Billionaire John Paulson’s 5 Biggest Stock Picks

3. BrightSphere Investment Group Inc. (NYSE:BSIG)

Paulson’s Stake Value: $468.6 million

Percentage of John Paulson’s 13F Portfolio: 11.2%

Number of Hedge Fund Holders: 29

BrightSphere Investment Group Inc. (NYSE: BSIG) operates as an asset management firm. The Boston-based company was founded in 1980 and stands third on the list of billionaire John Paulson’s 10 biggest stock picks. The company has a market capitalization of $2.09 billion, and its shares are up 74.15% over the last 12 months.

Paulson & Co. held over 20 million shares of $468.6 million BrightSphere Investment Group Inc. (NYSE:BSIG) by the end of the second quarter of 2021, representing 11.19% of the the fund’s total portfolio value. By the end of the second quarter of 2021, 29 hedge funds out of the 873 tracked by Insider Monkey held stakes in BrightSphere Investment Group Inc. (NYSE:BSIG) worth around $775.7 million, up from 26 hedge funds in the previous quarter with stakes worth over $642 million.

On July 29, BrightSphere Investment Group Inc. (NYSE:BSIG) issued its quarterly earnings report for the second quarter of 2021, with a reported EPS at $0.40, crossing market estimates by $0.08. The revenue for the quarter came in at $133.40 million, surpassing estimates by $10.15 million.

 On April 9, BofA analyst Michael Carrier upgraded BrightSphere Investment Group to “Buy” from “Neutral” with a price target of $27, up from $22.

Third Avenue Management, in its second quarter 2021 investor letter, mentioned BrightSphere Investment Group Inc. (NYSE:BSIG). Here is what the fund had to say:

“The time-arbitrage/special-situations bucket predominantly comprises other out-of-favor, misunderstood companies such as BrightSphere. This company is cyclical and currently out of favor, but given its strong financial positions, Fund Management believes they have the luxury of time and capital to invest and grow until the clouds dissipate.”