Activist Investor Paul Singer’s 5 Latest Stock Picks

3. Endeavor Group Holdings, Inc. (NYSE:EDR)

Elliott Management’s Stake Value: $61.68 million

Percentage of Elliott Management’s 13F Portfolio: 0.71%

Number of Hedge Fund Holders: 29

Founded in April 2009 after the merger of the William Morris Agency and the original Endeavor Talent Agency, Endeavor Group Holdings, Inc. (NYSE:EDR) is an American holding company for talent and media agencies with its primary offices in Beverly Hills, California. Paul Singer added Endeavor Group Holdings, Inc. (NYSE:EDR) to his portfolio in the second quarter, with 3 million shares valued at $61.68 million.

Earlier this August, Credit Suisse analyst Douglas Mitchelson lowered his price target on Endeavor Group Holdings, Inc. (NYSE:EDR) to $33 from $40 due to higher interest rates and his refreshed model changes. The analyst maintained an Outperform rating on the shares following quarterly results that were well ahead of estimates due primarily to pull forwards from the second half of 2022.

With roughly 91.97 million shares worth $1.89 billion, Silver Lake Partners is the leading shareholder of Endeavor Group Holdings, Inc. (NYSE:EDR) at the end of Q2 2022. Overall, 29 hedge funds were long Endeavor Group Holdings, Inc. (NYSE:EDR) at the close of the second quarter, with combined holdings worth $3.01 billion.