In this article, we will discuss the top 5 stocks to invest in based on Traci Lerner’s Chescapmanager LLC. If you want to read our detailed analysis of Traci Lerner’s history, and hedge fund performance, go directly to the Top 10 Stocks to Invest in Based on Traci Lerner’s Chescapmanager LLC’s Portfolio.
5. Bristol-Myers Squibb Company (NYSE: BMY)
Chescapmanager LLC Stake Value: $29.8 million
Percentage of Chescapmanager LLC’ 13F Portfolio: 3.26%
No. of Hedge Fund Holders: 73
Bristol-Myers Squibb Company (NYSE: BMY) is a biopharmaceutical firm specializing in the discovery, development, and delivery of novel medications for patients suffering from critical illnesses. In disease categories like cancer, cardiology, immunology, fibrosis, and others, its medicines are benefiting millions of patients throughout the world. The company is fifth on our list of top stocks to buy according to Traci Lerner’s Chescapmanager LLC.
The company has a market cap of $136.2 billion. In the second quarter of 2021 Bristol-Myers Squibb Company (NYSE: BMY) reported an EPS of $1.93, beating estimates by $0.03. The company’s revenue in the second quarter came in at $11.7 billion, an increase of 15.5% year over year, and beat revenue estimates by $470 million.
Our data shows that Kahn Brothers is one of the biggest stakeholders of Bristol-Myers Squibb Company (NYSE: BMY), with 893,045 shares worth $58.3 billion.
At the end of the second quarter of 2021, 73 hedge funds in the database of Insider Monkey held stakes worth $5.2 billion in Bristol-Myers Squibb Company (NYSE: BMY), down from 81 the preceding quarter worth $5 billion.
4. Alphabet Inc. (NASDAQ: GOOG)
Chescapmanager LLC Stake Value: $30.5 million
Percentage of Chescapmanager LLC’ 13F Portfolio: 3.34%
No. of Hedge Fund Holders: 155
Alphabet Inc. (NASDAQ: GOOG), headquartered in Mountain View, California, is an American multinational conglomerate. It was formed as a result of a Google restructuring. It is the parent company of Google and a number of Google’s former subsidiaries.
The company has a market cap of $1.9 trillion. In the second quarter of 2021, Alphabet Inc. (NASDAQ: GOOG) reported an EPS of $27.26, beating estimates by $19.35. The company’s revenue in the second quarter came in at $61.9 billion, an increase of 62% year over year, and beat revenue estimates by $56.1 billion.
On September 17, investment advisory Jefferies kept a Buy rating on Alphabet Inc. (NASDAQ: GOOG) stock and increased the price target to $3,325 from $3,150. Brent Thill, an analyst at the firm, cited the valuation as the key reason behind the upgrade in the ratings.
Our data shows that Select Equity Group is one of the biggest stakeholders of Alphabet Inc. (NASDAQ: GOOG) with 36,089 shares worth $90.4 billion.
At the end of the second quarter of 2021, 155 hedge funds in the database of Insider Monkey held stakes worth $33.8 billion in Alphabet Inc. (NASDAQ: GOOGL), down from 159 the preceding quarter worth $29.1 billion.
Here is what Qualivian Investment Partners has to say about Alphabet Inc. in its Q2 2021 investor letter:
“The opportunity in online advertising remains very attractive for Alphabet’s subsidiary Google. In the recent June quarter, Google’s ad sales grew 69%. Alphabet’s subsidiary YouTube’s ad revenue soared 84%, to $7 billion, in the second quarter, putting the business on par with Netflix, which reported quarterly revenue of $7.3 billion. Netflix is expected to grow sales by 19%, to $29.7 billion this year, while YouTube’s ad revenue is forecast to rise 45%, to $28.7 billion.
Alphabet slashed operating losses for the Google Cloud by more than half, as the business continues to scale, growing at 50%+ clips. Furthermore, the company continues to have potentially new growth options via its investments in autonomous driving (Waymo) and various healthcare businesses such as Verily and Calico.”
3. Vertiv Holding Co (NYSE: VRT)
Chescapmanager LLC Stake Value: $31.8
Percentage of Chescapmanager LLC’ 13F Portfolio: 3.84%
No. of Hedge Fund Holders: 36
Vertiv Holdings Co (NYSE: VRT) is an Ohio based company that offers key digital infrastructure technology and life cycle services for data centers, commercial and industrial settings and communication networks. The company is third on our list of top stocks to buy according to Traci Lerner’s Chescapmanager LLC.
