In this article, we discuss the 10 stocks Ben Jacob is currently buying. If you want to skip our comprehensive analysis of these stocks, go directly to Ben Jacobs’ Anomaly Capital is Buying These 5 Stocks.
Ben Jacobs is Managing Partner and Chief Investment Officer at Anomaly Capital Management, since launching the hedge fund in 2019. With an undergraduate business degree from The University of Austin at Texas, Ben Jacobs previously held the position of co-Chief Investment Officer at Viking Global Investors LP. Based in New York City, Ben Jacobs’ fund has approximately $1.75 billion of assets under management (AUM), and its top 10 holdings make up 69.07% of the overall portfolio.
With sizeable investments in Lyft Inc. (NASDAQ: LYFT), Expedia Group Inc. (NASDAQ: EXPE), and Fiserv Inc. (NASDAQ: FISV), Anomaly Capital Management is making waves in the hedge fund industry with its vision for growth.
With this context in mind, we picked the 10 best stocks Ben Jacobs’ Anomaly Capital Management is buying, based on 13F holdings data for the second quarter of 2021. These are the top 10 stock picks of the fund, based on its second quarter portfolio.
Best Stocks to Buy According to Ben Jacobs’ Anomaly Capital
10. Tapestry Inc (NYSE:TPR)
Jacobs’ Stake Value: $ 83,051,000
Percentage of Ben Jacobs’ 13F portfolio: 5.24%
Number of Hedge Fund Holders: 41
Tapestry Inc (NYSE: TPR) ranks 10th on Ben Jacobs’ list of top stocks to buy. The company is a provider of luxury products and accessories through its segments: Kate Spade, Coach and Stuart Weitzman. With a market cap of $10.69 billion, Tapestry Inc (NYSE: TPR) has continued its growth unabated by the pandemic’s effects on the stock market.
According to Q2 filings, Ben Jacobs’ Anomaly Capital Management holds 1,910,087 shares worth $83.05 million in Tapestry Inc (NYSE: TPR), which represents 5.24% of the fund’s overall portfolio.
By 2025, China is expected to become the world’s largest market for luxury goods. Tapestry Inc (NYSE: TPR) has positioned itself well to take advantage of this trend, and sales in China increased 46% to $804 million, according to numbers reported in March 2021.
As of the end of the second quarter, 41 hedge funds tracked by Insider Monkey reported owning stakes in Tapestry Inc (NYSE: TPR).
9. Lithia Motors Inc (NYSE:LAD)
Jacobs’ Stake Value: $ 84,252,000
Percentage of Ben Jacobs’ 13F portfolio: 5.31%
Number of Hedge Fund Holders: 63
An automotive franchise giant that deals in the retail of new and used automobiles, Lithia Motors Inc (NYSE: LAD) ranks 9th on Ben Jacobs’ list of top stocks to buy. 63 hedge funds tracked by Insider Monkey hold stakes worth $2.92 billion in Lithia Motors Inc (NYSE: LAD) as of the second quarter of 2021. This shows that hedge fund sentiment is positive for the car retailer, as 40 hedge funds held stakes in the company in the previous quarter, having a total worth of $2.31 billion.
8. CF Industries Holdings Inc (NYSE:CF)
Jacobs’ Stake Value: $ 86,504,000
Percentage of Ben Jacobs’ 13F portfolio: 5.46%
Number of Hedge Fund Holders: 47
Ranking 8th on Ben Jacobs’ list of top stocks to buy, CF Industries Holdings Inc (NYSE: CF) is a manufacturer of nitrogen fertilizer based in Illinois, United States. Anomaly Capital Management as of Q2 holds 1,681,316 shares in the company, valued at $86.50 million which represents 5.46% of the fund’s overall portfolio.
On 7th October, research firm RBC Capital’s analyst Andrew Wong kept a rating of ‘Sector Perform’ on the CF Industries Holdings Inc’s (NYSE: CF) stock, raising the price target to $65 from $57. The analyst further assessed that strong nitrogen pricing heading into 2022 would factor into the company’s growth.
Out of the 873 hedge funds tracked by Insider Monkey, 47 hedge funds held stakes worth $955.52 million in CF Industries Holdings Inc (NYSE: CF) in the second quarter of 2021.
7. Match Group Inc (NASDAQ:MTCH)
Jacobs’ Stake Value: $ 97,087,000
Percentage of Ben Jacobs’ 13F portfolio: 6.12%
Number of Hedge Fund Holders: 63
Match Group Inc (NASDAQ: MTCH) ranks 7th on Ben Jacobs’ list of top stocks to buy. The company holds multiple popular dating platforms in its portfolio, including Tinder, OkCupid and Match.
As of Q2 2021, Ben Jacobs’ Anomaly Capital Management holds 602,088 shares in Match Group Inc (NASDAQ: MTCH) valued at $97.08 million, which represents 6.12% of the fund’s total holdings.
Match Group Inc (NASDAQ: MTCH) is the market leader in the online dating space, and looks set towards continued long-term growth. The firm’s recent acquisition of Hyperconnect increased its total addressable market, signaling towards optionality moving forward.
As of Q2 2021, 63 hedge funds out of the 873 tracked by Insider Monkey held positions worth $3.36 billion in Match Group Inc (NASDAQ: MTCH).
6. Teck Resources Ltd (NYSE:TECK)
Jacobs’ Stake Value: $ 98,953,000
Percentage of Ben Jacobs’ 13F portfolio: 6.24%
Number of Hedge Fund Holders: 40
Teck Resources Ltd (NYSE: TCK) is a resource company that deals in the exploration and mining of natural resources in Asia, North America and Europe.
Anomaly Capital Management, Jacobs’ hedge fund, owns 4,294,827 shares in the company valued at $98.95 million, which represents a 6.24% slice of his overall portfolio, according to data for Q2 2021.
On 14th October, research firm Raymond James kept its ‘Outperform’ rating on the stock, raising the price target to C$42 from C$39.
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Disclosure: None. Ben Jacobs’ Anomaly Capital is Buying These 10 Stocks is originally published on Insider Monkey.
