50 Top Stock Picks In Q2 That Billionaires Love

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Raytheon Technologies

WSJ

Market Value: $93.0 billion
Billionaire Investor: Soroban Capital Partners
Percent of Portfolio: 9.8%

Raytheon Technologies happens to be the future of aerospace and defense, yet due to the unshakeable pandemic has suffered throughout the first few months of the year. Considering that the shares are now lower than ever, at $60.90 a share, hedge funds like Soroban Capital Partners (AUM $10.4 billion) decided to buy up 12.4 million of Raytheon’s shares, worth around $761.4 million in total. The purchase has also managed to account for 9.8% of Soroban’s equity portfolio, which the company hopes will continue grow in the coming months.