Simon Sadler’s Segantii Capital is Bullish on These 5 Stocks

1. First Horizon Corporation (NYSE:FHN)

Segantii Capital’s Stake Value: $253,190,000

Percentage of Segantii Capital’s 13F Portfolio: 7.31%

Number of Hedge Fund Holders: 44

First Horizon Corporation (NYSE:FHN) was Segantii Capital’s top stock pick at the end of the first quarter. Shares of First Horizon Corporation (NYSE:FHN) shot up in late February after the company announced that it would get acquired by The Toronto-Dominion Bank (NYSE:TD) in a deal that valued the company at $13.4 billion.

On May 31, 2022, shareholders of First Horizon Corporation (NYSE:FHN) approved this deal, and analysts expect this acquisition to get completed soon. For its most recent quarter, First Horizon Corporation (NYSE:FHN) reported an adjusted EPS of $0.34, which was slightly lower than analysts’ estimate of $0.35 and also lower than the $0.38 that the company reported in the first quarter and $0.58 that it reported for the same quarter last year.

During the first quarter of 2022, shares of First Horizon Corporation (NYSE:FHN) were held by 44 hedge funds out of the 912 Insider Monkey tracks, up from 24 hedge funds that reported a holding in the company at the end of 2021.

You can also look at the 6 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management and Billionaire Daniel Sundheim’s D1 Capital Portfolio: Top 10 Stock Picks.

Follow Insider Monkey on Twitter