저자: Ale'sWorldofStocks진행자 · 외국인
요약 보기
결론: 레이 달리오 브리지워터의 13F 상위 5개 매수 종목을 평가하며, 진행자는 브로드컴 1위 외에는 대부분 매수 의향이 없다고 밝힘. 영상은 브리지워터가 3분기 13F에서 매수한 상위 5개 종목을 작은 비중부터 순서대로 소개하고 개인 의견을 덧붙이는 형식이다. 5위 넷플릭스(NFLX): 약 9.5만 주, 3,500만 달러 이상, 포트폴리오의 약 0.2%. 진행자는 넷플릭스 사업은 매력적이라 보지만 디즈니가 브랜드·IP·사업 다각화 면에서 우위라 판단해 매수 의향 없음. 연초 대비 60% 이상 회복한 점도 부담으로 언급. 4위 브로드컴(AVGO): 신규 매수, 약 4,500만 달러. 맞춤형 반도체, 네트워킹·데이터센터·클라우드·AI 관련 수요 강조. VMware 인수 완료로 소프트웨어 매출 비중이 약 20%에서 약 40%로 확대될 것이라 주장, 내년 매출이 35% 이상 성장할 것이라는 전망 제시. 다만 올해 주가 약 75% 상승으로 밸류에이션 부담 지적, 배당수익률은 5%대에서 2% 미만으로 하락. 진행자 본인이 보유 중이며 매수는 중단한 상태. 3위 슐룸베르거(SLB): 지분 약 2배 확대, 약 7,600만 달러. 유전 서비스·기술 기업으로 수요 증가 전망. 2019~2020년 적자 이후 2년간 두 자릿수 매출 성장, 향후 5년 EPS 연평균 약 30% 성장 예상. 주가는 애널리스트 최저 목표가보다 낮지만 과거 10년간 부진했다며 추가 조사 필요하다고 신중한 입장. 2위 코카콜라(KO): 약 10% 증액, 5억 달러 이상. 음료 시장 지배력, 배당 킹 지위, 배당수익률 3% 이상 언급. 진행자는 펩시코(PEP)가 사업 다각화, 매출·EPS 성장, 낮은 PEG 등에서 더 낫다며 매수하지 않음. 1위 iShares MSCI 신흥국 ETF(IEMG 추정): 약 7% 증액, 9억 달러 이상, 포트폴리오의 5% 이상. 2,700여 개 종목 분산, 낮은 보수, 2.3% 배당을 장점으로 꼽음. 진행자는 ETF 선호도가 낮지만 본 ETF가 가장 차별화된 선택이라 평가. 최종 순위는 브로드컴 1위, 나머지는 큰 차이 없다는 의견. 진행자 본인은 브로드컴 외에는 매수할 생각이 없다고 밝힘. 리스크: 브로드컴은 높은 밸류에이션, 슐룸베르거는 유가 등 산업 변동성, 넷플릭스는 디즈니 대비 경쟁 열위가 언급됨. 출연자 전망: 브로드컴 중장기 긍정, 넷플릭스·코카콜라 소극적, SLB 조건부 관심.
다듬은 글
Bridgewater Associates is one of the largest investment firms in the world with over $120 billion of assets under management and it was of course founded by the very popular and famous stock market investor Ray Doo who still serves the company as their senior investor and is leading their investment committee well as is the case in every quarter Bridgewater just released their 13f uh report which shows all the stocks that they purchased in the third quarter and in today's video well we're going to take a look at the five largest purchases of those the five largest stocks they purchased in the most recent quarter and I'm going to give my own opinion on each one of them I'll rank them from best to worst and I'll even let you know if I'd consider buying any of these stocks myself too so it's always a lot of fun when we do these videos I hope you're all enjoying them and if you do please consider subscribing and hitting that like button really helps keep my channel alive and it means a lot to me thank you for the support but with all that said let's go ahead and jump into this list of five stocks Ray doio and Bridgewater Associates are buying all right now as always we'll be counting down here from smallest to largest position in the portfolio with purchase number five being a very popular stock in the market and that is the streaming giant Netflix ticker symbol nflx which was actually a brand new addition to the portfolio this quarter however that's after having sold out of it the quarter before that so a bit of a strange history here with Netflix but either way it looks like they built that position right back up adding about 95,000 shares and worth over $35 million at just slightly over 0.2% of the overall portfolio now when it comes to Netflix I don't hate the stock but I also haven't really been a fan of it either and it's not that I don't like Netflix itself I actually do think that they have a very attractive business after being essentially the pioneers of at home video streaming which to this day they still command by far the most market share in the entire world even ahead of giants like Amazon Disney Warner Brothers and more however the problem that I personally have with it is that Disney exists if it if Disney didn't exist I'd be much more bullish but with Disney around I just can't understand why anyone would choose to buy Netflix stock over Disney's as they have by far more Superior Brands like Marvel Star Wars and all the Disney Family content that have pretty much all grown to become household brands at this point with nothing else really rivaling them in the world I would say especially by Netflix who has practically nothing compared to them in terms of company-owned ips and after only recently launching their Disney plus streaming service which combined with Hulu and ESPN plus they've already amassed a subscriber count that is pretty close to the same amount as Netflix and it's even been greater in the past two yet not not only is the stock cheaper but the company is also much larger and more Diversified across theme parks resorts cruises movie studios you know games toys collectibles and lots of other types of revenue streams that Netflix just really has almost zero presence in which is why Disney does more than double the sales than Netflix does yet the valuation is actually less than half based on price to sales and still close to half based on price to earnings as well and while Netflix stock has fallen by a large amount from their highs it's already recovered by over 60% just this year alone so I just can't really bring myself to touch this one when I feel that there really are just such obvious better choices out there like Disney or even Amazon or apple who all have at least some presence in streaming but are not entirely dependent on it I will be nice though and I'll still rank Netflix in the middle at number three for now because there may be worse choices on this list and I got to wait to see what else is on it well you know what coming in at stock number four we actually have a great stock that I also own myself too and that is broadcom ticker symbol