In this article, we take a look at the top 10 stock picks of Invenomic Capital Management. You can skip our detailed analysis of Invenomic Capital Management’s history, investment philosophy and hedge fund performance and go directly to the Top 5 Stock Picks of Invenomic Capital Management.
Invenomic Capital Management is a US-based investment advisory firm that offers services like portfolio management, investment advice and strategic financial planning. Ali Motamed is the founder of Invenomic Capital Management. He’s also the portfolio manager of the fund. Invenomic Capital Management is centered around the US market and manages a diversified portfolio in order to mitigate any potential investment risk. The investment philosophy at Invenomic Capital Management is diversification, quantitative analysis of annual reports from companies and research.
The hedge fund has a portfolio value of $417 million and the sectors of investment include services, healthcare, financial, consumer goods, technology and utilities among others. The top 10 stock picks of Invenomic Capital Management include names like Kinross Gold Corporation (NYSE: KGC), Stride, Inc. (NYSE: LRN) and H&R Block, Inc. (NYSE: HRB).
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Let’s move down to the top 10 stock picks of Invenomic Capital Management and discuss the stocks in detail.
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10. Triple-S Management Corporation (NYSE:GTS)
ICM’s Stake Value: $5.1 million
Percentage of ICM’s 13F Portfolio: 1.21%
Number of Hedge Fund Holders: 10
Triple-S Management Corporation (NYSE: GTS) is an insurance company headquartered in Puerto Rico. It caters to over 1 million customers. Its primary domain is providing healthcare insurance. It is also the license provider for Blue Cross and Shield Association and holds exclusive rights to it.
Invenomic Capital Management holds over 0.22 million shares in Triple-S Management Corporation (NYSE: GTS) increasing their stake in the company by 129% in the Q2 of 2021 and is also the most bullish hedge fund on the stock.
9. Reinsurance Group of America, Incorporated (NYSE:RGA)
ICM’s Stake Value: $5.2 million
Percentage of ICM’s 13F Portfolio: 1.23%
Number of Hedge Fund Holders: 28
Reinsurance Group of America, Incorporated (NYSE: RGA) is one of the leading global life and health reinsurance companies headquartered in Missouri, USA. Invenomic Capital Management holds over 45K shares in the company increasing their stake by 51% in the Q2 of 2021.
As of Q2 of 2021, Harris Associates is the leading stakeholder in Reinsurance Group of America, Incorporated (NYSE: RGA) with over 3.9 million shares, representing 0.71% of their portfolio.
8. Travelzoo (NASDAQ:TZOO)
ICM’s Stake Value: $5.4 million
Percentage of ICM’s 13F Portfolio: 1.29%
Number of Hedge Fund Holders: 8
Travelzoo (NASDAQ: TZOO) is an internet company centered around tourism, entertainment and lifestyle. It has 30 million members according to its website.
For Q2 of 2021, Travelzoo (NASDAQ: TZOO) filed a revenue of $19 million with EPS of $0.23 beating analyst estimates by $0.17. The company suffered financially due to decrease in holiday travel amid the pandemic but in July of 2021, the company issued a statement that they expect to file a higher revenue and profitability in Q3 of 2021 because “a pattern of recovery is being observed”.
7. Prudential Financial, Inc. (NYSE:PRU)
ICM’s Stake Value: $5.7 million
Percentage of ICM’s 13F Portfolio: 1.36%
Number of Hedge Fund Holders: 28
Prudential Financial, Inc. (NYSE: PRU) is an American company providing services like insurance, investment management, expertise among other financial services. Invenomic Capital Management holds more than 55000 shares in the company after decreasing them by 4% as of Q2 of 2021.
Prudential Financial, Inc. (NYSE: PRU) filed a revenue of $13 billion for Q2 of 2021 with EPS at $3.79 beating analyst estimates by $0.69. Barclays analyst Tracy Benguigui raised the her price target on Prudential Financial, Inc. (NYSE: PRU) to $110 from $102 and kept an Equal-Weight rating on the shares.
As of Q2 of 2021, the hedge fund Arrowstreet Capital is the leading stakeholder in the company with over 2.2 million shares, making up 0.28% of their portfolio.
6. Koppers Holdings Inc. (NYSE:KOP)
ICM’s Stake Value: $6.1 million
Percentage of ICM’s 13F Portfolio: 1.47%
Number of Hedge Fund Holders: 9
Koppers Holdings Inc. (NYSE: KOP) is a company headquartered in Pennsylvania with facilities virtually all over the world. The company produces carbon compounds, provides treated wood products and chemicals used for wood treatment. Invenomic Capital Management holds nearly 0.2 million shares in the company after increasing their stake by 92% as of the Q2 of 2021.
Rubric Capital Management has the biggest stake in Koppers Holdings Inc. (NYSE: KOP) with 1 million shares making up 2.03% of the hedge fund’s portfolio.
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Disclosure: None. Top 10 Stock Picks of Invenomic Capital Management is originally published on Insider Monkey.