Top 5 Stocks to Buy According to Guy Spier’s Aquamarine Capital Management

In this article, we take a look at the top 5 stocks to buy according to Guy Spier’s Aquamarine Capital Management. If you want to see our comprehensive analysis of Aquamarine Capital Management’s 13F portfolio, go directly to Top 10 Stock to Buy According to Guy Spier’s Aquamarine Capital Management.

5. Ferrari N.V. (NYSE:RACE)

Aquamarine Capital Management’s Stake Value: $16.7 million

Percentage of Aquamarine Capital Management’s 13F Portfolio: 8.21%

Number of Hedge Fund Holders: 27

Ferrari N.V. (NYSE:RACE) is the holding company for Ferrari S.p.A, which designs manufactures, and distributes sports and supercars. It is one of the most famous companies in the sports cars industry.

Aquamarine capital management holds 80,000 shares in the company. On December 9, Kepler Cheuvreux analyst Thomas Besson downgraded Ferrari to a ‘Reduce’ rating with a price target of EUR 220, up from EUR 210.

While Besson remains convinced that the company’s shares are attractive in the long run, the analyst anticipates profit-taking in the coming months after a large-scale outperformance over the past six months.