Mario Gabelli Stock Picks for 2023: Top 5

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1. Herc Holdings Inc. (NYSE:HRI)

GAMCO Investors’ Q4 2022 Stake: $238 million

Number of Hedge Fund Holders in Q3 2022: 25

Herc Holdings Inc. (NYSE:HRI) is a rental firm that provides industrial equipment such as trucks, air compressors, and earthmoving machines.

Herc Holdings Inc. (NYSE:HRI) saw reduced interest from the renowned activist investor Carl Icahn during Q4 2022 as he reduced his take in the firm by 8.1% to 3.7 million shares. During the same time period, Mr. Gabelli’s hedge fund owned 1.8 million Herc Holdings Inc. (NYSE:HRI) shares that were worth $238 million.

In the third quarter of 2022, 25 of the 920 hedge funds polled by Insider Monkey had also owned Herc Holdings Inc. (NYSE:HRI)’s shares.

Despite the reduction, Herc Holdings Inc. (NYSE:HRI)’s largest investor is Carl Icahn’s Icahn Capital LP which owns 3.69 shares that are worth $486 million.

Follow Herc Holdings Inc (NYSE:HRI)

Disclosure: None. You can also take a peek at 12 Biggest Industrial Software Companies in the World and 10 Hot Healthcare Stocks To Buy Now.

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