Amit Nitin Doshi’s Harbor Spring Capital Portfolio: Top 5 Stock Picks

1. Dell Technologies Inc. (NYSE:DELL)

Harbor Spring Capital’s Stake Value: $53,477,000

Percentage of Harbor Spring Capital’s 13F Portfolio: 3.76%

Number of Hedge Fund Holders: 62

Dell Technologies Inc. (NYSE:DELL) is the top stock pick of Harbor Spring Capital, as of September this year, with the investment firm owning stakes worth $53.4 million in the tech corporation, which accounts for 3.76% of the firm’s Q3 portfolio. Dell Technologies Inc. (NYSE:DELL) is an American multinational technology company that offers personal computers, smart phones, software, computer security, and information security services, among other related products and services. 

As of Q2, 62 hedge funds were bullish on Dell Technologies Inc. (NYSE:DELL), up from 54 in the previous quarter. 

Citi analyst Jim Suva, on November 4, kept a Buy rating on Dell Technologies Inc. (NYSE:DELL), raising the price target from $67.5 to $70. The analyst reported that the shares have outperformed since December 2020, gaining 50% year-to-date. However, Dell Technologies Inc. (NYSE:DELL) was removed from Citi’s US Focus List. 

Here is what Third Point Management has to say about Dell Technologies Inc. (NYSE:DELL) in its Q3 2021 investor letter:

“Michael Dell has created substantial value for shareholders since re-listing the company several years ago. Earlier this year, Dell Technologies announced that it would be spinning its $50 billion stake in VMWare, which we believe will unlock the underappreciated value of the Dell server and PC businesses. Dell’s best attribute has been strong free cash flow generation, which the company has used to de-lever and create significant latent value for equity holders. Looking ahead, we believe this core Dell business, which still trades at a discount to its hardware peer group, should instead command a premium multiple thanks to its leading market share, profitability, and impressive execution. There are few large cap companies which possess a nearly 10% FCF yield, 2.5% dividend yield and 1.5x leverage ratio; Dell is one of them.”

You can also take a look at David Greenspan’s Slate Path Capital is Buying Coinbase, Stitch Fix, and More and Deccan Value Investors’ Top Stock Picks: Facebook, Herbalife and More. 

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