Billionaire Ken Griffin’s Top 5 Stock Picks

3. DuPont de Nemours, Inc. (NYSE: DD)

Value: $627,669,000
Percent of Ken Griffin’s 13F Portfolio: 0.17%
No. of Hedge Fund Holders: 60

DuPont de Nemours is the third-biggest stock holding on Ken Griffin’s Citadel’s portfolio. The hedge fund increased its stake in the company by 74% in the period, ending the quarter with over 8.8 million shares of the company, worth $627.7 million. DuPont de Nemours stock is up roughly 150% over the last 12 months. The company recently reaffirmed guidance for full-year EPS that was in-line with the consensus estimate.

As of the end of the fourth quarter, 60 hedge funds in Insider Monkey’s database of 887 funds held stakes in DuPont de Nemours, compared to 61 funds in the third quarter. 40 North Management is the biggest stakeholder in the company, with 20.3 million shares, worth $1.4 billion.

Rhizome Partners, in their Q4 2020 investor letter, said that DuPont de Nemours, Inc. (NYSE: DD) will likely execute better results this 2021. Here is what Rhizome Partners has to say about DuPont de Nemours, Inc. in their Q4 2020 investor letter:

“DuPont is expected to merge its Nutrition and Bioscience business with International Flavors and Fragrances in early 2021. Auto sales and industrials, an area of weakness for DuPont earlier in 2020 will likely emerge much stronger in 2021. We believe these two factors have helped drive shares to over $71 at the end of Q4. Dupont has also been shedding non-core businesses with lower ROIC and growth prospects. The remaining segments are more pure-play and focused. Corteva, the previous DuPont agricultural focused spinoff, was recently targeted by activist investor Starboard Value which led to year-end price gains.”