Billionaire Richard Chilton’s Top 10 Stock Picks
Richard L. Chilton, Jr. established Chilton Investment Company in 1992 with the strategy of generating attractive returns by investing in low volatility stocks. Chilton’s hedge fund prefers holding stocks for a long term to enjoy dividends and steady growth. The fund’s top ten stock holdings account for more than half of its overall 13F portfolio value.
However, it doesn’t mean the firm falls in love with stocks blindly. A veteran of Merrill Lynch, Alliance Capital, and Allen & Company, Chilton seeks to adjust portfolios according to the market trends.
For instance, the hedge fund initiated a position in 13 stocks and added to its 70 existing positions during the September quarter while it exited position from 11 stocks and reduced its stake in 42 stocks.