5 Stocks to Invest In According to Bart Baum’s Ionic Capital

2. Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH)

Ionic Capital Stake Value: $20,633,000
Percentage of Ionic Capital’s 13F Portfolio: 2.62%
Number of Hedge Fund Holders: 55

Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) is a blank check corporation created to execute a merger, asset acquisition, capital stock exchange, reorganization, stock purchase, or other similar business combinations with one or more firms. On July 22, 2020, billionaire investor Bill Ackman’s Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) raised $4 billion in its initial public offering of 200 million shares at $20 a share.

Bart Baum’s Ionic Capital presently holds more than 1.05 million shares of Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), worth $20.63 million and accounting for 2.62% of the fund’s Q4 investment portfolio. The company has featured on Baum’s portfolio since the third quarter of 2020.

At the end of the fourth quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $964.92 million in Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), up from 49 in the preceding quarter worth $ 798.59 million.