Billionaire Lee Ainslie’s Top 5 Stock Picks

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

Value: $346,036,000
Percent of Lee Ainslie’s 13F Portfolio: 5.5%
Number of Hedge Fund Holders: 60

Dupont ranks 2^nd on the list of Maverick Capital’s top 10 stock picks. The chemical company recently approved a $1.5 billion share buyback program with an expiry date of June 30, 2022.  DuPont shares are up 106% over the last 12 months. The company was listed in our 10 best chemical stocks to buy for 2021 article.

According to our database, the number of DD’s long hedge funds positions decreased at the end of the fourth quarter of 2020. There were 60 hedge funds that hold a position in DuPont de Nemours compared to 61 funds in the third quarter. The biggest stakeholder of the company is 40 North Management, 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 in 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.”