4 Best Stocks to Buy According to Billionaire Nelson Peltz

1. Ferguson plc (NYSE:FERG)

Trian Partners’ Stake Value: $1,420,034,000

Percentage of Trian Partners’ 13F Portfolio: 31.2%          

Number of Hedge Fund Holders: 32

Trian Partners further raised its holding in Ferguson plc (NYSE:FERG) during the second quarter by 13% to 12.83 million shares, which ensured that the British-American plumbing giant remained the fund’s top stock pick at the end of that period. Hedge funds tracked by Insider Monkey that disclosed initiating a stake in Ferguson plc (NYSE:FERG) during Q2 included Ricky Sandler’s Eminence Capital and David Greenspan’s Slate Path Capital.

In June, shares of Ferguson plc (NYSE:FERG) rose amid rumors that the company was in talks with a potential buyer for its takeover. However, those rumors were put to rest immediately.

On Setember 2, Trian Partners released a statement announcing that it would be closing its UK-based investment arm Trian Investors 1 and distributing the £440 million in assets it manages, which includes holdings in Ferguson plc (NYSE:FERG), to shareholders. According to Trian Partners:

“The Redemption will allow each shareholder to determine the most opportune time to realise their exposure to ULVR and/or FERG (and, in the case of FERG, taking into consideration its potential eligibility for inclusion in various U.S stock indices, including the S&P 500 Index);

and

The traded market in FERG and ULVR shares is significantly more liquid when compared to trading in the Company’s shares.”

You can also look at 10 Best Housing Stocks To Buy Now and 10 Best Energy Stocks To Buy Now.

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