Billionaire Paul Singer’s Top 5 Stock Picks

2. Howmet Aerospace Inc. (NYSE:HWM)

Paul Singer’s Stake Value: $1.4 billion

Percentage of  Paul Singer’s 13F Portfolio: 10.89%

Number of Hedge Fund Holders: 89

Howmet Aerospace Inc. (NYSE:HWM) is one of the oldest American companies out there since it was founded in 1888 and is headquartered in Pittsburg, Pennsylvania. It is responsible for manufacturing components for jet engines and other aerospace applications.

By the end of the second quarter, Elliot Management Capital held 41 million shares of Howmet Aerospace Inc. (NYSE:HWM) worth $1.4 billion and 10.89% of the firm’s portfolio value. 89 of the 873 hedge funds polled by Insider Monkey had a stake in the company during the same time.

In its fourth-quarter 2020 investor letter, investment firm FPA Crescent Fund had the following to say about Howmet Aerospace Inc. (NYSE:HWM):

“Howmet saw its stock price decline by around two-thirds from their Q1 2020 highs. Howmet’s price increased about three times from its low and ended the year at its all-time high. The value of its necessary and large market share business did not fluctuate as much as its stock price.”