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Obama Stock Portfolio: 10 Year Returns

In this article, we discuss the 10-year returns of the Obama stock portfolio. If you want to read about some more stocks in the Obama stock portfolio, go directly to Obama Stock Portfolio: 10 Year Returns and Top 5 Stocks.

Former United States President Barack Obama presided over one of the worst recessions in US history. But the stock market saw new highs during his tenure. Obama, a still somewhat divisive figure in the finance world, has been on record saying that he has invested in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) and the US Treasury Bills. Obama, whose personal net worth is estimated to be in the tens of millions, has also invested in college savings plans for his daughters. 

10-Year Returns of Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX)

Per latest figures, over the past five years, the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) has returned more than 52% to investors. Over the past ten years, these returns are even more impressive, clocking in at more than 150%. In November 2012, the share price of the fund was around $125. As of November 25, it stands at over $370. 

Our Methodology

These were picked from among the top holdings of Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX), one of the premier investments of Barack Obama when he was in office, according to official disclosures. Data from around 900 elite hedge funds tracked by Insider Monkey in the third quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

Photo by History in HD on Unsplash

Obama Stock Portfolio: 10 Year Returns

10. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 88   

Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems. It is one of the best stocks in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) in which Obama had stakes in during his time in the office. On November 1, Tesla demonstrated the beta version of its driver assistance system for California transportation officials, including outside consultants. Tesla markets the demo of this system as Full Self Driving.

On October 24, Morgan Stanley analyst Adam Jonas maintained an Overweight rating on Tesla, Inc. (NASDAQ:TSLA) stock and lowered the price target to $330 from $350, noting that the company's Q3 report, while in line with consensus expectations, was both stronger and higher quality than expected.  

At the end of the third quarter of 2022, 88 hedge funds in the database of Insider Monkey held stakes worth $7.4 billion in Tesla, Inc. (NASDAQ:TSLA), compared to 73 in the preceding quarter worth $7.2 billion. 

Just like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA) is one of the best stocks in the Obama had stakes in during his time in the office.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Tesla, Inc. (NASDAQ:TSLA) was one of them. Here is what the fund said:

“In 2014, before we began to invest in Tesla, Inc. (NASDAQ:TSLA), I called Roger to ask whether he thought Elon Musk’s electric car business would succeed. I did not believe that Roger, an owner of dealerships that sell cars powered by internal combustion engines (ICE) would likely have a favorable opinion of Tesla’s prospects. That was principally for two reasons:

First, automobile manufacturing and distribution is unusually complicated, capital intensive, and highly regulated, which makes profitability problematic; second, cars with ICE motors require extensive annual maintenance, and dealer services revenues, not profits from automobile sales, are the most important contributor to profits of perpetual licensed ICE car dealerships.

Penske Automotive Group is principally an ICE car dealer. Since electric cars are powered by batteries and need little service, franchised dealerships are incented to sell ICE, not EV automobiles. Further, Roger had been a long-term director of General Motors. General Motors’ ICE automobile business would be disrupted if Tesla were successful. (click here to read more…)

9. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 89     

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. It is one of the top stocks in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) in which Obama had stakes in during his time in the office. On November 3, NVIDIA released a hotfix for its latest Game Ready driver which will fix the issues raised by some players on 28 October by Call of Duty’s lead PC studio Beenox. 

On October 25, Needham analyst Rajvindra Gill maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) stock and lowered the price target to $155 from $170, noting that the company should continue to deliver strong prints during the Q3 earnings season. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in NVIDIA Corporation (NASDAQ:NVDA) with 19.2 million shares worth more than $2.3 billion.  

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and NVIDIA Corporation (NASDAQ:NVDA) was one of them. Here is what the fund said:

“At the company-specific level, there was a broad correction across the entire portfolio. While four of our holdings contributed to performance, the contribution to absolute returns was less than 100bps combined, as unfortunately none of them was large enough to move the needle. We had 16 investments detracting over 100bps each with NVIDIA Corporation (NASDAQ:NVDA), our second largest detractor, costing the Fund 254bps.

