Top 5 Stock Picks of Ali Motamed’s Invenomic Capital Management

1. H&R Block, Inc. (NYSE:HRB)

Invenomic Capital Management Stake Value: $9,798,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 3.17%
Number of Hedge Fund Holders: 25

H&R Block, Inc. (NYSE:HRB) specializes in tax preparation and other financial services. The company operates a network of retail locations that provide income tax return preparation and related services, either directly or through franchisees. Among the hedge funds being tracked by Insider Monkey, D E Shaw is a leading shareholder in H&R Block, Inc. (NYSE:HRB) with 1.43 million shares worth $35.75 million.

In November, H&R Block, Inc. (NYSE:HRB) announced a quarterly dividend of $0.27 per share. In Q1 2022, H&R Block, Inc. (NYSE:HRB) posted revenue of $192.62 million, down 53.8% year over year.

At the end of the third quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $196.31 million in H&R Block, Inc. (NYSE:HRB), down from 30 in the preceding quarter worth $229.56 million.

You can also take a peek at Legendary Value Investor Seth Klarman’s Portfolio: Top 10 Stock Picks and Billionaire Ken Griffin’s Portfolio: Top 10 Stock Picks

Follow Insider Monkey on Twitter