The company has a market cap of $8.4 billion. In the second quarter of 2021, Vertiv Holdings Co (NYSE: VRT) reported an EPS of $0.31, beating estimates by $0.07. The company’s revenue in the second quarter came in at $1.26 billion, an increase of 24.8% year over year, and beat revenue estimates by $40 million.
On September 13, investment advisory JPMorgan lowered Vertiv Holdings Co (NYSE: VRT) stock to a Neutral from Overweight rating with an unmoved price target of $25, mentioning estimate cuts and relative valuation for the downgrade.
Our data shows that Brahman Capital is one of the biggest stakeholders of Vertiv Holding Co (NYSE: VRT), with 5.8 million shares worth $158.8 million.
At the end of the second quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $904.3 million in Vertiv Holdings Co (NYSE: VRT), down from 39 the preceding quarter worth $997.2 million.
Here is what Baron Funds has to say about Vertiv Holdings Co in its Q2 2021 investor letter:
“Vertiv Holdings, LLC is a leading manufacturer of critical digital infrastructure technology for data centers, communication networks, and commercial and industrial environments. Vertiv reported organic sales growth of 19.5% in the last quarter, well above expectations. Orders were up 21% and backlog 31%, which are good indicators of long-term demand for its products. Margins also were much higher than projected leading to a large earnings beat, and we think there is opportunity for continued margin expansion. The company’s balance sheet is much improved, and it has an active acquisitions funnel. We believe that the company will continue to grow nicely and believe its stock still offers great promise, as it is inexpensive on an absolute basis and low relative to its peers.”
2. Amazon.com, Inc. (NASDAQ: AMZN)
Chescapmanager LLC Stake Value: $37.8 million
Percentage of Chescapmanager LLC’ 13F Portfolio: 4.15%
No. of Hedge Fund Holders: 271
Jeff Bezos incorporated the company as Cadabra in 1994 but changed the name to Amazon for the website launch in 1995. Amazon.com, Inc. (NASDAQ: AMZN) is a leading cloud services provider and the world’s largest online retailer. Initially a book seller, the company has evolved to sell a wide range of consumer items, digital media, and its own technological devices. The company stands 4th on our list of top stocks to buy according to Traci Lerner’s Chescapmanager LLC.
On September 14, investment advisory Evercore ISI maintained an Outperform rating on Amazon.com, Inc. (NASDAQ: AMZN) stock and increased the price target to $4,700 from $4,200, appreciating the company’s long-term growth outlook.
Our data shows that Crake Asset Management is one of the biggest stakeholders of Amazon.com, Inc. (NASDAQ: AMZN), with 68,500 shares worth $235.7 billion.
At the end of the second quarter of 2021, 271 hedge funds in the database of Insider Monkey held stakes worth $60.5 billion in Amazon.com, Inc. (NASDAQ: AMZN), up from 243 the preceding quarter worth $50.4 billion.
Here is what L1 Capital has to say about Amazon.com, Inc. in its Q2 2021 investor letter:
“Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”
1. Cronos Group Inc. (NASDAQ: CRON)
Chescapmanager LLC Stake Value: $71.6 million
Percentage of Chescapmanager LLC’ 13F Portfolio: 7.85%
No. of Hedge Fund Holders: 8
Cronos Group, Inc. (NASDAQ: CRON) is a cannabis producer and distributor. Lorne Michael Gertner and Paul Rosen formed the company on August 21, 2012. It is based in Toronto, Canada. PEACE NATURALS, COVE, Spinach, Lord Jones, and PEACE+ are some of the company’s brands. Cronos Group, Inc. (NASDAQ: CRON) stands first on the list of top stocks to buy according to Traci Lerner’s Chescapmanager LLC.
The company has a market cap of $2.2 billion. In the second quarter of fiscal 2021 Cronos Group, Inc. (NASDAQ: CRON) reported an EPS of $0.15, beating estimates by $0.02. The company’s second-quarter revenue grew 58.1% year over year to $15.62 million and beat revenue estimates by $0.4 million.
On March 28, investment advisory BofA reinstated coverage of Cronos Group, Inc. (NASDAQ: CRON) stock with an Underperform rating and a price target of $7.50, asserting it cannot argue for valuation upside given the stock’s current level.
Our data shows that Chescapmanager LLC is one of the biggest stakeholders of Cronos Group Inc. (NASDAQ: CRON), with 8.3 million shares worth $71.6 million.
At the end of the second quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $102.8 million in Cronos Group, Inc. (NASDAQ: CRON), down from 10 the preceding quarter worth $126.2 million.
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