5 Blue Chip Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates

4. AT&T Inc. (NYSE:T)

Stake Value in Caxton Associates LP’S 13F Portfolio: $1.55 million

Percentage of Caxton Associates LP’S 13F Portfolio: 0.15%

Number of Hedge Funds: 55

AT&T Inc. (NYSE:T) is a multinational telecommunications company with scale. Although shares are near multi-year lows and the company cut its dividend this year, AT&T Inc. (NYSE:T) is investing in the infrastructure of its business that could generate higher returns. If the company is successful with its transition, AT&T Inc. (NYSE:T) could potentially grow earnings.

In the fourth quarter of 2013, Caxton Associates made its initial investment in AT&T Inc. (NYSE:T), purchasing shares worth roughly $1.5 million. As of Q2 2022, the hedge fund held shares worth more than $1.5 million in the company, an 11% rise from the prior quarter. The company is ranked#4 in our list of 10 Blue Chip Stocks to Buy According to Billionaire Bruce Kovner’s Caxton Associates.

At the end of Q2 2022, 55 hedge funds in our database also held shares. Among them, Citadel Investment Group is a leading hedge fun dholder in AT&T Inc. (NYSE:T) with shares worth $255.76 million.