Billionaire Dan Loeb’s Top Stock Picks

Page 3 of 15

13. Cinemark Holdings, Inc. (NYSE:CNK)

Number of Hedge Fund Holders: 37

Third Point’s Stake: $194.9 million

Cinemark Holdings, Inc. (NYSE:CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. This company presents a solid investment opportunity, supported by the following points. Firstly, the report for the third quarter of 2024 showed that the total revenue for the period increased 5.4% to $921.8 million compared with $874.8 million for the prior quarter. This shows growth in business performance, driven by higher ticket sales and the potential for sustained positive performance, which could lead to favorable returns and increased shareholder value. Secondly, the company has achieved multiple all-time domestic records across box office, premium formats, and food and beverage sales throughout the holiday period, reflecting strong consumer demand and operational success.

Page 3 of 15