5. PG&E Corporation (NYSE:PCG)
Mr. Morgan’s Stake Value: $18 million
Percentage of Mr. Morgan’s 13F Portfolio: 1.09%
Number of Hedge Fund Holders: 64
PG&E Corporation (NYSE:PCG) is an American electricity and natural gas provider that was founded in 1096 and is headquartered in California. The company focuses its distribution in the West Coast state of California and it owns thousands of miles of electricity wires and gas lines.
Mr. Morgan’s Brigade Capital held 1.7 million PG&E Corporation (NYSE:PCG) shares by the end of June this year, which were worth $18 million and represented 1.09% of the firm’s total holdings. At the same time, 64 of the 873 hedge funds poled by Insider Monkey held a stake in the company.
PG&E Corporation (NYSE:PCG)’s largest shareholder is Daniel Loeb’s Third Point who owns 81 million shares worth $833 million.
4. Magnachip Semiconductor Corporation (NYSE:MX)
Mr. Morgan’s Stake Value: $24 million
Percentage of Mr. Morgan’s 13F Portfolio: 1.47%
Number of Hedge Fund Holders: 35
Magnachip Semiconductor Corporation (NYSE:MX) is a Luxembourgian firm that concerns itself with designing., manufacturing and selling semiconductors for consumers, industrial, automotive and other applications such as the Internet of Things (IoT). Some of the products that it provides are controllers, diodes and transistors for several applications.
By the end of the second quarter 2021, Mr. Morgan held roughly one million Magnachip Semiconductor Corporation (NYSE:MX) shares that were worth $24 million and represented 1.47% of his portfolio. During the same time period, 35 of 873 hedge funds polled by Insider Monkey had held a stake in the company.
Magnachip Semiconductor Corporation’s (NYSE:MX) largest shareholder is Howard Marks’s Oaktree Capital Management who owns 2 million shares worth $47 million.
In a first quarter 2021 investor letter, Wasatch Global Investors mentioned Magnachip Semiconductor Corporation (NYSE:MX) and stated that:
“Magnachip Semiconductor Corp. (MX) also contributed to Fund performance. The company designs, develops and manufactures mixed-signal and digital multimedia semiconductors. We think Magnachip is a classic “growth at a reasonable price” (GARP) company. The stock was a laggard in 2020, but our belief was that Wall Street underappreciated the company’s earnings and that the P/E ratio would exceed expectations going forward. In the first quarter, we think Magnachip benefited from the realization that the company is a steady—if not spectacular—grower as there was a rotation in preference away from higher-priced growth stocks and toward lower-priced growth stocks. The stock also benefited from news that the company has agreed to be acquired.”
3. Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)
Mr. Morgan’s Stake Value: $29 million
Percentage of Mr. Morgan’s 13F Portfolio: 1.78%
Number of Hedge Fund Holders: 27
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) is an American company founded in 1901, that owns and sells advertisement spaces in the country and all over the globe. Its products cover a large number of segments such as billboards, transit spaces, customized structures and others. Additionally, it also provides furniture and cleaning services.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO)’s biggest shareholder is Kenneth Mario Garschina’s Mason Capital Management with 22 million shares worth $58 million.
Mr. Morgan held 11 million shares of the Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) worth $29 million and represented 1.78% of his portfolio by the end of the second quarter. During the same period, 27 of the 873 hedge funds polled by Insider Monkey held a stake in the company.
2. Chesapeake Energy Corporation (NASDAQ:CHK)
Mr. Morgan’s Stake Value: $77.9 million
Percentage of Mr. Morgan’s 13F Portfolio: 4.67%
Number of Hedge Fund Holders: 43
Chesapeake Energy Corporation (NASDAQ:CHK) is an American surveyor, acquirer and developer of fossil fuel reserves. The company primarily focuses on locating and developing oil and gas wells, and it has interests in several such properties all over the U.S.
Mr. Morgan’s Brigade Capital held 1.5 million shares of Chesapeake Energy Corporation (NASDAQ:CHK) by the end of the second quarter, which were worth $77.9 ad 4.67% of his portfolio. At the same time, 43 of 873 hedge funds polled by Insider Monkey held a stake in the company.
Chesapeake Energy Corporation (NASDAQ:CHK)’s largest investor is Howard Marks’s Oaktree Capital Management who owns 11.9 million shares worth $619 million.
1. Extraction Oil & Gas, Inc. (NASDAQ:XOG)
Mr. Morgan’s Stake Value: $82.5 million
Percentage of Mr. Morgan’s 13F Portfolio: 4.94%
Number of Hedge Fund Holders: 19
Extraction Oil & Gas, Inc. (NASDAQ:XOG) is an oil and gas exploration and development firm that focuses its operations in the American state of Colorado. The company has thousands of acres of facilities and thousands of production wells.
Extraction Oil & Gas, Inc. (NASDAQ:XOG)’s largest shareholder after Brigade Capital is Howard Marks’s Oaktree Capital Management who owns 1.1 million shares worth $61 million.
Mr. Morgan held 1.5 million shares of Extraction Oil & Gas, Inc. (NASDAQ:XOG) worth $72 million and represented 4.94% of his portfolio by the end of the second quarter. During the same period, 19 of the 873 hedge funds polled by Insider Monkey held a stake in the company.
