Paul Singer’s Latest Portfolio: Top 10 Stock Picks

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1. Triple Flag Precious Metals Corp. (NYSE:TFPM)

Elliott Management’s Equity Stake: $2.01 Billion

Number of Hedge Funds Holding Stakes: 18

Triple Flag Precious Metals Corp. (NYSE:TFPM) is a basic materials company that acquires and manages precious metals, streams, royalties, and other mineral interests. It is the biggest holding in Paul Singer’s portfolio, offering exposure to some of the most sought-after minerals. Mainly dealing in gold and silver, the company positions itself as a partner to mining companies in the market by offering up-front funding in return for a share of future output.

Triple Flag Precious Metals Corp. (NYSE:TFPM) has moved to strengthen its revenue streams by acquiring 5% silver and gold streams from the Arcata and Azuca mines in Peru for $35 million. The acquisition should enhance the company’s portfolio as it will gain about 5-6 thousand ounces of gold annually by 2028. Additionally, the company has sought to strengthen its prospects amid growing demand for lithium, which is used in batteries to power electric vehicles and storage solutions.

It has acquired royalty on the Tres Quebradas Lithium project in Argentina. With the acquisition, it gains access to a high-grade lithium brine asset with a multi-decade reserve life and significant resource upside. Triple Flag Precious Metals Corp. (NYSE:TFPM) should start collecting royalty revenue from the project in the second half of the year.

While we acknowledge the potential of Triple Flag Precious Metals Corp. (NYSE:TFPM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TFPM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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