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Citrone’s Top 15 Stock Picks

In this article, we discuss Citrone’s top 15 stock picks. To skip the detailed analysis of Citrone’s hedge fund, go directly to Citrone’s Top 5 Stock Picks.

The S&P 500 finished 2023 on a high, gaining more than 4% in December to finish the year up by about 24%. Outlook for 2024 is also strong amid expectations of rate cuts later in the year.

Discovery Capital Management was one hedge fund that benefited from the impressive gains last year, especially in the technology sector. Founded in 1999 by Rob Citrone, the macro hedge fund is best known for its focus on high-growth stocks in the technology, services, and basic material and financial sectors.

Citrone’s hedge fund has averaged annual returns of about 17% since inception. Therefore, it was always expected to do well at the height of one of the strongest bull runs in recent history. After dropping by 29% in 2022 at the height of the bear run, Discovery Capital Management bounced back in 2023, gaining about 48% and outperforming the S&P 500.

The stellar performance of the $1.5 billion fund was fueled mainly by its long bets in high-growth stocks, sovereign bonds in Latin America, and US credit. The hedge fund also benefited from its long and short wagers on financial stocks. Strong stock-picking skills also played a role in allowing Discovery Capital Management to benefit from the overall Bull Run in the market.

Citrone has become one of Wall Street’s most successful hedge fund managers. He is best known for his experience in emerging markets through work in the Latin American debt crisis. He has also worked at Fidelity Investments in Boston, where he headed the company’s emerging markets fixed income and currency group.

The billionaire hedge fund manager is often dubbed a Tiger cub, having previously worked at Julian Robertson Tiger Management as a portfolio manager before founding Discovery Capital Management. Last year, he reiterated his firm conviction about technology stocks as they offer a great way of investing in the future.

Nevertheless, the hedge fund manager raised concerns about valuations in the technology sector.

“Technology is still a fantastic area to invest in going forward, but I still think that the multiples are too high for most companies. Anytime a company’s still being priced to sales, or they’re talking about the TAM, I want nothing to do with that company,” Citrone said

Our Methodology

Citrone is one of the most followed fund managers, given his impressive track record in picking winners in the market. Consequently, we have analyzed Discovery Capital Management’s 13F filings for the fourth quarter of 2023 and settled on Citrone’s top stock holdings. The stocks are arranged in ascending order based on the value of hedge fund’s stakes in them. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). That’s why we pay very close attention to this often-ignored indicator.

Citrone’s Top Stock Picks According to His Latest Portfolio

15.Abercrombie & Fitch Co (NYSE:ANF)

Discovery Capital Management’s Equity Stake: $13.78M

Lifestyle retailer Abercrombie & Fitch Co (NYSE:ANF) ranks 15th in our list of the top stock picks of Rob Citrone. Discovery Capital bought a new stake worth about $14 million in the company during the fourth quarter of 2023.

14. Compass, Inc. (NYSE:COMP)

Discovery Capital Management’s Equity Stake: $13.99M

Compass, Inc. (NYSE:COMP) is Citrone’s top holding in the real estate sector. The company operates as a cloud-based platform providing an integrated software suite for customer relationship management and marketing client services in the real estate sector. Compass, Inc. (NYSE:COMP) also offers mobile apps that allow agents to manage their business from anywhere.

13. Genius Sports Ltd (NYSE:GENI)

Discovery Capital Management’s Equity Stake: $14.22M

Rob Citrone’s hedge fund owns a $14 million stake in Genius Sports as of the end of the fourth quarter of 2023. The stock has gained about 14% over the past one year.

12. Cemex S A B De C V (NYSE:CX)

Discovery Capital Management’s Equity Stake: $15.13M

Building materials company Cemex S A B De C V (NYSE:CX) was a new arrival on Citrone’s portfolio in the fourth quarter of 2023, as his hedge fund bought a stake worth over $15 million in the company during the period.

11. Invesco Exchange Traded Fd T

Discovery Capital Management’s Equity Stake: $17.08M

Citrone’s hedge fund increased its hold in Invesco Exchange-Traded Fund Trust by 526% in the fourth quarter, ending the period with a $17 million stake.

10. Adecoagro SA (NYSE:AGRO)

Citrone’s hedge fund increased its stake in agro-industrial company Adecoagro SA (NYSE:AGRO) by 412% in the fourth quarter of 2023, ending the year with an $18.17 million stake in the company.

9. Grupo Financiero Galicia S.A. (NASDAQ:GGAL)

Discovery Capital Management’s Equity Stake: $20.02M

Argentina-based financial services company Grupo Financiero ranks ninth in our list of the top stock picks of Rob Citrone. As of the end of the fourth quarter Discovery Capital reported having a $20 million stake in the company.

8.Rtx Corp (NYSE:RTX)

Discovery Capital Management’s Equity Stake: $21M

Rtx Corp (NYSE:RTX), most commonly known as Raytheon, is one of the top stock picks of Rob Citrone. Discovery Capital bought a new stake in the company worth about $21 million during the fourth quarter of 2023. The stock has lost about 5.2% over the past one year.

7. Itau Unibanco Holding SA ADR (NYSE:ITUB)

Discovery Capital Management’s Equity Stake: $24.73M

Brazilian financial services company is yet another new arrival in Discovery Capital’s portfolio as the fund bought a stake worth about $25 million in the company during the fourth quarter of 2023.

6. Credo Technology Group Holding Ltd (NASDAQ:CRDO)

Discovery Capital Management’s Equity Stake: $27.18M

San Jose, California-based Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a technology company that provides solutions that enable high-speed connectivity solutions for optical and electrical Ethernet applications. Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s solutions include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chipsets, and SerDes IP.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) was one of the best-performing stocks in the Discovery Capital Management portfolio, going by the 46% gain in 2023.

Click to continue reading and see Citrone’s Top 5 Stock Picks.

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Disclosure: None. Citrone’s Top 15 Stock Picks is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…