NVIDIA’s stock was hit even harder, down 44.4%, impacted by concerns over the health of the consumer, dramatic declines in crypto, and COVID-related lockdowns in China. Despite the sell-off and the increased near-term volatility in its gaming business, NVIDIA’s revenues grew 46% year-over-year with 48% operating margins, driven by continued strength in its data center business as companies across industries adopt AI and ML…(read more)” 

8. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 104      

Berkshire Hathaway Inc. (NYSE: BRK-B) engages in insurance, freight rail transportation, and utility businesses. It is one of the elite stocks in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) in which Obama had stakes in during his time in the office. On October 14, Berkshire Hathaway and Alleghany Corp, an insurance company, revealed that they have received all regulatory approvals which are needed for Berkshire Hathaway’s proposed acquisition of Alleghany Corporation.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Bill and Melinda Gates Foundation Trust is a leading shareholder in Berkshire Hathaway Inc. (NYSE: BRK-B) with 29.7 million shares worth more than $7.9 billion. 

In its Q1 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and Berkshire Hathaway Inc. (NYSE: BRK-B) was one of them. Here is what the fund said:

“Diversified holding company Berkshire Hathaway Inc. (NYSE: BRK-B) reported strong earnings during the quarter and benefited from continued share repurchases below intrinsic value. The company also announced significant deployments of excess cash during the quarter, including the acquisition of Alleghany and a large increase in its stake in Occidental Petroleum.”

7. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110

United Group Incorporated (NYSE:UNH) operates as a diversified healthcare company in the United States. It is one of the premier stocks in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) in which Obama had stakes in during his time in the office. On October 14, UnitedHealth Group posted earnings for the third quarter of 2022, reporting earnings per share of $5.79, beating market estimates by $0.35. The revenue over the period was $80.98 billion, up 11.8% compared to the revenue over the same period last year and beating market estimates by $360 million.

On October 18, Deutsche Bank analyst George Hill maintained a Buy rating on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $615 from $569, highlighting that the company posted solid third quarters results on broad-based strength as membership growth remains robust and value-based arrangements continue to expand.

At the end of the third quarter of 2022, 110 hedge funds in the database of Insider Monkey held stakes worth $10.3 billion in United Group Incorporated (NYSE:UNH), compared to 91 in the preceding quarter worth $10.9 billion. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and United Group Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“UnitedHealth Group Incorporated (NYSE:UNH) reported solid quarterly results and raised 2022 guidance modestly. Additionally, managed care is another industry that is viewed as defensive in the current environment, which helped support UnitedHealth and its peer group.”

6. JPMorgan Chase & Co. (NYSE:JPM)

Number of Hedge Fund Holders: 110   

JPMorgan Chase & Co. (NYSE:JPM) operates as a financial services company worldwide. It is one of the major stocks in the Vanguard 500 Index Fund Investor Shares (NASDAQ:VFINX) in which Obama had stakes in during his time in the office. On October 31, JPMorgan Chase noted that it is testing a payments platform that automates the receipt and invoicing of online rent payments, part of the bank’s immense investment in technology as it tends to compete with fintech startups. 

On October 17, BMO Capital analyst James Fotheringham maintained a Market Perform rating on JPMorgan Chase & Co. (NYSE:JPM) stock and raised the price target to $158 from $149, noting that the company's pre-provision net revenue grew 13% sequentially and that its share repurchases should also resume in Q1 of next year.  

At the end of the third quarter of 2022, 110 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in JPMorgan Chase & Co. (NYSE:JPM), compared to 104 in the preceding quarter worth $5.8 billion. 

In addition to Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), JPMorgan Chase & Co. (NYSE:JPM) is one of the best stocks in the Obama had stakes in during his time in the office.

In its Q1 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and JPMorgan Chase & Co. (NYSE:JPM) was one of them. Here is what the fund said:

“More cyclical sectors, including technology and consumer discretionary, were among the weakest, likely due to rising interest rates and inflation. It was encouraging to see the quarter finish on a strong note with the S&P 500 only about 5% away from its all-time highs. Shares of JPMorgan Chase & Co. (NYSE:JPM) detracted from performance due to the company’s increased expense guidance, announced in January.”

 

Click to continue reading and see Obama Stock Portfolio: 10 Year Returns and Top 5 Stocks.

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Disclosure. None. Obama Stock Portfolio: 10 Year Returns is originally published on Insider Monkey.