In this article, we discuss the top 5 stock picks of Ali Motamed’s Invenomic Capital Management. If you want to read our detailed analysis of Motamed’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Ali Motamed’s Invenomic Capital Management.
5. Koppers Holdings Inc. (NYSE:KOP)
Invenomic Capital Management Stake Value: $8,168,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.65%
Number of Hedge Fund Holders: 8
Koppers Holdings Inc. (NYSE:KOP) distributes treated wood products, wood treatment chemicals, and carbon compounds in the United States, Australasia, Europe, and other regions of the globe.
Invenomic Capital Management holds 261,302 shares in Koppers Holdings Inc. (NYSE:KOP), worth $8.17 million. This represents 2.65% of its portfolio. The hedge fund’s stake in Koppers Holdings Inc. (NYSE:KOP) increased by 38% in the third quarter of 2021.
4. Civitas Resources, Inc. (NYSE:CIVI)
Invenomic Capital Management Stake Value: $8,364,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.71%
Number of Hedge Fund Holders: 12
Civitas Resources, Inc. (NYSE:CIVI) makes carbon-neutral oil and gas. In Colorado’s Denver-Julesburg Basin, Civitas Resources, Inc. concentrates on developing and producing crude oil, natural gas, and natural gas liquids. Civitas Resources, Inc. (NYSE:CIVI) declared a quarterly dividend of $0.4625 per share on December 13, up 32.1% from the previous payout of $0.3500 per share.
In the third quarter, Invenomic Capital Management strengthened its position in Civitas Resources, Inc. (NYSE:CIVI) by buying 9,322 additional shares. Richard Driehaus’ Driehaus Capital is Civitas Resources, Inc.’s (NYSE:CIVI) most significant stakeholder, with 391,292 shares worth $18.74 million.
3. Triple-S Management Corporation (NYSE:GTS)
Invenomic Capital Management Stake Value: $8,603,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.79%
Number of Hedge Fund Holders: 16
Triple-S Management Corporation (NYSE:GTS) is a holding business that provides health insurance services. Out of the hedge funds being tracked by Insider Monkey, Alec Litowitz and Ross Laser’s Magnetar Capital is a leading shareholder in Triple-S Management Corporation (NYSE:GTS) with 1.81 million shares worth $63.89 million.
Overall, hedge funds are loading up on Triple-S Management Corporation (NYSE:GTS), as 16 out of the 867 funds tracked by Insider Monkey held stakes in the company in the third quarter, compared to 10 funds a quarter earlier.
2. Stride, Inc. (NYSE:LRN)
Invenomic Capital Management Stake Value: $8,957,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.9%
Number of Hedge Fund Holders: 21
Stride, Inc. (NYSE:LRN) is a tech-based educational firm that provides proprietary and third-party curriculum, software systems, and educational services.
Invenomic Capital Management made its first investment in Stride, Inc. (NYSE: LRN) during the fourth quarter of 2020, worth $4.64 million. In the third quarter of 2021, the fund managed shares worth $8.96 million in the company, which represented 2.9% of the hedge fund’s 13F portfolio.
At the end of the third quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $145.36 million in Stride, Inc. (NYSE: LRN).
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
