Top 5 Stock Picks of George Soros

4. IHS Markit Ltd. (NYSE:INFO)

Number of Hedge Fund Holders: 64

IHS Markit Ltd. (NYSE:INFO) provides business analytics and related solutions. Soros Fund Management, as of the end of September, had over 2.4 million shares of the company worth $284 million in the portfolio. 

In November, the US Department of Justice granted IHS Markit Ltd. (NYSE:INFO) approval to merge with market research firm S&P Global in a deal worth $44 billion. The deal is now awaiting regulatory approval from authorities in the United Kingdom. 

At the end of the third quarter of 2021, 64 hedge funds in the database of Insider Monkey held stakes worth $6.7 billion in IHS Markit Ltd. (NYSE:INFO), up from 61 in the previous quarter worth $5.9 billion.

In its Q1 2021 investor letter, Artisan Partners, an asset management firm, highlighted a few stocks and IHS Markit Ltd. (NYSE:INFO) was one of them. Here is what the fund said:

“We ended our campaign in IHS Markit. IHS Markit is a global provider of information services to the financial services, automotive and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced in Q4 it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we exited our position as the combined entity will be well beyond our mid-cap market cap mandate.”