Billionaire David Siegel’s Top 5 Stock Picks

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In this article we discuss billionaire David Siegel‘s top 5 stock picks. If you want to read about the billionaire’s investment strategy and some of his favorite stocks, go directly to Billionaire David Siegel’s Top 10 Stocks Picks.

5. Target Corporation (NYSE: TGT)

Two Sigma slashed its stake in Target by 25% in the third quarter. The fund now owns 2.75 million Target shares, having a total value of $432.96 million. UBS in January said that Shipt is one of the biggest assets of Target and the company could utilize it smartly in the future. UBS compared Shipt to DoorDash and said that both serve as 3P logistics providers to consumer companies. Shipt grew 300% over the holidays, the report noted. Target in January said its comp sales in November and December jumped 17.2%, Comparable digital sales in the period rose 102%.

As of the end of the third quarter, 57 hedge funds tracked by Insider Monkey held long positions in Target.

Read: Is Target (TGT) A Good Stock To Buy Now?

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