Rob Citrone, a billionaire hedge fund investor, is planning to purchase shares of Visa Inc., T-Mobile US, Inc., and Taiwan Semiconductor Manufacturing Company Limited in 2022. As of March 31, Discovery Capital was in charge of $3.75 billion in assets. Tiger Cub Julian Robertson, a billionaire, co-founded it in 1999. According to Citrone’s data, the fund has produced annualized returns of 17% since its inception. One of the most prosperous hedge funds in the world, is the fund. In 2020, 2021, and 2022, the 13F portfolio of Discovery Capital generated impressive returns. Mario Citrone, the company’s founder, has accumulated a $1.1 billion personal fortune.
Insider Monkey looks at 10 stocks that billionaire Rob Citrone has been buying in 2022. During the first quarter, billionaire Rob Citrone purchased 10,647 shares of Palo Alto Networks, Inc. Given the rising risk of cyberattacks, hedge funds have found the security company to be an attractive purchase. PANW stock, in the opinion of Morgan Stanley, is “materially mispriced.” In late 2020 and early 2021, hedge funds started to lose interest in HDFC Bank Limited, but they have since repurchased the shares. The largest holding in HDB among the hedge funds monitored by Insider Monkey’s database belongs to Tiger Cub Andreas Halvorsen. Expedia Group, Inc. is still struggling to reach its pre-pandemic levels of performance. In the foreseeable future, global travel is anticipated to significantly improve. Between February and April of this year, reservations were much stronger than they were in January. In recent quarters, hedge funds have been selling off Meta Platforms, Inc. shares. Rob Citrone acquired 32,405 more shares in the business. Slowing digital advertising investment and competition from TikTok are risks for META. In 2022, Adecoagro S.A. was one of the select few market winners. The majority of the stock’s remarkable 57 percent gains from Q1 have been lost. In the first quarter, the company increased net revenues by 18.1 percent year over year to $201 million. For more details, click 10 Stocks Billionaire Tiger Cub Rob Citrone is Buying.
