Billionaire Rob Citrone’s Top 5 Stock Picks

1. Compass, Inc. (NYSE:COMP) 

Discovery Capital Management’s stake value: $155.3 million

Percentage of portfolio: 13.32%

Number of hedge fund holders: 28

Compass, Inc. (NYSE:COMP) lost around 70% of its value in the last 12 months, and Rob Citrone’s hedge fund may be losing patience, as it slashed its stake in the company by 26% during the first quarter. Despite the stake sale, Discovery Capital Management is the leading stakeholder in the company, according to data tracked by Insider Monkey, and the stock remains Citrone’s top pick.

Compass is a cloud-based platform engaged in providing an integrated suite of software for marketing, customer relationship management, and other operations. It is also engaged in offering brokerage services in the real estate industry. The significant growth in mortgage rates over the last couple of months along with declining demand has negatively impacted COMP’s share price.

Of the 912 hedge funds tracked by Insider Monkey, 28 were bullish about the company. Like Discovery Capital, Thrive Capital and Immersion Capital were also among the leading stakeholders in the company. 

You can also take a look at Jim Cramer’s Recession Portfolio: Top 10 Stock Picks and 10 Best High Risk High Reward Stocks to Buy Now.

Follow Insider Monkey on Twitter