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Billionaire Asness Sold Cisco Systems (CSCO) and Bought Eli Lilly and Company (LLY)

The article from MSN Money discusses the recent investment moves by billionaire investor Cliff Asness, co-founder of AQR Capital Management. Asness has sold off his shares in Cisco Systems (CSCO), a company known for its networking hardware, possibly due to concerns over its growth prospects or market conditions. Conversely, he has increased his stake in Eli Lilly and Company (LLY), a major pharmaceutical firm. This shift might reflect Asness's strategy to invest in sectors with more predictable growth, like pharmaceuticals, especially given Eli Lilly's strong position in diabetes care and potential in other therapeutic areas. The article suggests that Asness's decisions could be influenced by his quantitative investment approach, focusing on momentum, value, and quality factors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/billionaire-asness-sold-cisco-systems-csco-and-bought-eli-lilly-and-company-lly/ar-AA1vsn6f ]


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