Top 5 Stock Picks of Jose Fernandez’s Stepstone Group

1. Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Stepstone’s Stake Value: $386.2 million

Number of Hedge Fund Holders: 24

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is engaged in the business of providing insights, analytics, and commercial data to other companies. While its share price has fallen by around 24%, it is the top pick of Jose Fernandez’s Stepstone Group, despite the hedge fund reducing its position by 7%. Barclays analyst Manav Patnaik lowered the price target on Dun & Bradstreet to $17 from $18 and kept an Equal Weight rating on the shares on July 1.

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was mentioned by Weitz Investments in its Q4 2021 investor letter. Here is what it said:

“In the second half of the year, resurgent inflation and higher interest rate fears reined in investor appetite for higher-growth assets trading at premium multiples… We also note that our investment thesis has always contemplated a higher-interest-rate environment. While this rotation may reasonably bring some market “highflyers” back to Earth, we continue to watch for opportunities to add to these terrific businesses should further pressure yield attractive prices. Finally, this year’s new investment in Dun & Bradstreet has been off to a slow start. Less than one year into our ownership, we remain encouraged by the progress management has made in returning the business to organic growth, and we believe our patience will ultimately be rewarded.”

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