avgo which I'm very happy to see Bridgewater picking up as well this was actually another brand new purchase for them at almost $45 Million worth of stock in the quarter and yeah this one I've been a longtime fan of myself for really their expertise and developing custom semiconductor chips for really other businesses that use them especially in areas of Internet infrastructure like networking data centers storage and much more plus they sell all the software and services that go along with those uh markets too including cloud computing and cyber security both of which are in very high demand and I think those markets will only get much larger in the future pretty much everyone knows that at this point not to mention perhaps the biggest Emerging Market of all that they're involved in with artificial intelligence which broadcom also has a large presence in through various PL platforms like their AI Ops for example which delivers insights from analyzing all the data that is used on the infrastructure and applications and networks and customer experiences that uh broadcom tends to provide and while they don't specifically produce chips for AI like maybe the RedHot Nvidia does the there's still many broadcom chips that can actually support generative Ai and other related applications too which by the way their strength in all of these different areas is only going to get bigger now after finally completing their giant acquisition of VMware which is worth over $0 billion and was for a long time trying to be blocked by Regulators because of the future dominance that broadcom will now hold as their sales were already Rising by near nearly 10% this year but are now set to Skyrocket by over 35% next year as well and perhaps most important of all according to Fitch ratings The acquisition will also raise broadcom's software sales from Just Around 20% of total revenue up to around 40% post merger guys that's huge cuz broadcom already had very stable and impressive financials to begin with but adding even more software revenue is not only going to strengthen their profitability but it's also going to help decrease some of that volatility that you would typically see in the hardware chips Market as good as all of this news is though the fact is that Wall Street has unfortunately already seen it coming and has traded up the stock price accordingly as it has now risen by 75% just this year alone which has also left the valuation a bit Rich trading significantly higher than the sector un virtually any metric you look at I mean you could make the argument that their peeg ratio isn't too bad still as it's only about 3% higher than the sector because of that strong future growth expected post merger but the other issue is that I used to buy this stock for the super attractive dividend growth oriented dividend when it was yielding over 5% however today it's fallen down to just less than 2% and while it still has some of those excellent growth metrics on it like a double- digigit growth history and a whopping 22% growth rate the fact is that the stock is just overall not as attractive as it used to be and I've really stopped my buying in it I still much more prefer it over Netflix though so I am going to give them a higher ranking at number two for now all right next up on the list though we have a stock that I don't think I've ever covered before on the channel and that is Schlumberger I'm not sure if I'm pronouncing that right but CER symbol SLB which they more than doubled their position on last quarter adding nearly 700,000 th more shares bringing the total stake in the company up to over $76 million and if you've never heard of this one they're actually an oil and gas related company but rather than being a producer and seller of oil they actually specialize in the technology and the services that help other companies with those operations for example this includes various products and services related to the construction of wells and actual drilling sites the decar carbonization of the the processes involved to help lower emissions and they assist in site planning scaling up production and even accelerating their time to Market it's all really interesting work and I do expect demand to be pretty high for those Services well into the future however despite not being an actual producer and seller of oil their financials are still I would say they tend to be heavily impacted at least by the volatility of that industry with both 2019 and 2020 seen significant losses on the bottom line however on the bright side things do look to be dramatically improving in the coming years with double digigit Revenue growth expected in each of the next two years while EPS is also set to soar by a whopping close to 30% average over the next 5 years plus the stock price is currently much lower than even the lowest analyst price Target so I admit that it does look pretty attractive at this level however I would caution that it's been a pretty bad performer over the years which even after seeing a strong rebound recently it's still trading significantly lower than it did an entire decade ago and the valuation is a bit of a mix bag too with higher PE than the sector but a much lower PEG ratio thanks to that future EPS growth expected this is a bit of a hard one to rank here I kind of like it but I'm also a little