In this article, we discuss Billionaire Chris Rokos’ 10 Stock Picks with Huge Upside Potential.
One of the traits that define investors who become billionaires is the ability to make money regardless of market conditions. Chris Rokos is one example. For instance, in March 2025, the hedge fund gained 3.4% amid heightened volatility. At the same time, fellow big-name asset managers like Point72, Citadel, and Millennium struggled to handle the volatility.
Christopher Charles Rokos is a British hedge fund manager. He co-founded Brevan Howard in 2002 after nearly 10 years with Goldman Sachs, where he traded interest rate products. In 2015, he established Rokos Capital Management. The asset manager has approximately $20 billion worth of assets under management (AUM) as of 2025. Rokos is the fund’s Chief Investment Officer (CIO).
The billionaire hedge fund manager made the most of Trump’s election in November last year. According to a Bloomberg report, Rokos netted nearly $1 billion in profits in a single day following Trump’s victory. This, according to the report, is a “standout trading performance” since Rokos Capital started operating in 2015.
READ ALSO: Billionaire Ray Dalio’s Bridgewater’s 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli’s 10 Large-Cap Stock Picks with Huge Upside Potential.
And the winning didn’t stop there. Since that election victory, Trump has fueled rallies and routs in almost equal measure. But, interestingly, Rokos keeps turning up profits regardless of market conditions. Thanks to the Trump-fueled rally in November 2024, Rokos Capital Management ended the year with 31% in returns.
In early April 2025, Trump’s tariffs triggered a large sell-off, and many hedge funds lost money. But not Rokos. The asset manager advanced 4.5% in the first two weeks of the month. This gain helped the hedge fund’s returns for the year to reach 8% as of mid-April 2025.
But whether Rokos Capital Management will keep winning this year is something that remains to be seen, especially in light of the conditions in the market. On Monday, May 5, 2025, the S&P 500 snapped out of a nine-day rally—the longest winning streak in 20 years. The broader market index fell 0.64%, while the Nasdaq shed 0.74% and the Dow lost 0.24%.
Market observers quoted by CNN put the decline on tariffs. For instance, Argent Capital Management’s Jed Ellerbroek said that the “market is intensely focused on where the tariff rates end up, and it’s bouncing around day to day as those assessments change.”
Veteran technical strategist Tom DeMark told Bloomberg that a bear market is a likely scenario shortly. “A top is imminent. Too much technical damage has been done. Stocks are vulnerable right now and can easily get hit pretty badly if anything quickly changes on the global trade outlook.”
However, it won’t come as a surprise that Rokos Capital manages gains out of the bleak market (if the current predictions hold). They have done it before. As such, it appears wise to get an idea of the hedge fund’s stock picks, especially those with a huge upside potential.
A financial graph with team of finance professionals analyzing data and trends.
Our Methodology
We combed through Rokos Capital Management’s SEC Q4 2024 13F filings. We focused on the fund’s most valuable equities holdings (excluding ETFs and options) and then ranked the stocks based on analyst price targets as of May 7, 2025. We picked stocks with an upside potential of at least 30% and then picked the top 10. We have also mentioned the broader hedge fund sentiment for these stocks, as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Billionaire Chris Rokos’ 10 Stock Picks with Huge Upside Potential
10. Onto Innovation Inc. (NYSE:ONTO)
Rokos Capital Management Stake Value: $10,292,677
Upside Potential as of May 7: 31.72%
Number of Hedge Fund Holders: 50
Onto Innovation Inc. (NYSE:ONTO) is a technology company focusing on semiconductor manufacturing solutions. It provides tools and software to help chipmakers improve production efficiency and quality.
In Q4 2024, Onto Innovation Inc. (NYSE:ONTO) reported record quarterly revenue of $264 million and full-year revenue of $987 million. The company’s AI packaging revenue surged an impressive 180% compared to the previous year, while advanced nodes revenue improved for the fourth consecutive quarter. CEO Michael Plisinski highlighted that the company’s growth was “carried forward by investments in AI, power semiconductors, and new gate all around transistor technology.”
The future looks great for the company. According to a report, the global semiconductor metrology equipment market is projected to reach $13.3 billion by 2031. Similarly, the wafer inspection system market is forecast to grow at a CAGR of 6.6% from 2025 to 2034. It will expand from $3.5 billion to $6.4 billion.
Despite these positive fundamentals, Cantor Fitzgerald analysts downgraded Onto Innovation Inc. (NYSE:ONTO) from Overweight to Neutral on May 5, 2025. The analysts cut their price target to $135 from $250. Analyst Matthew Prisco cited concerns about increasing competition and potential risks to the company’s second-half financial projections.
9. NVIDIA Corporation (NASDAQ:NVDA)
Rokos Capital Management Stake Value: $291,360,000
Upside Potential as of May 7: 44.65%
Number of Hedge Fund Holders: 223
NVIDIA Corporation (NASDAQ:NVDA) is a technology company that designs graphics processing units (GPUs) and artificial intelligence (AI) software. Its products power immersive gaming experiences with GeForce GPUs and the company provides advanced computing solutions for AI applications through its data center business.
NVIDIA Corporation’s (NASDAQ:NVDA) dominance in the AI chip market continues despite recent market volatility. For instance, Taiwan Semiconductor (NYSE:TSM), NVIDIA’s (NASDAQ:NVDA) main AI chip manufacturing partner, reported a 43% jump in February sales. This indicates strong demand for NVIDIA’s (NASDAQ:NVDA) products. The company is expanding its ecosystem through additional partnerships. Foxconn recently rolled out its FoxBrain AI platform with assistance from NVIDIA’s (NASDAQ:NVDA) local supercomputing team.
On May 2, 2025, the company’s CEO, Jensen Huang, expressed concerns to US lawmakers about China’s progress in AI development. He urged the Trump administration to reconsider regulations for exporting AI technology. Huang told reporters, “We need to accelerate the diffusion of American AI technology around the world,” highlighting the intensifying competition with companies like Huawei, which is developing its own AI chips. Simultaneously, the US government is considering easing restrictions on NVIDIA chip sales to the United Arab Emirates, which could open new markets for the company.
On May 5, 2025, Melius Research analyst Ben Reitzes maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) stock. However, he recently trimmed his price target to $170 from $195, citing short-term regulatory uncertainty and export restrictions.
Hedge Fund Resource Center