Billionaire Paul Singer’s Top 5 Stock Picks

Below are the billionaire Paul Singer’s top 5 stock picks. for a comprehensive list please see Billionaire Paul Singer’s Top 10 Stock Picks.

5. Marathon Petroleum Corporation (NYSE: MPC)

Paul Singer’s hedge fund has been holding a position in Marathon Petroleum Corporation (NYSE: MPC) since the second quarter of 2019. Shares of the oil and gas refining and marketing company underperformed in 2020 due to pandemic related disruptions. Its shares are down 11% in the last twelve months.

First Eagle Investment Management had highlighted concerns over Marathon Petroleum Corporation fundamentals due to the pandemic. Here is what First Eagle Investment Management stated:

“Pervasive weakness across the energy sector, and in global refining markets and crack spreads specifically, pulled down Marathon Petroleum during the quarter. The stock was further hurt by early-March news that Japanese retailer Seven & i Holdings was scrapping plans to acquire Marathon’s Speedway gas station/convenience stores for $22 billion.”