Michael Hintze’s 2022 Portfolio: Top 5 Stock Picks

3. Ambac Financial Group, Inc. (NYSE:AMBC)

CQS Cayman’s Stake Value: $21,320,000

Percentage of CQS Cayman’s 13F Portfolio: 1.47%

Number of Hedge Fund Holders: 20

Ambac Financial Group, Inc. (NYSE:AMBC) is a New York-based financial services holding company that specializes in financial guarantee insurance policies, specialty property and casualty program insurance, credit derivative contracts, and interest rate derivative transactions. Michael Hintze owned 2 million Ambac Financial Group, Inc. (NYSE:AMBC) shares in Q1 2022, worth $21.3 million, representing 1.47% of his fund’s total 13F portfolio. 

Among the hedge funds tracked by Insider Monkey, 20 funds reported owning stakes in Ambac Financial Group, Inc. (NYSE:AMBC) as of the end of Q1 2022, up from 16 funds in the earlier quarter. Deepak Sarpangal’s Repertoire Partners is a prominent stakeholder of the company, with more than 1 million shares worth about $10.5 million. 

Here is what Gator Capital Management had to say about Ambac Financial Group, Inc. (NYSE:AMBC) in its Q4 2021 investor letter:

“Although higher interest rates will benefit the Fund’s portfolio, we are making sure that the Fund is not simply a bet on higher rates. We have several large holdings with inexpensive valuations and catalysts unrelated to higher interest rates. Ambac (AMBC) has its lawsuit against Countrywide/Bank of America scheduled for September, 2022 which we expect will result in a large cash infusion to the company.”