Billionaire Lee Ainslie’s Top 5 Stock Picks

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Below are the billionaire Lee Ainslie’s top 5 stock picks. For a comprehensive list see Billionaire Lee Ainslie’s Top 10 Stock Picks.

5. Lam Research Corporation (NASDAQ: LRCX)

The billionaire Lee Ainslie has been showing confidence in Lam Research Corporation (NASDAQ: LRCX) over the years. The Dallas based hedge fund has raised its position by 217% in Lam Research during the September quarter. It is the fifth-largest stock holding of Maverick’s 13F portfolio, accounting for 4.54% of the overall portfolio.

Shares of Lam Research rallied almost 67% in the last twelve months, extending the five years gains to 530%. The company has generated 46% year over year revenue growth in the September quarter while earnings per share grew 18% from the year-ago period.

“Lam generated outstanding results in the September quarter with record revenues and earnings per share,” said Tim Archer, Lam Research’s President, and Chief Executive Officer. “Our strong operational execution is enabling the Company to meet our customers’ critical needs, providing a solid foundation to deliver on our long-term growth objectives.”

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