Billionaire Richard Chilton’s Portfolio: Microsoft (MSFT), Home Depot (HD) and More

Published October 8, 2021 at 4:58 am EDT Updated September 7, 2026 at 1:00 pm EDT

In this article, we take a look at billionaire Richard Chilton’s portfolio: Microsoft (MSFT), Home Depot (HD) and more.

Richard Chilton is an American entrepreneur and investor. The billionaire founded his hedge fund, Chilton Investment Company, in 1992. As of the second quarter of 2021, Mr. Chilton actively manages over $3.97 billion in 13F securities through his investment management firm. Richard Chilton’s original strategy was to generate lucrative long-term returns with limited volatility.

Richard Chilton is an agile investor, he readily drops and picks stocks depending on changing market trends. The billionaire has picked up his skills from some of the biggest names in the world, such as Merrill Lynch, Alliance Capital, and Allen & Company. Chilton Investment Company makes use of a bottom-up approach when it comes to investing. The fund prefers long/short and long-only investments with the notion of preserving its capital in poor market conditions.

Taking a look at Chilton’s second-quarter holdings, we can see that the billionaire owns more than a million shares in the software giant Microsoft Corporation (NASDAQ:MSFT), amounting to a total stake value of $273.4 million. This September, Barclays analyst Raimo Lenschow raised his price target on Microsoft Corporation (NASDAQ:MSFT) to $345 from $330 and reiterated an Overweight rating on the shares.

The billionaire also held a significant stake in The Home Depot, Inc. (NYSE:HD) at the end of the second quarter of 2021. According to the latest 13F filings, The Home Depot, Inc. (NYSE:HD) covers an impressive 5.79% of Mr. Chilton’s investment portfolio. The American business magnate owns a little above 720,000 shares in The Home Depot, Inc. that amount to a total stake value of $230.3 million.

Why should we pay attention to Richard Chilton’s stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Billionaire Richard Chilton’s Portfolio: Microsoft (MSFT), Home Depot (HD) and More

Our Methodology

With this context in mind, here is our list of stocks in the billionaire’s portfolio. These were ranked according to the investment portfolio of Chilton Investment Company at the end of the second quarter of 2021. The analyst ratings of each company are also discussed to provide readers with some more context so they can make informed investment decisions.

Billionaire Richard Chilton’s Portfolio: Microsoft (MSFT), Home Depot (HD) and More

10. Republic Services, Inc. (NYSE:RSG)

Richard Chilton’s Stake Value: $145,409,000

Percentage of Richard Chilton’s 13F Portfolio: 3.65%

Number of Hedge Fund Holders: 34

Republic Services, Inc. (NYSE:RSG) together with its subsidiaries, provides non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services in the United States. The company serves small-container, large-container, and municipal and residential customers. Republic Services, Inc. was incorporated in 1996 and is based in Phoenix, Arizona.

This August, Goldman Sachs analyst Jerry Revich added Republic Services, Inc. to the firm’s Conviction List and reiterated a Buy rating on the shares. The analyst raised the price target on Republic Services, Inc. to $147, up from $138.

Republic Services, Inc. is ranked tenth on Richard Chilton’s 13F portfolio. As of June 2021, the billionaire owns 1.32 million shares in the company, worth $145.4 million. The investment represents 3.65% of Chilton Investment Company’s investment portfolio.

By the end of the second quarter of 2021, 34 hedge funds out of the 873 tracked by Insider Monkey held stakes in Republic Services, Inc. worth about $1.28 billion. This is compared to 36 hedge funds in the previous quarter with a total stake value of approximately $1.07 billion.

Republic Services, Inc., Microsoft Corporation, The Sherwin-Williams Company (NYSE:SHW), Ball Corporation (NYSE:BLL), and The Home Depot, Inc. are among the top stocks picked by billionaire Richard Chilton.

9. Mastercard Incorporated (NYSE:MA)

Richard Chilton’s Stake Value: $161,046,000

Percentage of Richard Chilton’s 13F Portfolio: 4.05%

Number of Hedge Fund Holders: 156

Mastercard Incorporated (NYSE:MA) provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. Mastercard Incorporated was founded in 1966 and is headquartered in New York.

This August, JPMorgan analyst Tien-tsin Huang raised his price target on Mastercard Incorporated to $430 from $427 and kept an Overweight rating on the shares.

