Top 5 Stock Picks of Leon Lowenstein’s Lionstone Capital Management

1. APi Group Corporation (NYSE:APG)

Lionstone Capital Management’s Stake Value: $41,256,000

Percentage of Lionstone Capital Management’s 13F Portfolio: 10.79%

Number of Hedge Fund Holders: 34

APi Group Corporation (NYSE:APG) is an American company offering safety, specialty, and industrial services in more than 200 locations around the world. Lowenstein’s Lionstone Capital Management holds a $41.2 million stake in the company, with APi Group Corporation (NYSE:APG) being its largest holding, representing 10.79% of Lowenstein’s Q3 portfolio. 

As of the second quarter of 2021, 34 hedge funds monitored by Insider Monkey reported owning stakes in APi Group Corporation (NYSE:APG), up from 33 in the preceding quarter. The total value of these stakes is approximately $1.22 billion. The leading APi Group Corporation (NYSE:APG) stakeholder is Andreas Halvorsen’s Viking Global, which owns 33.3 million shares in the company, worth $678.3 million. 

APi Group Corporation (NYSE:APG) on November 10 reported its Q3 results. EPS in the quarter totaled $0.35, beating estimates by $0.01. Revenue for Q3 came in at $1.05 billion, beating estimated revenue by $10.53 million. 

Here is what Greystone Capital Management has to say about APi Group Corporation (NYSE:APG) in its Q2 2021 investor letter:

“For remaining clients who owned shares in The APi Group, I fully sold out of the position this quarter following a 70% plus price appreciation in order to allocate to potentially higher IRR opportunities that present better risk/rewards. I remain a fan of the business as well as Martin Franklin and team, and believe the future is bright. There is a chance we will again be owners of APG at some point in the future.”

You can also take a look at 10 Stocks That Beat Profit Expectations and Billionaire Stephen Mandel’s Top 10 Stock Picks.

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