There is huge upward potential in the stock pick of unknown billionaire Phil Gross

We recently released a list 10 stocks of unknown billionaire Phil Gross with huge upward potential. In this article, we will take a look at the location of Conocophillips (NYSE:COP) with other stock picks with huge upward potential for unknown billionaire Phil Gross.

Phillip “Phil” Gross is an experienced investor and influential figure who is co-founder, managing director, managing director and healthcare portfolio manager of Adage Capital Management. Robert Atchinson is his longtime collaborator and co-founder Robert Atchinson as the company’s portfolio manager, while Gross’s leadership and strategic vision plays a foundation in shaping Adage’s long-term investment philosophy and reputation. The two worked as donation analysts at Harvard University in the mid-1980s. Their professional synergy led them to leave Harvard Management in the 1990s after conducting a public review of performance-based bonuses. With Harvard’s initial $1.8 billion investment backed and a deal to acquire 10% of the company’s revenue for the university, they launched Adage Capital Management in 2001 with a team of 18 people.

Under Gross's co-led leadership, Adage has become a key player in client management assets in prestigious institutions such as Harvard, Dartmouth College, Northwestern University, the American Red Cross and the Getty Foundation. The company specializes in long/short equity strategies guided by fundamental analysis and conducts risk arbitrage and event-driven opportunities when market conditions are favorable. Adage Capital Management and its predecessor, Harvard Management, featured equity group, has consistently surpassed the broader market benchmark by 3.5% over the past 15 years. This proves that GROSS helps instill disciplines in a research-driven investment framework.

Gross himself has brought a deep background to healthcare investment, serving at Harvard Management for nearly two decades, holding various positions including healthcare and retail analysts, equity research director and partner. His academic certificates include Bachelor of Finance and Economics from the University of Wisconsin (1982) and MS from Investments (1983). He is still actively interacting with his alma mater and serves on the advisory board of Steve Hawk Applied Securities Analysis Center and Nicholas Applied Companies Financing Center. In recognition of his professional achievements and continued contribution, Gross received the Distinguished Alumni Award from the University of Wisconsin Business School in 2006.

Beyond finance, Gross is a determined philanthropist. He co-founded the Strategic Grant Partner, an organization dedicated to driving systemic changes in education and family services throughout Massachusetts. He also serves as Vice President of the Board of Directors of Youth Enrichment Services, a nonprofit organization that provides outdoor entertainment experiences for urban youth. Additionally, he holds a board position with the American Skiing and Skiing Association, where he serves as Vice Chairman of the Investment Committee and a board position with the T2 Foundation.

Adage Capital Management reported $57.19 billion in custodial securities for the latest 13F filings filed in Q4 2024, with the top ten holdings accounting for 31.7% of the total portfolio portfolio, indicating a strategic but diversified approach to asset allocation. Although Atchinson oversees day-to-day portfolio management, Gross's enduring influence and expertise, especially in healthcare investment, continues to shape the company's long-term success and institutional credibility.

We searched Adage Capital Management's 4th quarter 2024 13F file to identify the stock picks of unknown billionaire Phil Gross with the highest upside potential. At the time of writing, we compiled stocks with upside potential above 34%, and discussed why they are powerful potential investments. Finally, we rank stocks according to the rising order of their upward potential. To help readers provide more environments, we use data from 1,009 hedge funds tracked in the fourth quarter of 2024 with Insider Monkey refer to hedge fund sentiment around each stock.

Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our quarterly newsletter strategy selects 14 small and large stocks every quarter, returning 363.5% since May 2014, exceeding 208 percentage points (See more details here).

The underground pipeline network transports oil through wide terrain.

Number of hedge fund holders as of the fourth quarter

Adage Capital Management's equity: $428.23 million

As of May 2: 34.90%

Conocophillips (NYSE:COP) is a global leader in independent exploration and production, with operations covering the exploration, production, transportation and marketing of crude oil, asphalt, natural gas, natural gas liquids and liquefied natural gas. Despite the same period in earnings in 2024, the company maintained its approach to disciplinary capital allocation and shareholder value. In the fourth quarter of 2024, ConocoPhillips reported earnings of $2.3 billion, or $1.90 per share, down from $3 billion or $2.52 per share in the same quarter of the previous year. Annual revenue totaled $9.2 billion, or $7.81 per share, down from $11 billion per share or $9.06 per share in 2023. However, the company achieved reliable operational results, strengthening shareholders’ $9.1 billion through a strategic acquisition of marathon oil and strengthening its portfolio. The company's stock has seen a 34.9% increase in stock price with a strong balance sheet, including $6.4 billion in cash and short-term investments and $1.1 billion in long-term investments, giving it a huge upside potential in Phil Gross' 10-share stock picks.

Looking ahead to 2025, Conocphillips (NYSE:COP) targets $10 billion in shareholder returns, reaffirming its commitment to deliver consistent value through dividends and stock buybacks. To this end, the company announced a first-quarter ordinary dividend of $0.78 per share. CEO Ryan Lance highlighted the company's focus on returns-driven strategies based on operational efficiency and disciplined growth.

In a related development that underscores the value of ConocoPhillips (NYSE:COP)'s operated assets, Rising Phoenix Capital, a boutique investment firm focused on oil and gas mineral royalty acquisitions, announced a strategic acquisition of mineral interests in Ector and Midland Counties, Texas, within ConocoPhillips-operated acreage. The move reflects investors' confidence in the operations of Conocophillips (NYSE:COP) and the long-term value of its core Permian assets.

Diamond Hill Big Hat Strategy points out the following about Conocophillips (NYSE:COP) in its Q2 2024 Investor's letter:

“Other bottom contributors in the second quarter include Carmax, Target Corporation and conocophillips (NYSE:COP). Shares of oil and gas exploration and production company conocophillips fell against the backdrop of lower oil prices in the second quarter and were concerned about expensive but strategically reasonable acquisitions of marathon oil. ”

Overall, the police Ranked 10th There is huge upside potential in the stock picks of our unknown billionaire Phil Gross. While we acknowledge the potential of these stock options, our belief is that AI stocks provide higher returns in a shorter time frame and do this during this period. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than the police but have less than 5 times the gains, check out our report Cheapest AI stocks.

Read the next article: Buy 20 Best AI Stocks Now and According to the billionaire, there are now 30 best stocks.

Disclosure: None. This article was originally published in Internal monkey.