5 Best Stocks to Buy Now According to Billionaire Jeffrey Talpins

01. Albertsons Companies, Inc. (NYSE:ACI)

Element Capital’s Stake Value: $26.992 million

Percentage of  Element Capital’s 13F portfolio: 13.54%

Number of  Hedge Fund Holders: 37

After receiving $1.25 billion from investors for its initial public offering (IPO), Albertsons Companies, Inc. (NYSE:ACI) began trading publicly in June 2020. Numerous grocery stores are operated by Albertsons Companies, Inc. (NYSE:ACI) under a variety of brand names, primarily in the northeastern and western parts of the US. Additionally, it runs a large number of supermarkets and associated businesses that sell their goods mostly offline.

Element Capital Management is extremely bullish on Albertsons Companies, Inc. (NYSE:ACI) as it increased its stake by 3857% during Q2, holding 1.010 million of its shares worth roughly $26.992 million. At the end of the second quarter of 2022, 37 of the 895 hedge funds we track had a long position in Albertsons Companies, Inc. (NYSE:ACI), down from 39 funds in the previous quarter.

You can also take a look at the Top 10 Stock Picks of Mark Kleiman’s Factorial Partners and Top 10 Stock Picks of Minerva Advisors.

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