5 Stocks Billionaire David Harding is Buying in Droves

Below we present the list of 5 Stocks Billionaire David Harding is Buying in Droves. For our methodology and a more comprehensive list of the billionaire’s favorite stocks right now, please see 10 Stocks Billionaire David Harding is Buying in Droves.

5. Citrix Systems, Inc. (NASDAQ:CTXS)

Value of Winton Capital Management‘s 13F Position: $16.2 million

Number of Hedge Fund Shareholders: 40

The second part of our list of stocks that David Harding’s Winton Capital Management is buying in droves begins with Citrix Systems, Inc. (NASDAQ:CTXS). The fund grew its stake in the cloud computing company by 919% to 160,771 shares during Q1. There was a 60% surge in hedge fund ownership of CTXS during Q1.

Citrix Systems, Inc. (NASDAQ:CTXS) is set to merge with TIBCO Software in a deal that values Citrix at $104 per share. The deal was facilitated by investment firm Vista Equity Partners and Evergreen Coast Capital, which is an affiliate of Paul Singer’s Elliott Management. Singer’s fund owned 1.2 million CTXS shares on March 31. The deal is expected to close in the third quarter of this year, upon receiving final regulatory approvals.

The ClearBridge Mid Cap Growth Strategy sold out of its Citrix Systems, Inc. (NASDAQ:CTXS) position in Q3 of last year in light of the company’s financial targets being pushed out. It had this to say about the company in its Q3 2021 investor letter:

“When we notice a meaningful slowdown due to growing competitive threats or our thesis has not played out as expected, we remain disciplined in acting. These concerns motivated our sale of Citrix Systems, which is experiencing complications in transitioning its business model to the cloud while a reorganization of its sales force is pushing out financial targets; as well as a small position in technology-driven real estate brokerage Compass.”