Mastercard Incorporated is among the top ten stocks that came to Mr. Chilton’s attention. According to the latest filings, the billionaire has stakes of more than $161 million in the company. Mastercard Incorporated represents 4.05% of Mr. Chilton’s investment portfolio.

As of the second quarter of 2021, Mastercard Incorporated reported earnings per share of $1.95, beating expert estimates by $0.20. The company beat revenue estimates by $160.7 million and generated $4.53 billion in revenues, up 35.77% year over year.

By the end of the second quarter of 2021, 156 hedge funds out of the 873 tracked by Insider Monkey held stakes in Mastercard Incorporated worth about $17.1 billion. This is compared to 151 hedge funds in the previous quarter with a total stake value of approximately $17 billion.

Like Microsoft Corporation, The Sherwin-Williams Company, Ball Corporation, and The Home Depot, Inc., Mastercard Incorporated is a stock worth investing in according to Mr. Chilton.

Qualivian Investment Partners, an investment management firm, published its second-quarter 2021 investor letter in which the firm shared its stance on Mastercard Incorporated. Here’s what they had to say:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”

8. Costco Wholesale Corporation (NASDAQ:COST)

Richard Chilton’s Stake Value: $166,991,000

Percentage of Richard Chilton’s 13F Portfolio: 4.19%

Number of Hedge Fund Holders: 54

Costco Wholesale Corporation (NASDAQ:COST), together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

This September, Citi analyst Paul Lejuez raised his price target on Costco Wholesale Corporation to $495 from $460 and reiterated a Neutral rating on the shares.

Billionaire Richard Chilton owns approximately 422,000 shares in Costco Wholesale Corporation, amounting to a total stake value of $166.9 million. The investment covers an impressive 4.19% of Chilton’s 13F portfolio.

By the end of the second quarter of 2021, 54 hedge funds out of the 873 tracked by Insider Monkey held stakes in Costco Wholesale Corporation worth about $4.32 billion. This is compared to 56 hedge funds in the previous quarter with a total stake value of approximately $4.01 billion.

7. Mettler-Toledo International Inc. (NYSE:MTD)

Richard Chilton’s Stake Value: $169,331,000

Percentage of Richard Chilton’s 13F Portfolio: 4.25%

Number of Hedge Fund Holders: 35

Mettler-Toledo International Inc. (NYSE:MTD) manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. Mettler-Toledo International Inc. its products through its direct sales force and indirect distribution channels. Mettler-Toledo International Inc. was incorporated in 1991 and is based in Columbus, Ohio.

This July, Baird analyst Catherine Schulte raised her price target on Mettler-Toledo International Inc. to $1455 from $1303 and kept a Neutral rating on the shares.

Mettler-Toledo International Inc. contributes significantly to Chilton’s 13F portfolio. According to the latest 13F filings, Richard Chilton has stakes worth $169.3 million in Mettler-Toledo International Inc., which covers 4.25% of his investment portfolio.

By the end of the second quarter of 2021, 35 hedge funds out of the 873 tracked by Insider Monkey held stakes in Mettler-Toledo International Inc. worth about $1.26 billion. This is compared to 27 hedge funds in the previous quarter with a total stake value of approximately $1.04 billion.

Baron Funds, an asset management firm, published its “Baron Asset Fund” second quarter 2021 investor letter in which the firm mentioned Mettler-Toledo International Inc.. Here’s their stance on the company:

“Mettler-Toledo International, Inc. is the world’s largest provider of weighing instruments for use in laboratory, industrial, and food retailing applications. Its shares rose on outstanding financial results, highlighted by 18% local currency sales growth, 49% operating profit growth, and 64% EPS growth, as well as an increase in its full-year earnings guidance. We believe Mettler is an excellent business with meaningful competitive advantages run by skilled operators. We remain optimistic that the company can compound earnings at attractive double-digit rates for years to come.”

