5 Best Stocks to Buy in 2022 According to Billionaire Richard Chilton

3. Canada Goose Holdings (NYSE:GOOS)

Chilton Investment Company’s Stake Value: $1.8M

Percentage of Chilton Investment Company’s 13F Portfolio: 0.04%

Number of Hedge Fund Holdings: 17

Founded under the name of Metro Sportswear Ltd. in 1957, Canada Goose Holdings Inc. (NYSE:GOOS) is a Canadian holding company of winter clothing manufacturers based in Toronto, Canada. It serves retail stores in cities across the United States, Canada, Japan and the UK, marketing a wide array of products including jackets, parkas, vests, hats, gloves, shells and other apparel, selling them online and wholesale. The brand is primarily known for its distinctive red, blue and white circular logo. Bill Miller’s Miller Value Partners is the majority shareholder of Canada Goose Holdings Inc. (NYSE:GOOS), with shares worth more than $33.5 million. The steady increase in hedge fund holdings indicate an increase in investor interest in the stock.

Chilton has capitalized on this increased interest by buying 70,185 shares this last quarter, cementing a significant stake in Canada Goose Holdings Inc. (NYSE:GOOS) of $1.8 million. This has led to the company making up 0.04% of Chilton’s 13F portfolio this fiscal quarter.

In their Q1 2020 investor letter, this is what investment management firm Miller Value Partners had to say about Canada Goose Holdings Inc. (NYSE:GOOS):

“Canada Goose (NYSE:GOOS) is a premium luxury brand focused on outerwear. It was one of the first to announce problems from the pandemic because of its Asian presence. The stock was $55 a year ago, over $30 in February and $21 today. While this one looks more expensive on today’s numbers at 22x earnings, this unique kind of brand typically trades for a premium and we believe it still has nice growth potential. We think it has greater than 50% recovery potential plus the ability to compound capital over the long term.”