In this article, we will discuss billionaire Jeffrey Talpins’ top 5 stocks picks. If you want to read our detailed analysis of Talpins’ history, investment philosophy, and hedge fund performance, go directly to Billionaire Jeffrey Talpins’ Top 10 Stocks Picks.
5. HDFC Bank Limited (NYSE: HDB)
Talpins’ Stake Value: $32,637,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.15%
Number of Hedge Fund Holders: 39
HDFC Bank Limited (NYSE: HDB) is a banking and financial services provider in India, Bahrain, Hong Kong, and Dubai. It was incorporated in 1994 and is placed fifth on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. HDFC Bank Limited (NYSE: HDB) currently has a $113.63 billion market capitalization and was able to deliver a 64.11% return in the past 12 months.
The hedge fund chaired by Jeffrey Talpins holds 446,347 shares in HDFC Bank Limited (NYSE: HDB) worth over $32 million, representing 5.15% of their portfolio. On June 28, HDFC Bank Limited (NYSE: HDB) and its subsidiary bought a 7.4% stake in Virtuoso Infotech for an undisclosed sum. Virtuoso Infotech specializes in product engineering and provides unique software solutions to businesses in a variety of industries. Element Capital Management added this stock to its portfolio in the second quarter of 2021. Aubrey Capital Management is a leading shareholder in HDFC Bank Limited (NYSE: HDB), with 68,424 shares worth more than $5 billion.
Baillie Gifford, in its second-quarter 2021 investor letter, mentioned HDFC Bank Limited (NYSE: HDB). Here is what the fund said:
“HDFC is India’s leading residential mortgage provider. It is the low-cost provider of mortgages, a significant advantage and competitive strength in a commodity industry. The company has been a beneficiary of rising Indian income levels and improving housing affordability for the expanding middle class. Greater financial inclusion has allowed mortgage provision to extend to a larger portion of India’s population and HDFC is well positioned to benefit from this growth. The company also has an excellent long-term credit record with a focus on profitable growth and has shown good capital allocation over many years. We think the company can grow profitably for many years to come and have invested following the opening of the Indian market.”
4. XPO Logistics, Inc. (NYSE: XPO)
Talpins’ Stake Value: $34,497,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.45%
Number of Hedge Fund Holders: 57
XPO Logistics, Inc. (NYSE: XPO) provides supply chain solutions globally. It was founded in 2000 and is placed fourth on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. XPO Logistics, Inc. (NYSE: XPO) shares have offered investors more than 86% in returns over the course of the past 12 months.
On August 12, Morgan Stanley analyst Ravi Shanker initiated coverage of XPO Logistics, Inc. (NYSE: XPO) with an “Equal Weight” rating and gave a $75 price target. On July 28, XPO Logistics, Inc. (NYSE: XPO) posted earnings for the second quarter of 2021. The company declared earnings per share of $1.86, beating the estimates by $0.17.
Element Capital Management holds 246,599 shares in XPO Logistics, Inc. (NYSE: XPO), worth over $34 million. This represents 5.45% of their portfolio. The hedge fund added this stock to its portfolio in the second quarter of 2021. Lyrical Asset Management is a leading shareholder in XPO Logistics, Inc. (NYSE: XPO), with 2.80 million shares worth more than $392 million.
Adestella Investment Management, in its fourth-quarter 2020 investor letter, mentioned XPO Logistics, Inc. (NYSE: XPO). Here is what the fund said:
“XPO Logistics (XPO) – the XPO thesis was very simple, but it proved very successful. As the stock irrationally sold off in the spring and made only a tepid recovery in the following months, we were able to buy into a well-operated business with plenty of growth drivers at a compelling price. Sentiment surrounding the company improved thanks to a strong earnings, the resumption of asset sale plans that had been shelved in the spring, and the announcement of a spinoff to unlock the SOTP value. As the stock approached our estimate of a $115 fair value, we exited with more than a clean double from our cost basis.”
3. MongoDB, Inc. (NASDAQ: MDB)
Talpins’ Stake Value: $36,152,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.71%
Number of Hedge Fund Holders: 44
MongoDB, Inc. (NASDAQ: MDB) is a global provider of a general-purpose database platform. The company was founded in 1939 and stands third on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. The shares of MongoDB, Inc. (NASDAQ: MDB) surged 89.72% in the past 12 months.
