5 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital

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1. Builders FirstSource, Inc. (NYSE:BLDR)

Soapstone Capital’s Stake Value: $38 million

Percentage of Soapstone Capital’s Portfolio: 17.73%

Number of Hedge Fund Holders: 59

Builders FirstSource, Inc. (NYSE:BLDR) has been a member of Soapstone Capital’s portfolio since the end of 2017. In the fourth quarter of 2021, Jed Nussdorf’s hedge fund slashed its stake in the company by half to capitalize on its recent share price gains. Despite that, Builders FirstSource was the largest stock holding in Soapstone Capital’s portfolio. Shares of Builders FirstSource are up by 71% over the last 12 months. 

The number of bullish hedge fund bets on Builders FirstSource increased to 59 by the end of the fourth quarter of 2021, up from 53 at the end of the previous quarter. 

You can also take a look at the 10 Dividend Stocks to Buy According to Matthew Barrett’s Glendon Capital Management and Best Undervalued Stocks According to Hedge Funds

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