Activist Billionaire Paul Singer 2023 Portfolio: Top 5 Stock Picks

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1. Triple Flag Precious Metals Corp. (NYSE:TFPM)

Elliott Management’s Stake Value: $2,012,085,173

Number of Hedge Fund Holders: 14

Triple Flag Precious Metals Corp. (NYSE:TFPM) specializes in streaming and royalty contracts related to gold and silver. It acquires and manages streams and royalties associated with precious metals in Australia, Canada, Colombia, Mongolia, Peru, South Africa, and the United States. In Q1 2023, Paul Singer increased his stake in Triple Flag Precious Metals Corp. (NYSE:TFPM) by 4%, holding 134.5 million shares of the company worth over $2 billion. 

On May 1, Stifel started coverage of Triple Flag Precious Metals Corp. (NYSE:TFPM) with a Buy rating and set a price target of C$27. The firm stated in a research note that Triple Flag Precious Metals Corp. (NYSE:TFPM) is a significant player in the precious metals royalty/streaming sector, highlighting its strong growth in attributable gold equivalent ounce production.

According to Insider Monkey’s first quarter database, 14 hedge funds were long Triple Flag Precious Metals Corp. (NYSE:TFPM), up from 8 funds in the preceding quarter. 

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