Billionaire Chris Rokos is Selling These 5 Stocks in 2023

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In this article, we discuss billionaire Chris Rokos is selling these 5 stocks in 2023. If you want to read our detailed analysis of Rokos’ investment philosophy and portfolio construction, go directly to the Billionaire Chris Rokos is Selling These 12 Stocks in 2023.

5. Bunge Limited (NYSE:BG) 

Number of Hedge Fund Holders: 37

Bunge Limited (NYSE:BG) is a global company connecting farmers to consumers, delivering essential food, feed, and fuel. With a focus on sustainability and global food security, the company collaborates with partners to improve agricultural efficiency and provide innovative solutions. Headquartered in St. Louis, Missouri, Bunge Limited (NYSE:BG) operate in over 40 countries with nearly 23,000 employees.

BMO Capital analyst Andrew Strelzik initiated coverage of Bunge Limited (NYSE:BG) on April 13, giving it an ‘Outperform’ rating and setting a price target of $120, indicating a potential upside of 30%.

Rokos Capital Management initially purchased 164,150 shares of Bunge Limited (NYSE:BG) in the second quarter of 2022. However, in the first quarter of 2023, billionaire Chris Rokos’ fund divested its entire stake in the company.

According to Insider Monkey’s first-quarter database, 37 hedge funds were bullish on Bunge Limited (NYSE:BG), with collective stakes worth $378.5 million. Anand Parekh’s Alyeska Investment Group held the most prominent position in Bunge Limited (NYSE:BG).

Follow Bungeltd (NYSE:BG)

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