In this article, we will take a look at the 5 Blue Chip Stocks to Buy Now According to Billionaire George Soros. To read our analysis of George Soros’ profile and investment strategy as well as the risk/reward and methodology of this list, you can go to the 10 Blue Chip Stocks to Buy Now According to Billionaire George Soros.
5. NIKE, Inc. (NYSE:NKE)
Soros Fund Management’s Stake Value: $35,590,000
Percentage of Soros Fund Management’s 13F Portfolio: 0.63%
Number of Hedge Fund Holders: 72
NIKE, Inc. (NYSE:NKE), based in Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.
As of Q2 2022, George Soros’ Soros Fund Management holds 348,235 shares of NIKE, Inc. (NYSE:NKE), accounting for 0.63% of the 13F portfolio of the hedge fund. The hedge fund increased its stake by 18% in Q2 2022, as compared to the previous quarter.
In June, NIKE, Inc. (NYSE:NKE) released the financial results for the quarter ended May 31, 2022. Its revenue decreased by 1% y-o-y to $12.2 billion, while its net income decreased by 5% y-o-y to $1.4 billion. It reported a normalized EPS of $1.00, beating the consensus by $0.19, and the company declared a quarterly cash dividend of $0.305 per share.
As of Q2 2022, 72 of the 895 hedge funds tracked by Insider Monkey owned shares of NIKE, Inc. (NYSE:NKE), valued at $3.3 billion. Ken Fisher’s Fisher Asset Management is its largest shareholder with ownership of 8.5 million shares valued at $873 million.
4. T-Mobile US, Inc. (NYSE:TMUS)
Soros Fund Management’s Stake Value: $42,724,000
Percentage of Soros Fund Management’s 13F Portfolio: 0.76%
Number of Hedge Fund Holders: 96
T-Mobile US, Inc. (NYSE:TMUS) is a wireless network operator based in Bellevue, Washington delivering an advanced 4G LTE and a transformative nationwide 5G network through its flagship brands, T-Mobile, and Metro by T-Mobile. It had 110 million total customers as of June 30, 2022.
Soros Fund Management owns 317,556 shares of T-Mobile US, Inc. (NYSE:TMUS), accounting for 0.76% of its 13F portfolio. The hedge fund increased its stake by 12% in Q2 2022, as compared to the previous quarter.
In September, T-Mobile US, Inc. (NYSE:TMUS) disclosed in a regulatory filing that the company’s board of directors had authorized a stock repurchase program for up to $14 billion of its common stock, through September 30, 2023. Following the news, Raymond James analyst Ric Prentiss raised the price target on T-Mobile shares to $178 from $175 and maintained a ‘Strong Buy’ rating.
As of Q2 2022, 96 of the 895 hedge funds tracked by Insider Monkey owned shares of T-Mobile US, Inc. (NYSE:TMUS), valued at $6.9 billion. Its largest shareholder was Viking Global with ownership of 9.2 million shares valued at $1.2 billion.
3. Salesforce, Inc. (NYSE:CRM)
Soros Fund Management’s Stake Value: $103,564,000
Percentage of Soros Fund Management’s 13F Portfolio: 1.84%
Number of Hedge Fund Holders: 116
San Francisco, California-based Salesforce, Inc. (NYSE:CRM) is the world’s leading customer relationship management platform provider. Its cloud-based platform has applications for sales, service, marketing, and more, with more than 150,000 companies using the platform.
Soros Fund Management owns 627,509 shares of Salesforce, Inc. (NYSE:CRM), accounting for 1.84% of its 13F portfolio. The hedge fund’s stake increased by 139% in Q2 2022, compared to the previous quarter.
According to the Insider Monkey data on 895 leading hedge funds, 116 hedge funds were long Salesforce, Inc. (NYSE:CRM) shares as of Q2 2022, with the total shares held by hedge funds valued at $7.9 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder on record with ownership of 15.7 million shares valued at $2.6 billion.
