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Top 9 Stock Picks of Jacob Rothschild’s RIT Capital Partners

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·7 min read
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  • RITPF
  • PANA
  • NG
  • CME
  • LEAP-UN
  • TMUS
  • KDP
  • V

In this article, we discuss the top 9 stock picks of Jacob Rothschild's RIT Capital Partners. If you want to skip our detailed analysis of these stocks, go directly to the Top 4 Stock Picks of Jacob Rothschild's RIT Capital Partners.

Jacob Rothschild started his career at N. M. Rothschild & Sons in 1959. In 1971 he was appointed as the chairman of Rothschild Investment Trust. Jacob Rothschild worked solely on Rothschild Investment Trust from 1980 onwards, expanding the scope of the trust via internal growth and acquisitions, and it became an investment holding company in the 1980s. Since numerous financial services businesses were acquired by Rothschild Investment Trust, it no longer qualified as a trust and was subsequently listed on the London Stock Exchange as RIT Capital Partners in 1988.

Jacob Rothschild remained the chairman at RIT Capital Partners from the hedge fund’s initiation in 1988 till September 2019, when he stepped down from the role. He is still the honorary president and one of the leading RIT Capital Partners stakeholders, with his family holding a 21% stake in the firm’s total investments. Currently, Sir James Leigh-Pemberton is the non-executive chairman and Francesco Goedhuis is the chief executive officer of RIT Capital Partners, which is located in Spencer House, London.

Top 9 Stock Picks of Jacob Rothschild's RIT Capital Partners
Top 9 Stock Picks of Jacob Rothschild's RIT Capital Partners

RIT Capital Partners purchased two new stocks in Q3 2021, namely Keurig Dr Pepper Inc. (NASDAQ:KDP) and Hippo Holdings Inc. (NYSE:HIPO), whereas the hedge fund sold out of seven stocks including The Coca-Cola Company (NYSE:KO) and The Walt Disney Company (NYSE:DIS). The investment portfolio at Rothschild’s firm is concentrated in the consumer staples, utilities and telecommunications, healthcare, and finance sectors.

As per the 13F filings from September, the portfolio at RIT Capital Partners is valued at over $256 million, with the most notable stocks being T-Mobile US, Inc. (NASDAQ:TMUS), Visa Inc. (NYSE:V), and Keurig Dr Pepper Inc. (NASDAQ:KDP), among others discussed in detail below.

Our Methodology

We used the Q3 portfolio of Jacob Rothschild’s RIT Capital Partners to select his top 10 stock picks, ranking each stock according to Rothschild’s stake value in the holding.

Top Stock Picks of Jacob Rothschild's RIT Capital Partners

9. Hippo Holdings Inc. (NYSE:HIPO)

RIT Capital Partners’ Stake Value: $1,345,000

Percentage of RIT Capital Partners’ 13F Portfolio: 0.52%

Number of Hedge Fund Holders: 23

Hippo Holdings Inc. (NYSE:HIPO), a California-based home insurance company, is one of the top stock picks of Jacob Rothschild’s RIT Capital Partners as of September this year, with the investment firm owning 287,968 shares in Hippo Holdings Inc. (NYSE:HIPO), worth $1.34 million, representing 0.52% of the total Q3 portfolio.

As of the third quarter, the database of Insider Monkey suggests that 23 hedge funds hold stakes in Hippo Holdings Inc. (NYSE:HIPO), worth $88.1 million. Hippo Holdings Inc. (NYSE:HIPO) posted its Q3 results on November 10, and the EPS missed analysts’ estimates by -$0.01, coming in at -$0.08.

Jefferies analyst Yaron Kinar on November 17 initiated coverage of Hippo Holdings Inc. (NYSE:HIPO) with a Buy rating and an $8 price target. The analyst considered Hippo Holdings Inc. (NYSE:HIPO) as his "top pick" in the insurance sector, noting that a capital raise is not required to achieve growth targets through 2026.

In addition to T-Mobile US, Inc. (NASDAQ:TMUS), Visa Inc. (NYSE:V), and Keurig Dr Pepper Inc. (NASDAQ:KDP), Hippo Holdings Inc. (NYSE:HIPO) is a notable stock in Jacob Rothschild’s Q3 portfolio.

8. NovaGold Resources Inc. (NYSE:NG)

RIT Capital Partners’ Stake Value: $4,533,000

Percentage of RIT Capital Partners’ 13F Portfolio: 1.76%

Number of Hedge Fund Holders: 16

A Canadian mineral exploration company, NovaGold Resources Inc. (NYSE:NG) is engaged in exploring and developing mining properties, and selling exploration rights to mining companies. NovaGold Resources Inc. (NYSE:NG) is listed on the New York Stock Exchange and the Toronto Stock Exchange, and its current project is the development of the Donlin Gold mine in Alaska.

Rothschild’s RIT Capital Partners, as of September this year, holds a $4.5 million stake in NovaGold Resources Inc. (NYSE:NG), which accounts for 1.76% of the firm’s Q3 investments. Overall, 16 hedge funds in the database of Insider Monkey were bullish on NovaGold Resources Inc. (NYSE:NG) as of the third quarter, with a total stake value of $247.8 million. The leading stakeholder in the company is John Paulson’s Paulson & Co, with over 22 million shares worth $152.9 million.

NovaGold Resources Inc. (NYSE:NG) posted its Q3 results on September 29. EPS in the quarter totaled -$0.04, in line with analysts’ consensus estimates.

7. Panacea Acquisition Corp. II (NASDAQ:PANA)

RIT Capital Partners’ Stake Value: $8,775,000

Percentage of RIT Capital Partners’ 13F Portfolio: 3.42%

Number of Hedge Fund Holders: N/A

Panacea Acquisition Corp. II (NASDAQ:PANA) is a blank check company, formed for the purpose of mergers, exchanging and purchasing shares, acquiring assets, corporate reorganization, and similar business combinations with biotech companies across North America and Europe.

Panacea Acquisition Corp. II (NASDAQ:PANA) announced a $150 million initial public offering eight months ago, and the company has yet to create a business combination and generate revenues.

Rothschild, via RIT Capital Partners, holds 900,000 Panacea Acquisition Corp. II (NASDAQ:PANA) shares, worth $8.77 million, representing 3.42% of the firm’s Q3 securities.

Some of the leading stakeholders in Panacea Acquisition Corp. II (NASDAQ:PANA) as of the third quarter include Ari Zweiman’s 683 Capital Partners, Lee Ainslie’s Maverick Capital, and Ken Griffin’s Citadel Investment Group, among others.

6. Ribbit LEAP, Ltd. (NYSE:LEAP)

RIT Capital Partners’ Stake Value: $15,525,000

Percentage of RIT Capital Partners’ 13F Portfolio: 6.05%

Number of Hedge Fund Holders: 23

Ribbit LEAP, Ltd. (NYSE:LEAP), a blank check company recently incorporated in the Cayman Islands, was established with the intention of carrying out mergers, capital stock exchange, acquisition of assets, and similar business combinations with businesses in the financial services and technology sectors, even though Ribbit LEAP, Ltd. (NYSE:LEAP) has stated that an entry in other sectors remains a distinct possibility. As of Q3 2021, Ribbit LEAP, Ltd. (NYSE:LEAP) has not commenced operations and thus there has been no revenue generation.

RIT Capital Partners owns 1.5 million Ribbit LEAP, Ltd. (NYSE:LEAP) shares, worth $15.5 million as of the third quarter, representing 6.05% of the firm’s total investments.

Of the 867 hedge funds tracked by Insider Monkey as of September, 23 funds reported owning stakes worth $218.4 million in Ribbit LEAP, Ltd. (NYSE:LEAP), down from 28 hedge funds in the preceding quarter, with a total stake value of $230.5 million. The leading stakeholder of Ribbit LEAP, Ltd. (NYSE:LEAP) is Daniel Sundheim’s D1 Capital Partners, with 3 million shares valued at $31.38 million.

5. CME Group Inc. (NASDAQ:CME)

RIT Capital Partners’ Stake Value: $23,290,000

Percentage of RIT Capital Partners’ 13F Portfolio: 9.08%

Number of Hedge Fund Holders: 64

One of Jacob Rothschild’s top stock picks from the third quarter is CME Group Inc. (NASDAQ:CME), which is the largest financial derivatives exchange worldwide, trading in multiple asset classes including agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. Some of CME Group Inc. (NASDAQ:CME)’s most notable subsidiaries include the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange.

RIT Capital Partners owns 120,500 shares in CME Group Inc. (NASDAQ:CME), worth $23.29 million as of Q3 2021, representing 9.08% of the hedge fund’s total 13F securities.

CME Group Inc. (NASDAQ:CME) posted its Q3 earnings on October 27. EPS in the period totaled $1.60, beating estimates by $0.05. The $1.11 billion revenue was up 2.7% from the prior-year quarter, but missed estimates by -$36.45 million.

Of the 867 hedge funds in the Q3 database of Insider Monkey, GuardCap Asset Management is the leading CME Group Inc. (NASDAQ:CME) stakeholder, with over 4 million shares worth $778.4 million. Overall, 64 hedge funds reported owning stakes in CME Group Inc. (NASDAQ:CME), with a total stake value of $2.68 billion in the third quarter.

In addition to T-Mobile US, Inc. (NASDAQ:TMUS), Visa Inc. (NYSE:V), and Keurig Dr Pepper Inc. (NASDAQ:KDP), CME Group Inc. (NASDAQ:CME) is a notable stock in Jacob Rothschild’s Q3 portfolio.

Click to continue reading and see Top 4 Stock Picks of Jacob Rothschild's RIT Capital Partners. Suggested articles:

Disclosure: None. Top 9 Stock Picks of Jacob Rothschild's RIT Capital Partners is originally published on Insider Monkey.