Billionaire George Soros Is Buying These 5 Stocks

In this article, we discuss the 5 stocks that billionaire George Soros is buying. If you want to read our detailed analysis of these stocks, go directly to Billionaire George Soros Is Buying These 10 Stocks.

5. IHS Markit Ltd. (NYSE:INFO)

Number of Hedge Fund Holders: 61   

Percentage Increase in Stake During Q3: 81%

IHS Markit Ltd. (NYSE:INFO) provides research and consulting services. Regulatory filings show that Soros Fund Management owned 2.4 million shares in the company at the end of the third quarter of 2021 worth over $284 million, representing 5.25% of the portfolio. 

Deutsche Bank analyst Sameer Kalucha has a Buy rating on IHS Markit Ltd. (NYSE:INFO) stock with a price target of $127. The analyst recently appreciated the merger of the company with S&P Global, another market research firm. 

At the end of the second quarter of 2021, 61 hedge funds in the database of Insider Monkey held stakes worth $5.9 billion in IHS Markit Ltd. (NYSE:INFO), up from 54 in the previous quarter worth $4 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.”