5 Best Stocks to Buy Now According to Billionaire Marc Lasry’s Avenue Capital

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1. Diamond Offshore Drilling Inc. (NYSE:DO)

Avenue Capital’s Stake Value: $89,391,000

Percentage of Avenue Capital’s 13F Portfolio: 44.5%

Number of Hedge Fund Holders: 12

Diamond Offshore Drilling Inc. (NYSE:DO) is another energy company in Avenue Capital’s 13F holdings. The company provides contract drilling services to the energy industry worldwide.

Diamond Offshore Drilling Inc. (NYSE:DO) had total liquidity of $388 million as of this March, including $54 million in unrestricted cash. It is Avenue Capital’s largest holding, making up almost 45% of the fund’s portfolio, and is thus among the top stock recommendations from billionaire Marc Lasry.

Diamond Offshore Drilling Inc. (NYSE:DO) had 12 hedge funds holding stakes in it in the first quarter. Their total stake value was $138 million.

You can also take a look at Billionaire David Abrams’ Top Stock Picks and 10 Most Expensive Luxury Brands In The World.

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