 84% for the year and offers a 0.26% dividend yield, affirming why it is one of Jamie Sterne’s top stock picks.

13. Shell Plc (NYSE:SHEL)

Skye Global Management’s Equity Stake: $30.39 million

Year-to-date gain: 18%

Number of Hedge Fund Investors in Q3 2023: 49

Shell Plc (NYSE:SHEL) is one of the top stock holdings in Skye Global Management, operating as an energy and petrochemical company. It operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. Shell Plc (NYSE:SHEL) explores for and extracts natural gas, crude oil, and natural gas liquids.

Shell Plc (NYSE:SHEL) is up by about 18%, outperforming the S&P 500, the company having benefited from high oil and gas prices for the better part of the year. Shell Plc (NYSE:SHEL) remains one of Jamie Sterne’s top stock picks as it comes with a 4.05% dividend yield, ideal for generating passive income. Skye Global bolstered its stake in the company by 46% in Q3 2023 to 472,000 shares valued at $30.38 million, accounting for 0.88% of the portfolio.

12. The Procter & Gamble Company (NYSE:PG)

Skye Global Management’s Equity Stake: $40.55 million

Year-to-date gain: 1.3%

Number of Hedge Fund Investors in Q3 2023: 75

The Procter & Gamble Company (NYSE:PG) is a consumer defensive investment play in Jamie Sterne’s portfolio, specializing in producing consumer packaged goods worldwide. The Procter & Gamble Company (NYSE:PG) operates through five segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine, and Family Care. 

Skye Global increased its stake in the company by 42% in Q3 2023 to 278,000 shares valued at $40.55 million.

11. Thermo Fisher Scientific Inc. (NYSE:TMO)

Skye Global Management’s Equity Stake: $53.65 million

Year-to-date gain: -10%

Number of Hedge Fund Investors in Q3 2023: 109

Thermo Fisher Scientific Inc. (NYSE:TMO) is a healthcare company that provides life sciences solutions, analytics instruments, and laboratory products. Thermo Fisher Scientific Inc. (NYSE:TMO) also offers tools and services for labs, factories, and schools.

Thermo Fisher Scientific Inc. (NYSE:TMO) is down by about 10% for the year and is underperforming in Skye Global Portfolio. Nevertheless, the hedge fund increased its stakes in Thermo Fisher Scientific Inc. (NYSE:TMO) by 27% in Q3 2023 to 106,000 shares valued at $53.65 million. The diagnostics and research company also offers a 0.28% dividend yield.

10. Danaher Corporation (NYSE:DHR)

Skye Global Management’s Equity Stake: $56.69 million

Year-to-date gain: -6%

Number of Hedge Fund Investors in Q3 2023: 103

Danaher Corporation (NYSE:DHR) is a healthcare investment player in Skye Global Management’s portfolio that designs manufactures and sells professional, medical, industrial, and commercial products. Danaher Corporation (NYSE:DHR)’s biotechnology segment offers bioprocess technologies, consumables, and services worldwide.

9. Kenvue, Inc. (NYSE:KVUE)

Skye Global Management’s Equity Stake: $77.75 million

Year-to-date gain: -20%

Number of Hedge Fund Investors in Q3 2023: 84

Kenvue, Inc. (NYSE:KVUE) is a consumer health company that operates through three segments: self care, skin health and beauty, and essential health. Kenvue, Inc. (NYSE:KVUE)’s self care segment offers cough, cold, allergy pain care, and digestive health treatment. The skin and beauty segment provides face and body care, hair care, and other beauty products.

Kenvue, Inc. (NYSE:KVUE) went public this year, is down by about 20% for the year, and comes with a 3.87% dividend yield. Skye Global Management increased its stakes by 34% in Q3 2023 to 3.87 million shares valued at $77.74 million.

Among the 910 hedge funds monitored by Insider Monkey, 84 of them held stakes in Kenvue, Inc. (NYSE:KVUE), up from 31 in the previous quarter.

8. Moody’s Corporation (NYSE:MCO)

Skye Global Management’s Equity Stake: $83.47 million

Year-to-date gain: 33%

Number of Hedge Fund Investors in Q3 2023: 58

Moody’s Corporation (NYSE:MCO) is a global financial services company that operates as an integrated risk assessment firm. Moody’s Corporation (NYSE:MCO) offers credit ratings and assessment services on various debt obligation programs, facilities, and entities. 

Amid a booming economy and growing demand for credit rating services and risk management, Moody’s Corporation (NYSE:MCO) is up by about 33% annually, outperforming the S&P 500. Skye Global Management trimmed its stock exposure by 6% in Q3 2023 to 264,000 shares valued at $83.47 million, accounting for 2.41% of the portfolio.

Insider Monkey examined 910 hedge funds’ investments in the September quarter of 2023 and discovered that 58 of them had invested in Moody’s Corporation (NYSE: MCO). The most significant shareholder among them was Berkshire Hathaway, led by Warren Buffett, with a substantial $7.7 billion stake.

7. TransDigm Group Incorporated (NYSE:TDG)

Skye Global Management’s Equity Stake: $115.09 million

Year-to-date gain: 55%

Number of Hedge Fund Investors in Q3 2023: 67

TransDigm Group Incorporated (NYSE:TDG) is an industrial company that designs, produces, and supplies aircraft components. TransDigm Group Incorporated (NYSE:TDG) makes and sells parts and devices for engines, pumps, valves, power, motors, generators, batteries, and chargers.

As of September 2023, 67 hedge funds out of the 910 tracked by Insider Monkey included TransDigm Group Incorporated (NYSE:TDG) in their portfolios. Among these, AltaRock Partners, led by Mark Massey, emerged as the company’s biggest shareholder, possessing 1.3 million shares valued at $1.10 billion.

6. Apple Inc. (NASDAQ:AAPL)

Skye Global Management’s Equity Stake: $115.39 million

Year-to-date gain: 48%

Number of Hedge Fund Investors in Q3 2023: 134

Apple Inc. (NASDAQ:AAPL) makes and sells phones, computers, tablets, and wearables. It also offers cloud services and app sales through the App Store. Apple Inc. (NASDAQ:AAPL) is also big in cloud computing, providing payment services through a cashless network.

Apple Inc. (NASDAQ:AAPL) remains one of Skye Global’s top stock picks due to its record of generating value through buybacks and dividends. Apple Inc. (NASDAQ:AAPL) is up by 48% for the year and comes with a 0.50% dividend yield. Skye Global Management increased its exposure in the technology company by 1% in Q3 2023 to 674,000 shares valued at $115.39 million and accounting for 3.34% of the portfolio. 

In the third quarter of 2023, 134 hedge funds out of the 910 monitored by Insider Monkey had shares in Apple Inc. (NASDAQ:AAPL). The largest investor among them is Warren Buffett’s Berkshire Hathaway, holding a substantial $156 billion investment in the company.

Click to continue reading and see $5 Billion Hedge Fund Skye Global’s Top 5 Stock Picks.

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Disclosure: None. $5 Billion Hedge Fund Skye Global’s Top 15 Stock Picks is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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This company is completely debt-free.

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It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

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Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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