weary of it too and I think I'd have to do a lot more research on it before I even think about buying the stock but overall I think maybe in between broadcom and Netflix is the best spot for now as they would at least offer me something uniquely different than what Netflix can that will however leave us now though with the final two stocks of the list and coming in as the second largest it's going to be none other than the gigantic beverage Behemoth known as cocacola ticker symbol KO which they increased their already very large position on by just about 10% last quarter bringing it up to over half a billion dollars invested in the company now you guys obviously know this one they're the king of beverages with many iconic Brands including Coca-Cola itself but also Sprite Gold Peak teas fantas soda Dan water power sports drink minute made juice and many more in the United States alone for example they consistently hold almost half of the entire beverage market share plus it's famously owned by the great Warren Buffett who keeps it as his fourth larg lest investment at over $22 billion but should you be investing in ko2 well I wouldn't really argue against it I mean the stock usually does perform pretty well there are some bumps here and there but overall it does tend to break new record highs in most years and the same can mostly be said about their financials too plus when it comes to dividends well they're sort of considered a king of that area as well as they've already reached dividend King status with over six Decades of consecutive increase and it still yields a pretty good amount to above 3% and yet I am still not a buyer myself and if you want to know why it's essentially the same reason I don't buy Netflix because I just feel that there is a clear better option available in the market and that is PepsiCo ticker symbol pep who not only has a much more Diversified business into solid foods too but they're also larger and nearly double the sales they have more Revenue growth they have more EPS grow growth they have about the same dividend with also dividend King status and the stock is actually cheaper too with a lower PEG ratio so while I might be a little biased because I do own pepsic Co stock myself I still have to be honest about my feelings here and say that I much more prefer it over KO so I'll rank them accordingly it's going to go in last place Coca-Cola is because uh they just really don't offer me anything different or even exciting I mean at least Netflix I think is a little more exciting but that's just my opinion anyway guys that's going to leave us now with the final stock of the list and coming in at number one the largest of the five Holdings well it's actually going to be an ETF specifically the I shares IMG ETF which Bridgewater increased their position on by just about 7% in the quarter bringing the stake up to over $900 million with this also being the only stock on the list to make up over 5% of the entire portfolio now when it comes to ETFs these ey shares ones are some of the biggest and most popular out there as they are actually owned and managed by the giant Behemoth Black Rock with this ETF in particular being one that tracks Emerging Markets now you guys know that I'm not the biggest fan of ETFs myself as I just prefer handpicking all of my stocks individually however I do acknowledge that ETFs can be very beneficial to beginners as well as anyone that is looking looking for some broad exposure to a specific area and that's what I think this ETF does a great job of specifically with those emerging International markets like China Taiwan South Korea India Brazil and more plus some of the largest Holdings are also stocks that I particularly do like myself including Taiwan semiconductor 10 cent Alibaba and even PDD Holdings although admittedly those are definitely more on the higher risk side but still the broad exposure across more than 2700 different stocks with so many different sectors and countries does help lower that risk a bit while the super low expense ratio that is over 80% cheaper than the median of all ETFs coupled with a decent little dividend of 2.3% I think makes for a fairly attractive overall package here again I don't usually buy ETFs myself so it's a bit of a lower interest option for me personally but I'll still rank them higher than most of these other stocks on the list as they at least offer me something more unique and different but there you have it guys our final ranking is basically broadcom at number one with almost nothing else really worth mentioning here I mean stocks number two to number five could really be in almost any order for me cuz I just really don't ever plan on buying these I I don't think I ever will end up buying any of them so yeah overall not the most exciting quarter for me personally I'm not a fan of really uh most of these stocks here except for broadcom but you know a lot of you might actually dis agree because I know Netflix and Coca-Cola especially are some very popular stocks to invest in so let me know down below would you make any changes to my ranking uh do you agree or disagree with anything I said today I'd love to hear your thoughts but thanks again for stopping by my friends I hope you're all doing well and I will catch you in the next video take care everybody bye-bye he
Comments 0