Josh Friedman’s Canyon Capital Portfolio: Top 5 Stock Picks

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1. CBL & Associates Properties, Inc. (NYSE:CBL)

Canyon Capital’s stake value: $197 Million

Josh Friedman’s Canyon Capital looks optimistic about the future fundamentals of CBL & Associates Properties, Inc. (NYSE:CBL) as the firm lifted its stake in the company by 91% to 10.22% of the overall portfolio during the March quarter. In the second quarter, the hedge fund made no changes to its stake.  CBL owns and manages a portfolio of market-dominant properties located in growing communities. The company filed for chapter 11 bankruptcy and is currently working on restructuring efforts to stabilize its balance sheet. 

As of the end of March, 18 hedge funds were bullish about the company.

You can also take a look at the Billionaire Dan Loeb is Adding These 9 Stocks in his Portfolio and Jim Cramer Is Talking About These 10 Stocks.

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