This is what Eagle First Investments had to say about Salesforce, Inc. (NYSE:CRM) in its Q2 2022 investor letter:
“Salesforce is a prime example of our big-tent approach to value investing. Though the US-based provider of cloud-based customer-relationship management (CRM) software would be considered a growth stock by many metrics, we believe its profile is suggestive of a business with unrecognized franchise value that may make for an attractive investment opportunity at an appropriate “margin of safety.” Salesforce has a dominant market position in the CRM space, especially in a cloud segment that by our estimate has been growing at approximately 20% per year as enterprises increasingly embrace the benefits of software-as-a-service. Recent years have seen the company prudently adapt its offerings through organic product extensions and expand into adjacent verticals through acquisition while migrating toward an integrated CRM platform model. Salesforce’s mature, durable market position, track record of cash flow generation and well-aligned management team gives us confidence that it possesses identifiable franchise value—in contrast with many of its peers in the technology space, whose investors often are paying for unrealized earnings and early-stage business development strategies.”
2. Alphabet Inc. (NASDAQ:GOOG)
Soros Fund Management’s Stake Value: $115,882,000
Percentage of Soros Fund Management’s 13F Portfolio: 2.06%
Number of Hedge Fund Holders: 153
Alphabet Inc. (NASDAQ:GOOG), based in Mountain View, California, is the parent company of several companies including the Google, Verily Life Sciences, GV (formerly Google Ventures), Calico, and X-the moonshot factory. Majority of its revenue is generated by Google Services which comprises of ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Alphabet Inc. (NASDAQ:GOOG) announced the launch of Android 13 earlier in August, adding multiple new features focused on personalization and privacy.
Alphabet Inc. (NASDAQ:GOOG) is among the top 10 holdings of Soros Fund Management based on its portfolio weight of 2.06% as of Q2 2022. The hedge fund holds 53,175 shares of Alphabet Inc. (NASDAQ:GOOG), 11% more than the number of shares held at the end of the previous quarter.
Alphabet Inc. (NASDAQ:GOOG) released the financial results for Q2 2022 earlier this year in July. Its revenue increased by 13% y-o-y to $69.7 billion, while its net income decreased by 16% y-o-y to $16 billion. It reported a normalized EPS of $1.21, missing the consensus by $0.08.
Alphabet Inc. (NASDAQ:GOOG) is one of the most commonly owned stock among the 895 hedge funds tracked by Insider Monkey. As of Q2 2022, 153 hedge funds owned shares of Alphabet Inc. (NASDAQ:GOOG), valued at $22.3 billion.
1. Amazon.com, Inc. (NASDAQ:AMZN)
Soros Fund Management’s Stake Value: $212,898,000
Percentage of Soros Fund Management’s 13F Portfolio: 3.79%
Number of Hedge Fund Holders:
Amazon.com Inc (NASDAQ: AMZN), is a multinational technology company operating online and physical stores where it sells its own products as well as allows third-party sellers to sell their products to consumers. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and develops and produces media content; and provides cloud computing services through Amazon Web Services platform. Its ecommerce platform is home to more than 1.7 million small and medium businesses.
George Soros’ Soros Fund Management’s holds 2,004,500 shares of Amazon.com Inc (NASDAQ: AMZN), accounting for 3.79% of its 13F portfolio, as of Q2 2022. The hedge fund increased its stake by a blistering 2735% during the latest quarter, as compared to the previous one.
In July, Amazon released its financial results for the second quarter of 2022. Its total revenue increased by 7% y-o-y to $121.2 billion, while it reported a net loss of $2 billion for the three months ended June 30, 2022. The normalized EPS was recorded at -$0.20 for the quarter, missing the consensus by $0.32.
Amazon.com Inc (NASDAQ: AMZN) is also highly sought after by hedge funds with the second highest number of hedge funds as 252 out of the 895 tracked by Insider Monkey hold its shares with a total value of $30.1 billion. The ecommerce giant ranks #1 on the list of 10 Blue Chip stocks to buy now according to billionaire George Soros based on the number of hedge funds invested in the stock and portfolio weight, among several other factors.
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