💰 Super Investors Are Buying These Stocks

Good Morning Kings & Queens! “If you love what you do and are willing to do what it takes, it's within your reach. And it'll be worth every minute you spend alone at night, thinking and thinking about what it is you want to design or build. It'll be worth it, I promise.”

— Steve Wozniak

MARKET UPDATE

Shares of insurance company Chubb Limited (CB) rallied over 4% on news that Warren Buffett’s Berkshire Hathaway has been buying up the stock.

TODAY’S BIG HEADLINES

• Super Investors Are Buying These Stocks

• The NFL is Coming to a Netflix Near You

• Hugging Face is Democratizing AI

• Baidu’s Robotaxi’s Nears Profitability

HEDGE FUNDS & SUPER INVESTORS

Super Investors Are Buying These Stocks💰

Drawing Back the Curtain: The annual ritual of 13F filings - a time when the world's top investors reveal their deepest, darkest secrets (or at least, their portfolio changes). It's like opening a present on your birthday, but instead of a fancy tie or a set of steak knives, you get a glimpse into the minds of the smartest investors on the Street.

Bill Ackman: First up, we have Bill Ackman, the fearless leader of Pershing Square Capital Management (PSH). Ackman made a solitary move this quarter, and that was to trim his Chipotle (CMG) position by a whopping 10%. It's like he was saying, "You know what, Chipotle? You're just not as spicy as I thought you were." And by the way, that 20% weighting of Chipotle is currently the largest position in the fund.

Buffett’s Big Bet: Next, we have Warren Buffett, the Oracle of Omaha, who's been making waves in the investment world with his latest moves. Berkshire Hathaway (BRK.B) sold off a whopping 88% of their Paramount (PARA) position. But don't worry, they're still holding onto their largest holding, Apple (AAPL), albeit with a slightly reduced position size after trimming the position by 12% due to Buffett’s expected tax changes. The world’s greatest investor, who we suspect might have a crystal ball, has been shopping again. This time, he’s gone on a spree at Liberty Media (LSXMK), snapping up both class A and class C shares like they’re going out of fashion. His shopping cart is now 50-60% heavier! And the mystery investment he’s been sneakily adding to his portfolio? It’s Chubb Limited (CB), the insurance company. Now making up over 2% of his holdings, it seems Buffett’s got a new favorite after boosting his stake by 28%.

Michael Burry: Michael Burry, the big short investor, made a flurry of moves this quarter, but the three most significant ones were an 80% increase in his JD (JD) position, a 66% increase in his Alibaba (BABA) position, and an 80% increase in his Block Inc (SQ) position, Emphasizing Burry’s confidence in Chinese equities and the widely anticipated Crypto rally. These three positions now make up 9.53%, 8.74% adn 7.36% respectively. And by the way, he also sold his entire position in Google (GOOG) and Amazon (AMZN).

Akre’s Acrobatics: Chuck Akre, the maestro at Akre Capital Management, has been juggling his portfolio. He’s tossed DollarTree (DLTR) and Brookfield (BAM) out of the window, while giving Moody’s (MCO), Mastercard (MA), and Visa (V) a little haircut, trimming them by 6.78%, 8.92% and 6.75% respectively. Talk about a spring cleaning!

And that's a wrap! The 13F filings may not be the most thrilling read, but they do give us a glimpse into the minds of the smartest investors on the Street.

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STREAMING & MEDIA

The NFL is Coming to a Netflix Near You🏈

All-In-One: After Apple’s (AAPL) deal with the MLS and Amazon (AMZN) Prime’s deal with the Premier League, Netflix (NFLX) decided it was time to get off the bench. The former DVD rental service, now streaming giant, announced it will be the new home of Christmas Day NFL games for the next three seasons. Not stopping there, Netflix has also wrestled a $5 billion multiyear deal with the WWE and is even planning to host the boxing match between Mike Tyson vs. Jake Paul. Netflix is clearly not just playing games, it’s playing sports!

Day Draft Drama: This year’s Christmas Day will see Kansas City Chiefs at Pittsburgh Steelers and Baltimore Ravens at Houston Texans. Netflix shelled out a whopping $150 million for the exclusive streaming rights. The deal is set to guarrantee Netflix atleast one Christmas game in both 2025 and 2026. Why such a hefty price tag, you ask? Well, in 2023, an average of 28.7 million viewers tuned into Christmas NFL games on legacy media TV. That’s a lot of potential Netflix subscribers, my friend.

The Great Crossover: But this isn’t just a touchdown for Netflix. The NFL is on a mission to woo the younger streaming audience and expand its global fan base. We’ve already seen the surge in Formula One’s popularity, thanks largely to the Netflix show Drive to Survive. Netflix is now part of the NFL’s streaming squad, alongside Peacock, Amazon Prime Video, and ESPN+. It’s game on!

