Below are the top 5 stocks to buy now according to a secretive billionaire quant hedge fund manager. For a comprehensive list see: Top 10 Stocks to Buy Now According To Secretive Billionaire Quant Hedge Fund Manager.
5. Target Corporation (NYSE: TGT)
General merchandise stores chain Target Corporation (NYSE: TGT) is among the permanent members of the secretive billionaire quant hedge fund manager portfolio since 2015. However, Two Sigma sold 24% of its stake in the latest quarter to capitalize on the share price rally. Target Corporation shares jumped almost 30% this year, extending the five years gains to 130%.
In addition to share price gains, the general merchandise stores chain also offers hefty dividends to investors. It has raised dividends in the past 52 straight years. Insider monkey says, “Target Corporation was in 57 hedge funds’ portfolios at the end of the third quarter of 2020. The all-time high for this statistics is 55. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.”