In this article, we discuss billionaire James Dinan’s top 5 stock picks. For Dinan’s investment philosophy and his comments on certain stocks please see Billionaire James Dinan’s Top 10 Stock Picks.
5. JOYY Inc. (NASDAQ: YY)
Billionaire Dinan’s hedge fund first initiated a position in JOYY Inc. (NASDAQ: YY) during the second quarter and raised its stake by 107% in the December quarter. The stock-picking strategy of Dinan worked in the case of JOYY. This is because Joyy’s share price soared 18% year to date, and is up 75% in the last twelve months.
JOYY was in 20 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to 31 positions in the previous quarter. This means the bullish number of hedge fund positions in this stock fell sharply from its all-time high.