12 Best Industrial Stocks to Buy Now
Based on a definition by Economy Watch, the “Industrial sector or secondary sector is one of the 3 sectors that make up a country’s economy. The other two are the primary sector (includes agriculture, fishing, and mining) and the service sector (includes hospitality, consultancy, and nursing). The secondary sector is one that makes a complete product that can then be utilized. Examples of the industrial sector are manufacturing industry and construction.” (See 15 Biggest Manufacturing Companies in the World and 10 Best Construction Materials Stocks to Buy Now) Basically, the industrial sector is the backbone of the economy, it is the sector in charge of transforming unprocessed material to its end result.
Billionaire Ken Griffin’s Top 10 Stock Holdings
In this article we take a look at billionaire Ken Griffin’s top 10 stock holdings. You can skip our discussion of Ken Griffin’s Citadel’s performance, the GameStop episode and some important stocks bought by Citadel and go directly to Billionaire Ken Griffin’s Top 5 Stock Holdings.
Kenneth Griffin is an American billionaire and hedge fund manager who oversees Citadel LLC, which has over $35 billion in managed funds. A business enthusiast and creative genius since childhood, Griffin went to Harvard College in 1986, where he started investing. Soon, Griffin spotted inefficiencies in the convertible bonds market. To keep track of real-time stock quotes and data, Griffin convinced administrators to install a satellite dish on the roof of college building. Griffin launched his first investment fund just days after his nineteenth birthday, with $265,000.
Billionaire David Tepper’s Top 5 Stock Holdings
5. Facebook (NASDAQ: FB)
The shares of social media giant Facebook (NASDAQ: FB) performed well during the pandemic year due to social distancing policies. Appaloosa Management has been holding Facebook’s position since 2016 and it appears that the hedge fund has benefited from its investment. This is because shares of Facebook grew 27% in the last twelve months, extending the five years gains to 186%. It is the fifth-largest stock holding of David Tepper’s hedge fund, accounting for 8.18% of the overall portfolio.
A global asset management firm Oakmark Funds, which returned 24.44% for the fourth quarter, highlighted few stocks including Facebook in an investor’s letter. Here is what Oakmark stated.
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Candlestick Capital’s Top 5 Stock Holdings
5. Post Holdings, Inc. (NYSE: POST)
Candlestick Capital Management has initiated a position in Post Holdings, Inc. (NYSE: POST) during the final quarter of 2019 and the hedge fund has raised its stake by 33% in the September quarter of last year. It is the fifth-largest stock holding of Candlestick’s 13F portfolio, accounting for 2.12% of the overall portfolio.
Post Holdings underperformed in the last twelve months due to negative revenue growth. Its shares are down 8.37% in the last twelve months.
First Eagle Investment Management believes that Post Holdings shares are trading at discount. Here is what First Eagle Investment Management stated in an investors letter: