Billionaire Stanley Druckenmiller’s 2023 Portfolio: Top 5 Stock Picks

In this article, we will take a look at billionaire Stanley Druckenmiller’s 2023 portfolio and his top 5 stock picks. To see more such companies, go directly to Billionaire Stanley Druckenmiller’s 2023 Portfolio: Top 10 Stock Picks.

5. Lamb Weston Holdings, Inc. (NYSE:LW)

Hedge Fund Stake Value: $206.8 million

Idaho-based food processing company Lamb Weston Holdings, Inc. (NYSE:LW) ranks 5th in our list of the top stock picks of billionaire Stanley Druckenmiller. Lamb Weston Holdings, Inc. (NYSE:LW) shares have gained about 74% over the past one year. Stanley Druckenmiller’s hedge fund has a $207 million stake in Lamb Weston Holdings, Inc. (NYSE:LW) as of the end of March.

In April, Lamb Weston Holdings, Inc. (NYSE:LW) posted fiscal Q3 results. Adjusted EPS in the period came in at $1.43, beating estimates by $0.44. Revenue in the period jumped about 31% year over year to $1.25 billion, beating estimates by $90 million. For fiscal 2023, Lamb Weston Holdings, Inc. (NYSE:LW) said it expects net sales to come in between $5.25 billion to $5.35 billion, up from the previous guidance of $4.8 billion to $4.9 billion. The consensus estimate for this figure was $5.15 billion.

As of the end of the fourth quarter of 2022, 51 hedge funds had stakes in Lamb Weston Holdings, Inc. (NYSE:LW), up from 42 hedge funds in the previous quarter, according to Insider Monkey’s database. This shows that Lamb Weston Holdings, Inc. (NYSE:LW) saw an increase in hedge fund sentiment in the last quarter of 2022.