Top 5 Stocks to Buy Now According To Secretive Billionaire Quant Hedge Fund Manager

4. Cisco Systems (NASDAQ: CSCO)

The technology company Cisco Systems (NASDAQ: CSCO) underperformed this year, but the billionaire quant hedge fund Two Sigma sees the dip as a buying opportunity. The firm has raised its stake in Cisco by 116% in the latest quarter to 11 million shares valued above $433 million.

It is the fourth largest stock investment of the quant hedge fund, accounting for 1.24% of the overall portfolio. Meanwhile, other investors aren’t looking so optimistic about Cisco. According to Insider Monkey, CSCO isn’t among the 30 most popular stocks among hedge funds.

Brown Advisory is bullish on CSCO saying that “Networking equipment provider Cisco Systems gained after reporting solid quarterly results amid a challenging economic environment. The company’s security and video conferencing products are in greater demand due to the ongoing work-from-home trend, suggesting an improved business growth outlook for the remainder of the year.”

Amana Mutual Fund also made some bullish comments in its Q1 letter:

“Along with growing e-commerce, another result of shelter-in-place will likely be a greater appreciation of the possibilities of video conferencing. As a company that sees itself as defining the future of the internet, while featuring negligible debt and an attractive dividend, Cisco has proven relatively resilient.”