In this article, we discuss the top 5 stock picks of Kenneth Tropin’s Graham Capital Management. If you want to read our detailed analysis of Kenneth Tropin’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of Kenneth Tropin’s Graham Capital Management.
5. Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF)
Graham Capital’s Stake Value: $22.95 million
Percent of 13F Portfolio: 1.16%
Number of Hedge Fund Holders: 39
Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) is another special purpose acquisition company in which Graham Capital Management holds a significant number of shares. In the third quarter of 2021, the hedge fund held 2.261 million shares valued at $22.95 million.
Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) went public on October 08, 2020. The company has attracted investments from 39 hedge funds in the second quarter of 2021, having stakes worth $291 million.
Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) aims to affect a merger with a business working in the technology industry.
4. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)
Graham Capital’s Stake Value: $37.55 million
Percent of 13F Portfolio: 1.91%
Number of Hedge Fund Holders: 45
Academy Sports and Outdoors, Inc. (NASDAQ:ASO) manufactures and sells sporting goods and outdoor recreational products in the US. Based in Texas, Academy Sports and Outdoors, Inc. (NASDAQ:ASO) operates 259 retail stores in 16 states of the US.
As of the end of the second quarter of 2021, Graham Management Capital held 938,333 shares in Academy Sports and Outdoors, Inc. (NASDAQ:ASO), valued at $37.55 million.
In the third quarter of 2021, the company posted an EPS of $2.34, beating the market consensus by $0.90. According to the database of Insider Monkey tracking 873 hedge funds, 45 hedge funds remained bullish on Academy Sports and Outdoors, Inc. (NASDAQ:ASO), having stakes worth $709 million.
On October 25, 2021, Wedbush initiated its coverage on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) with a price target of $54 and kept an “Outperform” rating on the stocks.
3. Dollar General Corp. (NYSE:DG)
Graham Capital’s Stake Value: $46.67 million
Percent of 13F Portfolio: 2.37%
Number of Hedge Fund Holders: 45
Accounting for 2.37% of the 13F portfolio of Graham Capital Management with 220,000 shares worth $46.67 million in Q3 2021, Dollar General Corp. (NYSE:DG) is a discount retailer providing several merchandise products in the US. The company has operations in 46 states of the US and operates 17,638 stores.
According to the Insider Monkey database, 45 hedge funds have stakes in Dollar General Corp. (NYSE:DG), worth $1.64 billion as of the second quarter of 2021.
In the third quarter of 2021, Dollar General Corp. (NYSE:DG) reported an EPS of $2.69, beating the market estimates by $0.10. On November 15, 2021, UBS kept a “Buy” rating on Dollar General Corp. (NYSE:DG) and raised its price target to $130 from $120.
2. Penn National Gaming, Inc (NASDAQ:PENN)
Graham Capital’s Stake Value: $53.72 million
Percent of 13F Portfolio: 2.73%
Number of Hedge Fund Holders: 40
Penn National Gaming, Inc (NASDAQ:PENN) is a gaming and racing conglomerate that operates video gaming terminals. As of December 31, 2020, the company owned 41 gaming properties across 19 states.
Penn National Gaming, Inc (NASDAQ:PENN) reported an EPS of $0.52 in the third quarter of 2021, missing the market consensus by -$0.37. On November 12, 2021, Deutsche Bank upgraded its rating on Penn National Gaming, Inc (NASDAQ:PENN) to “Hold” from “Sell” and set its price target to $31.
With 741,447 shares, Penn National Gaming, Inc (NASDAQ:PENN) accounts for 2.73% of the portfolio of Graham Capital Management as of the third quarter of 2021. Insider monkey tracked 40 hedge funds having stakes in Penn National Gaming, Inc (NASDAQ:PENN), valued at $1.039 billion in the June quarter of 2021.
1. Antero Resources Corp (NYSE:AR)
Graham Capital’s Stake Value: $104.8 million
Percent of 13F Portfolio: 5.33%
Number of Hedge Fund Holders: 33
Antero Resources Corp (NYSE:AR) ranks first on our list of top 10 stock picks of Kenneth Tropin’s Graham Capital Management. The company works in the energy sector and acquires natural gas and oil reserves in the US.
Graham Capital Management held 5.5 million shares in Antero Resources Corp (NYSE:AR), valued at $104.8 million in the third quarter of 2021. According to Insider Monkey, 33 hedge funds have stakes valued at $841 million in Antero Resources Corp (NYSE:AR) as of the June quarter of 2021.
Antero Resources Corp (NYSE:AR) reported an EPS of $0.19 in the third quarter of 2021, missing estimates by -$0.14.
You can also take a peek at 10 Best Stocks to Buy According to Warren Buffett and Here is What Hedge Funds Think About Lumen Technologies, Inc. (LUMN).
