John Rogers’ Top 5 Stock Picks

1. Baidu, Inc. (NASDAQ: BIDU)

Value: $633,710,000
Change in Position Size: 3%
Percent of John Rogers’ 13F Portfolio: 7.1%

China-based Baidu Inc. ranks 1st in our list of John Rogers’ top 5 stock picks. Baidu Inc. is China’s leading internet company. The company recently announced its plan to build an intelligent electric vehicle company and signed a strategic partnership with Geely Automobile. Baidu Inc. currently has a $133.67 billion market capitalization. It delivered an impressive 154.45% return in the past 12 months and settled at $295.58 per share at the closing of March 1, 2021.

As of the end of the fourth quarter, 51 hedge funds in Insider Monkey’s database of 887 funds held stakes in Baidu Inc., compared to 43 funds in the third quarter. Jim Simons’ Renaissance Technologies is the biggest stakeholder in the company, with 8.6 million shares, worth $1.86 billion.

Horos Asset Management said in their Q4 2020 investor letter that they reduced their position in Baidu, Inc. (NASDAQ: BIDU) amid rising competition.

Here is what Horos Asset Management stated in their Q4 2020 investor letter:

“We also reduced our exposure to the other Chinese technology giant we hold in our portfolio: Baidu. As we have already highlighted in prior letters, the company has managed—after some very challenging quarters—to refocus its services and develop its own ecosystem around its super app Baidu App, to face the threats posed by WeChat (Tencent), Alipay (Alibaba) and other recently created apps, which have huge acceptance and growth in the country. Finally, Baidu’s share price has rewarded these efforts, with a share price rise of over 100% since the March lows.”

You can also take a peek at Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021 and Billionaire Julian Robertson’s Top 10 Stocks.

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