On July 14, Canaccord analyst David Hynes raised the price target on MongoDB, Inc. (NASDAQ: MDB) to $395 from $375 and kept a Buy rating on the shares. On June 2, MongoDB, Inc. (NASDAQ: MDB) reported earnings for the first quarter of 2021. It recorded earnings per share of -$0.15, surpassing market expectations by $0.21. In addition, the first three months of 2021 posted more than $181.6 million in revenue, up 39.3% YoY, beating the predictions by $11.64 million.
The hedge fund chaired by Jeffrey Talpins added this stock to its portfolio in the second quarter of 2021 by buying 100,000 shares worth over $36 million. There were 44 hedge funds in our database that held stakes in MongoDB, Inc. (NASDAQ: MDB) at the end of the second quarter, compared to 46 funds in the second quarter of 2021.
2. L3Harris Technologies, Inc. (NYSE: LHX)
Talpins’ Stake Value: $70,362,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 11.12%
Number of Hedge Fund Holders: 42
L3Harris Technologies, Inc. (NYSE: LHX), specializing in aerospace and defense technology, provides mission-critical solutions to government and commercial customers worldwide. The company was founded in 1895 and ranks second on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. L3Harris Technologies, Inc. (NYSE: LHX) currently has a $46.18 billion market capitalization and was able to deliver a 25.88% return in the past 12 months.
On August 11, Morgan Stanley downgraded L3Harris Technologies, Inc. (NYSE: LHX) to “Equal Weight” from “Overweight,” maintaining a $238 price target. According to analysts, the stock has become the most expensive among the military sector’s pure plays. On August 4, The US Navy awarded L3Harris Technologies (NYSE: LHX) a $393 million contract to deploy the Undersea Warfare Training Range phases II and III.
L3Harris Technologies, Inc. (NYSE: LHX) is a new arrival on Jeffrey Talpins portfolio, as his hedge fund bought 325,525 shares worth over $70 million, representing close to 11.12% of their portfolio. In addition, hedge funds are loading up on L3Harris Technologies, Inc. (NYSE: LHX), as Insider Monkey’s data shows that 42 hedge funds held stakes in the company as of the end of the second quarter of 2021, up from 41 funds a quarter earlier.
Artisan Partners Limited Partnership, in its fourth-quarter 2020 investor letter, mentioned L3Harris Technologies, Inc. (NYSE: LHX). Here is what the fund said:
“We also exited our position in L3Harris Technologies. L3Harris’ recent quarterly results showed some pandemic-related impact on the company’s business, though relative to other industrials stocks, the effect has been quite modest, and it is achieving ahead-of-schedule synergies from its recent merger. However, concerns about ballooning federal deficits and potential associated defense-budget cuts have been a headwind. We share these concerns, and with the company’s market cap above the mid-cap range, we concluded our campaign to fund newer profit cycle opportunities.”
1. Mastercard Incorporated (NYSE: MA)
Talpins’ Stake Value: $73,018,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 11.54%
Number of Hedge Fund Holders: 156
Mastercard Incorporated (NYSE: MA), a technology business, provides transaction processing and other payment-related products and services. The company was founded in 1966 and is placed first on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. Mastercard Incorporated (NYSE: MA) shares have returned 11.00% to investors over the course of the past 12 months.
On August 2, Mizuho analyst Dan Dolev raised the price target on Mastercard Incorporated (NYSE: MA) to $450 from $435 and kept a “Buy” rating on the shares. On July 27, Mastercard Incorporated (NYSE: MA) announced the introduction of its new Start Path program, a global startup engagement program designed to help fast-growing digital assets, blockchain, and cryptocurrency businesses.
Jeffrey Talpins’ Element Capital Management holds 200,000 shares in Mastercard Incorporated (NYSE: MA), worth over $73 million, representing 11.54% of their portfolio. At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE: MA), up from 154 the preceding quarter worth $17.09 billion.
You can also take a peek at 10 Best Stocks to Buy According to Billionaire Steve Cohen and 10 Best Dividend Stocks to Buy According to Billionaire Michael Price
