11 Best New Company Stocks to Buy in 2017

– Number of Hedge Funds With Long Positions (as of March 31): 32
– Aggregate Value of Hedge Funds’ Holdings (as of March 31): $778 million

Silver Run Acquisition Corporation II (NASDAQ:SRUN) is not only another blank check company, but another second-generation blank check company. Despite having its IPO at the tail-end of March, 32 hedge funds quickly pounced on the chance to buy shares. The first iteration of Silver Run Acquisition Corporation acquired a majority stake in Centennial Resource Production, and later renamed itself Centennial Resource Development Inc (NASDAQ:CDEV). That stock has gained 45% lifetime. Jonathon Jacobson’s Highfields Capital Management owns 11.5 million shares of Silver Run Acquisition Corporation II as of the end of March.

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