Dov Gertzulin Portfolio: Top 5 Stocks

2. Summit Materials Inc. (NYSE:SUM)

DG Capital Management’s Stake Value: $23.64 million
Percentage of DG Capital Management’s 13F Portfolio: 5.1%
Number of Hedge Fund Holders: 20

Summit Materials Inc. (NYSE:SUM) is an integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States.

Dov Gertzulin’s DG Capital Management currently holds 678,591 shares in Summit Materials Inc. (NYSE:SUM), amounting to over $23.64 million in worth and accounting for 5.1% of the investment firm’s portfolio. Overall, 20 funds were bullish on the company by the end of the June quarter, compared to 32 in the previous quarter.

On October 28, Wolfe Research analyst Timna Tanners initiated coverage of Summit Materials Inc. (NYSE:SUM) with an Outperform rating and $45 price target.

In the Q2 2021 investor letter of Carillon Tower Advisers, the fund mentioned Summit Materials, Inc. (NYSE:SUM). Here is what the fund had to say:

“Summit Materials is a vertically integrated construction materials-based company that supplies aggregates, cement, ready-mix concrete, and asphalt in the United States and British Columbia. The firm continues to benefit from recent migration trends that favor construction activity in the rural and exurban markets it primarily serves, allowing it to outpace the broader private construction markets. The potential extensive infrastructure plan recently proposed by the Biden administration could also provide an additional tailwind for future growth.”