5 Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management

1. Lumen Technologies, Inc. (NYSE:LUMN)

Southeastern Asset Management’s Stake Value: $813.90 million

Southeastern Asset Management’s 13F Portfolio: 15.44%

Number of Hedge Fund Holders: 25

Lumen Technologies, Inc. (NYSE:LUMN) is Mason Hawkins’ top holding, with 65.69 million shares valued at $813.90 million, making up 15.44% of his overall portfolio. In comparison to the last quarter, where he held 61.66 million shares of Lumen Technologies, Inc. (NYSE:LUMN), Hawkins upped his stake in the company by 7%.

In December, Lumen Technologies, Inc. (NYSE:LUMN) won a network contract from the U.S. Army Reserve Command, to provide VPN services and remote access solutions to more than 650 Army Reserve locations across the United States. The contract has an initial term of one year with 10 one-year options and is worth $23 million.

25 hedge funds were long Lumen Technologies, Inc. (NYSE:LUMN) at the close of the third quarter, with combined holdings of $941.37 million. In comparison, 33 hedge funds held stakes in the firm a quarter earlier.

Investment firm Longleaf Partners Fund is mentioned in its Q3 2021 investor letter. Here’s what the fund said:

“Finally, had you told us two years ago that CNX would 1) accretively buy in its pipeline assets to be the low-cost player in the basin; 2) further lock in FCF with hedges; 3) buy back a material amount of shares to grow FCF/share power above $2; 4) finally see more E&P industry consolidation, we would not have expected a sub-$12 stock price. But now that gas prices are up, hedges are viewed by the market as a negative, and sellsiders struggle for a short-term “catalyst.” We expect CNX to create more catalysts and continue to take advantage of its dramatically undervalued stock price.”

You can also take a look at 10 Best High Yield Stocks To Buy Now and Cathie Wood’s Top 10 Stock Picks.

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