Billionaire Dan Loeb’s Top Stock Picks

11. Brookfield Asset Management Ltd. (NYSE:BAM)

Number of Hedge Fund Holders: 22

Third Point’s Stake: $251.1 million

Brookfield Asset Management Ltd. (NYSE:BAM) is an asset management firm focused on property, renewable energy, infrastructure, and private equity. This company presents a solid investment opportunity, supported by the following points. To begin, as per the report for the third quarter of 2024, fee-bearing capital reached $539 billion, marking an increase of nearly $100 billion or 23% year-over-year. This growth was driven by $135 billion of inflows over the last 12 months, growth in the company’s public affiliates, and the acquisition of partnership stakes in leading partner managers. Secondly, the company has plans to enhance BAM’s corporate structure and position BAM for broader equity index inclusion, particularly those in the US. This would simplify the corporate structure of the asset management business, making it easier for investors to understand and value the security.