Billionaire Mason Hawkins’ Top 15 Long-Term Stock Picks 

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11. Empire State Realty Trust, Inc. (NYSE:ESRT)

Number of Hedge Fund Holders: 17  

Empire State Realty Trust, Inc. (NYSE:ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. Southeastern Asset Management’s Q3 2023 filing revealed ownership of 1.8 million shares in the company, valued at over $20.7 million and comprising 0.98% of its 13F portfolio. Strong revenue growth, core funds from operations, and strategic leasing activity are the notable factors that make the stock a compelling investment opportunity in the real estate sector. While the earnings demonstrate solid operational performance and effective cost management, the company has signed important leases, such as an 11-year, 24,503 square foot agreement with Dynadmic Corporation at 1350 Broadway and an 11-year, 24,209 square foot lease with Bloomsbury Publishing at 1359 Broadway in the past few months.

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