Billionaire George Soros Stock Portfolio: Top 10 Stock Picks

5. GFL Environmental Inc. (NYSE:GFL)

Soros Fund Management’s stake as of Q3: $125.87 billion

GFL Environmental Inc. (NYSE:GFL) is a Canadian waste management company offering environmental services to municipal, commercial, industrial, and institutional clients.

On January 8, Raymond James maintained a $50 price target alongside an Outperform rating on GFL Environmental Inc. (NYSE:GFL). The company recently announced the sale of its Environmental Services segment for C$8 billion. This valuation came in roughly 17 times the segment’s trailing 12-month adjusted EBITDA. Moreover, the transaction is expected to enable the company to allocate C$3.75 billion towards its debt reduction alongside C$2.25 billion for share buybacks.

The company also reported notable results in fiscal Q3, achieving a record adjusted EBITDA margin of 31.1%. This growth was driven by strategic pricing and contributions from recent acquisitions. Looking forward, GFL Environmental Inc. (NYSE:GFL) is focused on expanding its recycling and renewable natural gas infrastructure, with roughly $96 million invested in Q3, with plans to allocate about $900 million towards mergers and acquisitions.