This week, many of our billionaires’ stocks reported third-quarter earnings. Here’s who and what stood out:
On October 21st, the worldwide fast food company McDonalds Inc. (NYSE:MCD) reported its earnings before the market opened. The stock presented earnings per share (EPS) of $1.52, just beating out the expected $1.50. And even though McDonald’s missed its revenue target, the stocks price rose +0.5% today. Billionaire Bill Gates is one of our investors with a position in MCD. Gates holds 9.8 million shares, representing 5.49% of his fund. Another investor with MCD stakes is Richard Chilton, who owns 571,000 shares, representing 1.51% of his holdings.
Q4 2020 13F Round-Up: Notable Hedge Fund Changes Including Pabrai, Abrams, Price, Klarman And More!
Below is our 13F roundup for some high profile hedge funds for the three months to the end of December 2020 (Q4). Also check our screener for more detail! Q4 2020 hedge fund letters, conferences and more The statements only include equity positions as 13Fs do not include cash and debt holdings. What's more, the Read More
Another company that reported on October 21st is online movie website Netflix Inc. (NASDAQ:NFLX). The stock presented a better-than expected EPS, but its margin gross was not what investors were expecting. The stock dipped -9.15% on Monday and this week dropped -5.73% overall. Billionaire Carl Icahn holds 2.6 million shares, after selling 2.9 million over the last week. Today, NFLX represents 5.44% of Icahn’s fund. Tiger Global also has a position in Netflix Inc., with 315,000 shares, representing 1.16% of its portfolio.
The next day, Cubist Pharmaceuticals, Inc. (NASDAQ:CBST) released its report. The health stock reported a $0.41 EPS, but its expected price was $0.55, meaning a -0.19% drop. Over the last week, its price dropped -2.98%. George Soros lost money on that one. The shareholder acquired 175,000 shares last quarter, representing 0.09% of his fund.
On Thursday the 24th, Microsoft Corporation (NASDAQ:MSFT) reported an EPS of $0.62 after market close, while the expected price was $0.54. This surprise in the earnings lead to a surge of +1.97%. This was good news for David Tepper, who owns 1.4 million shares, representing 0.70% of his fund. Ray Dalio is another investor with a position in MSFT. He owns 84,000 shares, which represent 0.03% of his portfolio.
Today, consumer goods firm The Procter & Gamble Company (NYSE:PG) made its announcement. Its EPS coincides with the estimated price of $1.05. Though, the stock dropped -0.76% today but increased +1.40% during the week. Procter & Gamble is a favorite among many of our billionaires. Bill Ackman holds 8.9 million shares (6.8% of his holdings), Warren Buffett owns 52.7 million shares (4.57% of his fund) and Bill Gates holds 1.5 million (0.65% of his fund).