6. Kansas City Southern (NYSE:KSU)

Richard Chilton’s Stake Value: $182,265,000

Percentage of Richard Chilton’s 13F Portfolio: 4.58%

Number of Hedge Fund Holders: 61

Kansas City Southern (NYSE:KSU) is a transportation holding company that provides domestic and international rail transportation services in North America. The company serves a ten-state region in the Midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri, and ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas. Kansas City Southern operates a commercial corridor of the Mexican railroad system and has its direct rail passageway between Mexico City and Laredo, Texas. The company serves the chemical and petroleum, industrial and consumer products, agriculture and minerals, energy, intermodal, and automotive markets. Kansas City Southern was founded in 1887 and is headquartered in Kansas City, Missouri.

Richard Chilton owns a little above 643,000 shares in the company, which amounts to a total stake of $182.26 million.

As of the second quarter of 2021, Kansas City Southern has reported an EPS of $2.06, missing estimates by -$0.09. The company has generated revenues of $749.5 million, up 36.80% year over year, and has beaten expert estimates by $0.69 million.

By the end of the second quarter of 2021, 61 hedge funds out of the 873 tracked by Insider Monkey held stakes in Kansas City Southern worth about $3.3 billion. This is compared to 49 hedge funds in the previous quarter with a total stake value of approximately $1.66 billion.

Miller/Howard Investments, an investment management firm, published its first-quarter 2021 investor letter, in which it mentioned Kansas City Southern. Here’s what the firm had to say:

“Canadian Pacific Railway (CP) agreed to acquire Kansas City Southern (KSU) in the largest rail deal in over a decade. The merger will create the first rail network connecting Canada, the US, and Mexico, and it should benefit from the passage of the USMCA Trade Agreement. We initiated a position in KSU in Q4 as we expected it to benefit from growing North American trade and viewed it as a consolidation candidate.”

5. Union Pacific Corporation (NYSE:UNP)

Richard Chilton’s Stake Value: $182,476,000

Percentage of Richard Chilton’s 13F Portfolio: 4.58%

Number of Hedge Fund Holders: 69

Union Pacific Corporation (NYSE:UNP), through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. As of December 31, 2020, its rail network included 32,313 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. Union Pacific Corporation was founded in 1862 and is headquartered in Omaha, Nebraska.

This July, UNP Loop Capital analyst Rick Paterson upgraded Union Pacific Corporation to Buy from Hold with a $269 price target.

Richard Chilton owns over 829,000 shares in Union Pacific Corporation, which amounts to a total stake value of $182.47 million. The investment covers 4.58% of Chilton’s 13F portfolio.

As of the second quarter of 2021, Union Pacific Corporation reported an EPS of $2.73, beating estimates by $0.18. The company also generated revenues of $5.50 billion, up 29.69% year over year, and has beaten expert estimates by $118.17 million.

By the end of the second quarter of 2021, 69 hedge funds out of the 873 tracked by Insider Monkey held stakes in Union Pacific Corporation worth about $5.03 billion. This is compared to 75 hedge funds in the previous quarter with a total stake value of approximately $4.68 billion.

4. The Home Depot, Inc. (NYSE:HD)

Richard Chilton’s Stake Value: $230,389,000

Percentage of Richard Chilton’s 13F Portfolio: 5.79%

Number of Hedge Fund Holders: 64

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.

This September, Wells Fargo analyst Zachary Fadem raised his price target on The Home Depot, Inc. to $365 from $360 and reiterated an Overweight rating on the shares.

The Home Depot, Inc. is among the top 5 picks of billionaire Richard Chilton. Mr. Chilton has stakes worth $230.3 million in the company, and the investment represents 5.79% of Chilton’s 13F portfolio.

As of the fiscal second quarter of 2021, The Home Depot, Inc. has reported earnings per share of $4.53 and has beaten EPS estimates by $0.10. The company generated revenues of $41.12 billion, up 8.05% year over year, and has beaten estimates by $380.39 million.

By the end of the second quarter of 2021, 64 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Home Depot, Inc. worth about $4.17 billion. This is compared to 68 hedge funds in the previous quarter with a total stake value of approximately $4.35 billion.

Distillate Capital, an investment management firm, published its second-quarter 2021 investor letter, in which it mentioned The Home Depot, Inc.. Here’s what the firm had to say:

“The largest additions in the rebalance, (included) Home Depot, was around 50 and 40 basis points incrementally. Home Depot outperformed modestly but still lagged its rising normalized cash flow estimate and so was also added to.”