ARTIFICIAL INTELLIGENCE

Hugging Face is Democratizing AI🤗

Free Goodies: The AI model repository Hugging Face has just dropped a bombshell, announcing a whopping $10 million in free shared GPUs to help developers create their own AI magic. And the name? ZeroGPU - because who needs to shell out big bucks for compute power when you can have it for free? It's like getting a free pass to the AI party, and everyone's invited!

The Background: But before we get too excited, let's put on our thinking caps and look at the background. Hugging Face, it seems, is no small potatoes. They've just about reached profitability, and their valuation is a whopping $4.5 billion after raking in $235 million from big tech giants like Google, Nvidia, and Amazon in a private funding round. So, when they say they're committed to leveling the playing field, you can bet your bottom dollar they're putting their money where their mouth is!

The Rundown: ZeroGPU is all about giving developers the tools they need to create their own AI awesomeness, without having to break the bank. And let's be real, at the moment, it's a bit of a David and Goliath situation out there. OpenAI and Anthropic are dominating the scene, thanks to their cozy deals with the big tech giants, giving them virtually infinite amounts of compute power. But with ZeroGPU, Hugging Face is saying, "Hey, what about the little guys?" - or, in this case, the not-so-little guys who just need a leg up.

• ZeroGPU will be available via Hugging Face’s spaces, a hosting platform that's already home to over 300,000 AI demos.

• And the hardware? Nvidia A100 GPU devices - not the absolute latest and greatest, but a solid choice for those who want to get started without breaking the bank. Plus, it's a heck of a lot cheaper than those fancy H100 GPUs!

Open-Source Community: Now, some of you might be thinking, "Hold up, hasn't Meta already done something similar with their Llama 3 model?" And you're right! They have, and it's been a game-changer for the open-source community. Since Meta made the model open-source, over 35,000 variations have been shared on Hugging Face - talk about democratizing technology! The question is, how long will Hugging Face continue to foot the bill? Perhaps at some point they’ll be needing some backup from Meta?

INTERNATIONAL MARKETS

Baidu’s Robotaxi’s Nears Profitability🎖️

Silent Winner: Baidu (BIDU), the Beijing-based tech giant affectionately known as "China's Google", have just reported their quarterly earnings, and unlike its peer Alibaba (BABA), Baidu posted a beat on revenue expectations sending shares up 3%. But what really stood out to us were the robotaxi figures!

In a Nutshell: Baidu raked in a whopping $4.37 billion in revenue, slightly higher than analyst expectations of $4.32 billion by roughly 3%. So, what's driving this growth? Well, it seems that advertising sales are on the rebound, and demand for their AI-powered cloud products is higher than ever. Baidu’s core revenue, which includes the company’s autonomous driving initiatives, grew 4% to $3.30 billion.

We Have Liftoff: Now, we're not talking about NASA's Apollo program here (although, can you imagine if Baidu's robotaxis could somehow beam themselves up to the moon?). No, we're talking about Baidu's own Apollo project, their robotaxi project, which is expected to reach profitability as soon as next year! Talk about a moonshot (pun intended). Meanwhile, Baidu's US competitors - Tesla, Google's Waymo, and Uber - are still stuck in the starting blocks, trying to figure out how to get their robotaxis off the ground (or out of the lab, rather). And don't even get me started on Amazon-backed startup Zoox, who are facing some serious legal drama thanks to a string of high-profile incidents involving their vehicles. It's like the Wild West out there, folks!

MORE NEWS

Additional market-moving events🌎

Hot Dog Sale: Kraft Heinz is reportedly looking to sell Oscar Mayer, its famous hot-dog and Wienermobile brand, for between $3 billion and $5 billion. (ESM)

WNBA on the Rise: Despite losing in her WNBA debut, Caitlin Clark’s first appearance drew an average of 2.1 million viewers, making it the most-watched game in the league’s history. (NBC)

TikTok’s Auction: Kirkland & Ellis, the world’s largest law firm by revenue, is assisting real estate billionaire Frank McCourt’s Project Liberty in its effort to purchase the US operation of social media platform TikTok. (Bloomberg)

EU Strikes Again: Social media giant Meta gets slapped with another EU Investigation over child addiction. (Reuters)

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Our selections performance👾

On Monday the 11th of March, we released our “two superperformers” stock picks which we believe will provide significant outperformance compared to the S&P 500.

Here’s how the two stocks have performed since then:

• Evolution AB: 1,184.50 SEK (📉-9.70%)

• Hims & Hers Health: $14.07 (📉-2.76%)

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