5 Best Real Estate and Realty Stocks To Buy According To Hedge Funds

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1. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 60

Blackstone Inc. (NYSE:BX) is an American alternative investment management firm headquartered in New York City. Blackstone’s private equity division has been among the leading investors in leveraged buyouts over the past three decades, and its real estate segment has been actively involved in acquiring commercial real estate.

Based on Insider Monkey’s first-quarter database, 60 hedge funds held positions in Blackstone Inc. (NYSE:BX), compared to 45 funds in Q1. Thomas Steyer’s Farallon Capital is the company’s largest shareholder, holding 3.05 million shares valued at $284.3 million.

2023 investor letter:

“Lastly, we also continued building two of our newer positions, the largest independent broker-dealer, LPL Financial Holdings Inc., which remains well positioned to win market share in a growing industry as advisors continue shifting to independent broker dealers; and the leading alternative asset manager, Blackstone Inc. (NYSE:BX), which we believe stands to benefit from the continued shift to alternative asset management. Jamie Dimon, JP Morgan’s CEO, described how the potential changes in regulatory requirements from banks (such as increasing capital rations to 20%) during the company’s most recent earnings could provide an additional boost for alternative asset managers: “This is great news for hedge funds, private equity, private credit, Apollo, Blackstone, and there’s dancing in the streets.”

Follow Blackstone Inc. (NYSE:BX)

Disclosure: None. You can also take a look at 12 Best Artificial Intelligence (AI) Stocks To Buy According to Hedge Funds and 11 Best Stocks to Buy in Falling Markets According to Hedge Funds.

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