3. Microsoft Corporation (NASDAQ:MSFT)

Richard Chilton’s Stake Value: $273,452,000

Percentage of Richard Chilton’s 13F Portfolio: 6.87%

Number of Hedge Fund Holders: 238

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. It sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online stores, and retail stores. Microsoft Corporation has collaborations with Dynatrace, Inc., Morgan Stanley, Micro Focus, WPP plc, ACI Worldwide, Inc., and iCIMS, Inc., as well as a strategic relationship with Avaya Holdings Corp. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.

This September, Tigress Financial analyst Ivan Feinseth raised his price target on Microsoft Corporation to $366 from $303 and reiterated a Buy rating on the shares.

Richard Chilton owns over a million shares in Microsoft Corporation, which make up 6.87% of his 13F portfolio. The billionaire’s total stake in the company is more than $273.4 million.

As of the fiscal fourth quarter of 2021, Microsoft Corporation reported an EPS of $2.17 and has beaten EPS estimates by $0.24. The company has also beaten revenue estimates by $1.85 billion and has reported a revenue of $46.15 billion, up 21.35% year over year.

By the end of the second quarter of 2021, 238 hedge funds out of the 873 tracked by Insider Monkey held stakes in Microsoft Corporation worth about $62.46 billion. This is compared to 251 hedge funds in the previous quarter with a total stake value of approximately $58.96 billion.

Baron Opportunity Fund recently published its second-quarter commentary, in which it mentioned Microsoft Corporation. Here’s the fund’s stance on the company:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”

2. Ball Corporation (NYSE:BLL)

Richard Chilton’s Stake Value: $283,580,000

Percentage of Richard Chilton’s 13F Portfolio: 7.13%

Number of Hedge Fund Holders: 44

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also develops spacecraft, sensors and instruments, radio frequency systems, and other technologies and products for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. Ball Corporation was founded in 1880 and is headquartered in Westminster, Colorado.

This September, Barclays analyst Michael Leithead raised his price target on Ball Corporation to $98 from $95 and kept an Equal Weight rating on the shares.

Ball Corporation is ranked second by value on Richard Chilton’s 13F portfolio. Mr. Chilton has stakes worth 283.5 million in the company. Ball Corporation makes up 7.13% of Chilton Investment Company’s 13F portfolio.

As of the second quarter of 2021, Ball Corporation has reported earnings per share of $0.86 and has beaten EPS estimates by $0.03.

By the end of the second quarter of 2021, 44 hedge funds out of the 873 tracked by Insider Monkey held stakes in Ball Corporation worth about $1.57 billion. This is compared to 38 hedge funds in the previous quarter with a total stake value of approximately $1.40 billion.

ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” first quarter 2021 investor letter in which it mentioned Ball Corporation. Here’s their take on whether or not you should invest in the company:

“Aluminum beverage and food container manufacturer Ball Corp, meanwhile, delivered fourth-quarter operating income slightly lower than consensus, though this was mainly attributable to higher startup costs for large new facilities coming online in North America. These investments and additional capacity projects will contribute to strong volume growth globally, however. Aluminum cans are infinitely recyclable and offer the best replacement product for single-use plastic beverage containers, in our view. They are more likely to be recycled than single-use plastic and are more energy efficient in production as well.”

1. The Sherwin-Williams Company (NYSE:SHW)

Richard Chilton’s Stake Value: $319,844,000

Percentage of Richard Chilton’s 13F Portfolio: 8.04%

Number of Hedge Fund Holders: 49

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The company has operations primarily in North and South America, the Caribbean, Europe, Asia, and Australia. As of December 31, 2021, it operated 4,774 company-operated stores. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

This September, Wells Fargo analyst Truman Patterson raised his price target on The Sherwin-Williams Company to $330 from $325 and kept an Overweight rating on the shares.

Billionaire Richard Chilton owns 1.17 million shares in The Sherwin-Williams Company, which amounts to a total stake value of more than $319.8 million. The investment covers an astounding 8.04% of Chilton Investment Company’s 13F portfolio.

As of the second quarter of 2021, The Sherwin-Williams Company has reported earnings per share of $2.65, missing estimates by -$0.02.

By the end of the second quarter of 2021, 49 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Sherwin-Williams Company worth about $2.02 billion. This is compared to 51 hedge funds in the previous quarter with a total stake value of approximately $2.01 billion.

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