In this article, we will be discussing the top 5 stock picks of Charles Paquelet’s Skylands Capital. If you want to see our detailed analysis of Paquelet’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Charles Paquelet’s Skylands Capital.
5. Arch Resources, Inc. (NYSE:ARCH)
Skylands Capital’s Stake Value: $36.4 million
Percentage of Skylands Capital’s 13F Portfolio: 4.5%
Number of Hedge Fund Holders: 28
Formerly known as Arch Coal, Arch Resources, Inc. (NYSE:ARCH) is an American coal mining company involved in the mining, processing, and marketing of bituminous and sub-bituminous coal in the United States.
On October 4, B. Riley analyst Lucas Pipes raised his price target on Arch Resources, Inc. (NYSE:ARCH) to $120 from $87, and kept a Buy rating on the shares of the company.
Charles Paquelet’s Skylands Capital currently holds 393,520 shares of Arch Resources, Inc. (NYSE:ARCH), amounting to more than $36.4 million in worth and accounting for 4.5% of the fund’s total investment portfolio. At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $276 million in Arch Resources, Inc. (NYSE:ARCH), up from 25 in the previous quarter worth $162 million.
4. General Motors Company (NYSE:GM)
Skylands Capital’s Stake Value: $38.6 million
Percentage of Skylands Capital’s 13F Portfolio: 4.77%
Number of Hedge Fund Holders: 86
General Motors Company (NYSE:GM) is a leading multinational automotive corporation that designs and manufactures automobiles. The company operates through its multiple brands, which include Chevrolet, GMC and Cadillac.
On October 26, the company announced a new community charging program to install up to 40,000 Level 2 EV chargers across the United States and Canada, including in underserved, rural and urban communities where charger access is limited. This initiative, which begins in 2022, is part of the company’s recently announced commitment to invest nearly $750 million to expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem.
As of Q3 2021, Skylands Capital holds 733,975 shares of General Motors Company (NYSE:GM). These shares are valued at $38.6 million and represent 4.77% of the hedge fund’s total portfolio value. At the end of the second quarter of 2021, 86 hedge funds in the database of Insider Monkey held stakes worth $7.41 billion in General Motors Company (NYSE:GM). The number of hedge funds that held stakes in the automotive manufacturing company remained the same for the first and second quarters of 2021.
Earlier on October 22, Barclays analyst Brian Johnson raised his price target on General Motors Company (NYSE:GM) to $70 from $68, and maintained an Overweight rating on the shares of the company.
Warren Buffett’s Berkshire Hathaway is the leading shareholder in General Motors Company (NYSE:GM), with over 60 million shares worth more than $3.55 billion.
3. Crown Castle International Corp. (NYSE:CCI)
Skylands Capital’s Stake Value: $47.5 million
Percentage of Skylands Capital’s 13F Portfolio: 5.87%
Number of Hedge Fund Holders: 42
Crown Castle International Corp. (NYSE:CCI) is a real estate investment trust (REIT) that provides shared communications infrastructure in the United States. Its network includes over 40,000 cell towers and nearly 80,000 route miles of fiber supporting cells.
On October 21, Deutsche Bank analyst Matthew Niknam reiterated a Buy rating on the shares of Crown Castle International Corp. (NYSE:CCI), alongside a $175 price target.
As of Q2 2021, 42 hedge funds tracked by Insider Monkey have positions in Crown Castle International Corp. (NYSE:CCI), compared with 43 in the previous quarter. Skylands Capital reported holding 274,500 shares in the company at the end of the third quarter of 2021. These shares amount to more than $47.5 million and represent 5.87% of the investment firm’s portfolio.
ClearBridge Investments mentioned Crown Castle International Corp. (REIT) (NYSE:CCI) in its Q2 2021 investor letter. Here is what the firm has to say:
“Turning to the U.S., U.S. communications company Crown Castle was one of the lead performers. Crown Castle is the leading independent owner and operator of wireless communications infrastructure in the U.S. with a portfolio of approximately 40,000 towers. Crown Castle performed well after the U.S. network operators announced plans to deploy 5G spectrum, with investment much larger and much sooner than the market was anticipating.”
2. Apple Inc. (NASDAQ:AAPL)
Skylands Capital’s Stake Value: $57.13 million
Percentage of Skylands Capital’s 13F Portfolio: 7.05%
Number of Hedge Fund Holders: 138
Multinational technology company Apple (NASDAQ:AAPL) reduced its iPad production by 50% in order to allocate more resources to filling iPhone 13 orders on November 2, a day after the company added to its worldwide lead in the tablet market.
By the end of the third quarter of 2021, Charles Paquelet’s Skylands Capital reported holding 403,750 shares in Apple Inc. (NASDAQ:AAPL), worth more than $57.13 million. These shares accounted for 7.05% of the investment firm’s portfolio value. According to our database, 138 hedge funds were long in Apple Inc. (NASDAQ:AAPL) in the second quarter of 2021, compared to 127 funds in the previous quarter.
On November 2, Morgan Stanley analyst Katy Huberty kept an Overweight rating and $164 price target on Apple Inc. (NASDAQ:AAPL) shares.
Out of the hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway is a leading shareholder in Apple Inc. (NASDAQ:AAPL), with over 887 million shares worth more than $121.5 billion.
In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”
1. Union Pacific Corporation (NYSE:UNP)
Skylands Capital’s Stake Value: $60.2 million
Percentage of Skylands Capital’s 13F Portfolio: 7.43%
Number of Hedge Fund Holders: 69
Union Pacific Corporation (NYSE:UNP) is a transport holding company that operates over 8,300 locomotives through its subsidiary, Union Pacific Railroad Company. The second largest railroad company in the U.S, Union Pacific Corporation (NYSE:UNP) operates across 23 states.
On October 22, TD Securities analyst Cherilyn Radbourne raised the price target on Union Pacific Corporation (NYSE:UNP) to $245 from $240, and kept a Hold rating on the shares following the company’s Q3 earnings results.
According to the 13F filings for the third quarter of 2021, Skylands Capital reported holding 307,170 shares of Union Pacific Corporation (NYSE:UNP). These shares amount to more than $60.2 million, representing 7.43% of the investment firm’s portfolio value.
By the end of the second quarter of 2021, 69 hedge funds out of the 873 tracked by Insider Monkey held stakes in Union Pacific Corporation (NYSE:UNP) worth roughly $5.03 billion. This is compared to 75 hedge funds in the previous quarter with a total stake value of approximately $4.7 billion. Ken Fisher of Fisher Asset Management is among the leading stakeholders of the company.
See also 10 Best Biotech Stocks To Invest In and 10 Best Dividend Stocks Under $20.
