Mitch Rubin’s RiverPark Advisors Portfolio: Top 5 Stock Picks

1. Blackstone Inc. (NYSE:BX)

RiverPark Advisors’ Stake Value: $30,968,000

Percentage of RiverPark Advisors’ 13F Portfolio: 3.95%

Number of Hedge Fund Holders: 54

Blackstone Inc. (NYSE:BX) is the largest holding in Mitch Rubin’s investment portfolio as of June this year. Rubin, via RiverPark Advisors, owns 318,795 shares in Blackstone Inc. (NYSE:BX), worth $30.96 million, representing 3.95% of the firm’s Q2 portfolio. Blackstone Inc. (NYSE:BX) is an alternative investment management company specializing in private equity, real estate, and mergers and acquisitions. 

As of the second quarter, 54 hedge funds in Insider Monkey’s exclusive database were bullish on Blackstone Inc. (NYSE:BX), up from 49 in the previous quarter. 

On October 21, Blackstone Inc. (NYSE:BX) reported earnings for Q3. EPS for the quarter equaled $1.28, beating estimated EPS by $0.36. The Q3 revenue came in at $3.04 billion, surpassing revenue estimates by $872.27 million. 

BofA analyst Craig Siegenthaler, on November 4, reinstated coverage of Blackstone Inc. (NYSE:BX) with a Buy rating and a $182 price target, indicating a total return potential of 30% to 35%. By expanding in the retail channel, Blackstone Inc. (NYSE:BX) can achieve exceptional earnings growth, according to the analyst. 

Here is what Artisan Partners has to say about Blackstone Inc. (NYSE:BX) in its Q2 2021 investor letter:

“Top contributors included The Blackstone Group. Investment stalwart Blackstone Group’s virtuous cycle is in full swing. Throughout Blackstone’s history, excellent investment performance and capital protection have allowed the firm to increase fundraising in existing verticals as well as launch new endeavors. Historically, less than 10% of assets under management matures in any given year, and that number should move lower with continued growth in perpetual capital vehicles. Blackstone’s A+ rated balance sheet and capital-light model are the backbone of its 85% of cash flow distribution policy via a variable quarterly dividend.”

You can also take a look at 10 Stocks Making Noise After Releasing Their Earnings Reports and 10 Most Shorted Stocks Hedge Funds Are Buying. 

Follow Insider Monkey on Twitter