A New York-based hedge fund called DE Shaw reported a Q1 portfolio value of around $107 billion. The information technology, industrials, healthcare, financial, energy, consumer discretionary, and communications sectors are among those in which the hedge fund makes investments. David Elliot Shaw, a multibillionaire scientist, founded it in 1988. The flagship Composite Fund of D.E. Shaw produced a net return of about 18.5 percent in 2021 versus 19.4 percent in 2020. The company manages about $60 billion in assets and focuses on long-only strategies and private investments.
Insider Monkey highlighted the 10 best stocks to buy according to DE Shaw. In Q1 2022, DE Shaw increased its holdings in Pfizer Inc. by 197%, totaling 9.85 million shares valued at more than $510 million. As of July 15, the company’s dividend yield was 3.09 percent. In Q1 2022, DE Shaw increased its holdings in Ford Motor Company by 10%. A total of 31.2 million shares of the firm valued at $528.3 million were held by the hedge fund, or 0.49 percent of the 13F portfolio as a whole. In the first quarter of 2022, DE Shaw increased its holding in PayPal Holdings, Inc. by 151%. The analyst informed investors that foreign exchange headwinds may have had a greater impact on the company’s overall payment volume and transaction revenue than was apparent on Wall Street. In Q1 2022, DE Shaw increased its stake in Alphabet Inc. by 3%. 192,222 shares of the business, valued at $534.6 million, or 0.50 percent of all 13F holdings, are owned by the hedge fund. An integrated downstream energy corporation with operations in the United States, Marathon Petroleum Corporation is based in Ohio. DE Shaw had 6.2 million shares in Marathon Petroleum Corporation, valued at around $537 million, accounting for 0.50 percent of the portfolio as of the first quarter of 2022. For more details, click 10 Best Stocks To Buy According To DE Shaw.
