In this article, we will take a look at Billionaire Paul Singer’s Top 5 Stock Picks. If you want a greater depth about him and his investment firm, then head over to Billionaire Paul Singer’s Top 10 Stock Picks.
5. Evergy, Inc. (NYSE:EVRG)
Paul Singer’s Stake Value: $637 million
Percentage of Paul Singer’s 13F Portfolio: 4.91%
Number of Hedge Fund Holders: 21
Evergy, Inc. (NYSE:EVRG) is another old American company that was founded in 1909 and is headquartered in Kansas City, Missouri. It is an electricity provider that has a power generation capacity that spans into thousands of megawatts. Evergy, Inc. (NYSE:EVRG)’s power generation portfolio includes all types of technologies including wind, nuclear and traditional means.
Paul Singer’s Elliot Management Capital holds 10.5 million shares of the company that are worth $637 million and represent 4.9% of the firm’s overall portfolio. Out of the 873 hedge funds polled by Insider Monkey by the second quarter, 21 held a stake in Evergy, Inc. (NYSE:EVRG).
4. Marathon Petroleum Corporation (NYSE:MPC)
Paul Singer’s Stake Value: $638.6 million
Percentage of Paul Singer’s 13F Portfolio: 4.9%
Number of Hedge Fund Holders: 48
Marathon Petroleum Corporation (NYSE:MPC) is a young company headquartered in Findlay, Ohio. It is responsible for mining and selling petroleum products and the company of is also one of the largest petroleum companies in the United States.
By the end of the second quarter of this year, Paul Singer’s investment firm held 10.5 million shares of Marathon Petroleum Corporation (NYSE:MPC) that amount to a dollar value of $638.6 million and represented 4.9% of the firm’s holdings. During the same time period, 48 out of the 873 hedge funds polled by Insider Monkey held a stake in the oil company.
3. Twitter, Inc. (NYSE:TWTR)
Paul Singer’s Stake Value: $688 million
Percentage of Paul Singer’s 13F Portfolio: 5.29%
Number of Hedge Fund Holders: 89
Twitter, Inc. (NYSE:TWTR) is a popular social media platform headquartered in the United States that allows its users to communicate with each other by sharing brief snippets of information and also by sharing videos and other content such as news items.
Paul Singer’s Elliot Management Capital held 10 million shares of the company by the end of the second in a stake worth a whopping $688 million that represented 5.29% of the investment firm’s holdings. During the same time period, out of the 873 hedge funds polled by Insider Monkey, 89 held a stake in Twitter, Inc. (NYSE:TWTR).
In its second quarter investor letter, ClearBridge Investments had the following to say about the company:
“Not every portfolio company will neatly fit into one of these four growth segments and some may move from one to another over time. Social media platform Twitter could be considered an improving growth story due to the initiatives put in place to grow and better monetize its user base. With the global return of live events and sports causing a rebound in advertising, combined with other new services beginning to thrive, this is a company with the fundamentals to be categorized as a disruptor.”
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.”
1. Dell Technologies Inc. (NYSE:DELL)
Paul Singer’s Stake Value: $2.48 billion
Percentage of Paul Singer’s 13F Portfolio: 19.04%
Number of Hedge Fund Holders: 62
Dell Technologies Inc. (DELL) is the iconic American consumer electronics firm that is associated with introducing customizable personal computers based on customer choice. Founded by the well known billionaire Michael Dell in 1984, it has grown to be one of the largest and most famous computer companies in the world.
By the end of the second quarter, Elliot Management Capital held 24.8 million Dell Technologies Inc. (DELL) shares that were worth $2.48 billion and made for 19.04% of the fund’s portfolio holdings. During the same time period, 62 of the 873 hedge funds polled by Insider Monkey held a stake in the company.
Disclosure: None. You can also take a peek at the 30 Most Popular Stocks Among Hedge Funds and 10 Best Lithium and Battery Stocks To Buy Now.
