In this piece, we will focus on the top five stock picks of Malcolm Levine’s Dendur Capital. For more stocks, take a look at Top 10 Stock Picks of Malcolm Levine’s Dendur Capital.
5. US Foods Holding Corp. (NYSE:USFD)
Dendur Capital’s Stake Value: $44 million
Percentage of Dendur Capital’s 13F Portfolio: 9.23%
Number of Hedge Fund Holders: 39
US Foods Holding Corp. (NYSE:USFD) is a food distribution company that is headquartered in Rosemont, Illinois, the United States. The firm distributes frozen, fresh, and dry foods, and it has more than a hundred facilities and cash and carry locations across America.
Dendur Capital owned 1.4 million US Foods Holding Corp. (NYSE:USFD) shares as part of its Q2 2022 investment portfolio. These let it own a $44 million stake in the company. During the same time period, 39 out of the 895 hedge funds polled by Insider Monkey had also invested in US Foods Holding Corp. (NYSE:USFD).
US Foods Holding Corp. (NYSE:USFD)’s revenue for this year’s second quarter saw the firm rake in $8.8 billion, which marked for 15% annual growth. It serves close to a quarter of a million customers in the U.S., and its revenue of $16.6 billion for this year’s first half marked another strong 19% annual growth.
US Foods Holding Corp. (NYSE:USFD)’s largest investor in our database is Scott Ferguson’s Sachem Head Capital which owns 18.9 million shares that are worth $580 million.
4. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)
Dendur Capital’s Stake Value: $44 million
Percentage of Dendur Capital’s 13F Portfolio: 9.28%
Number of Hedge Fund Holders: 61
WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is a work and storage space provider that is headquartered in Phoenix, Arizona, the United States. The company has half a million storage units across the U.S., Canada, Mexico, and the United Kingdom.
WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is a rare company that has seen its share price grow year to date as of October 2022. The firm’s shares have grown by 3.6% year to date, at a time when broader market indexes are feeling the brunt of the Federal Reserve Bank’s hawkish approach. It is also well slated to ride out the recessionary storm, as the bulk of its leasing contracts has three year terms.
Mr. Levine’s hedge fund held a $44 million stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) by the end of this year’s second quarter. This came through 1.3 million shares and represented 9.28% of its investment portfolio. Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 61 had invested in the company.
3. Apollo Global Management, Inc. (NYSE:APO)
Dendur Capital’s Stake Value: $47 million
Percentage of Dendur Capital’s 13F Portfolio: 9.94%
Number of Hedge Fund Holders: 61
Apollo Global Management, Inc. (NYSE:APO) is a private equity firm that engages in a variety of investments such as buyouts, debt investments, distressed asset management and carve outs. The firm is headquartered in New York, New York, United States.
As this year’s second quarter ended, Dendur Capital had owned 983,840 Apollo Global Management, Inc. (NYSE:APO) shares that were worth $47 million and represented 9.94% of its holdings. During the same time period, 61 out of the 895 hedge funds polled by Insider Monkey had also owned the company’s shares.
Apollo Global Management, Inc. (NYSE:APO)’s second quarter earnings saw the firm rake in $2.2 billion in revenue and $341 million in fee earnings, with the firm marking for growth in both segments. Barclays lowered the firm’s share price target to $65 from $70 in October 2022, stating that while market conditions are challenging, the company’s fee earnings should remain stable.
Apollo Global Management, Inc. (NYSE:APO)’s largest investor is Glen Greenberg’s Brave Warrior Capital which owns 7.4 million shares that are worth $360 million.
2. Elanco Animal Health Incorporated (NYSE:ELAN)
Dendur Capital’s Stake Value: $66 million
Percentage of Dendur Capital’s 13F Portfolio: 13.78%
Number of Hedge Fund Holders: 32
Elanco Animal Health Incorporated (NYSE:ELAN) is a pet healthcare company that provides products such as vaccines, parasiticides, therapeutics, and antibiotics. It is headquartered in Greenfield, Indiana, the United States.
Elanco Animal Health Incorporated (NYSE:ELAN) cut its revenue guidance for 2022 by $100 million as part of its second quarter results due to concerns about business drawdown in China. The company is however a long term play as it is expecting approvals for a dog parvovirus treatment and estimates to generate up to $700 million in revenue from new products.
Dendur Capital owned 3.3 million Elanco Animal Health Incorporated (NYSE:ELAN) shares during this year’s June quarter, allowing it to hold a $66 million stake in the company. As Q2 2022 ended, 32 out of the 895 hedge funds polled by Insider Monkey had invested in the company.
Out of these, Scott Ferguson’s Sachem Head Capital is Elanco Animal Health Incorporated (NYSE:ELAN)’s largest investor. It owns 27.8 million shares that are worth $546 million.
1. Builders FirstSource, Inc. (NYSE:BLDR)
Dendur Capital’s Stake Value: $120 million
Percentage of Dendur Capital’s 13F Portfolio: 25.18%
Number of Hedge Fund Holders: 53
Builders FirstSource, Inc. (NYSE:BLDR) is a building materials and construction services provider headquartered in Dallas, Texas, the United States. The firm provides a host of products such as lumber sheets, wall panels, and custom products.
As this year’s June quarter ended, Dendur Capital held a $120 million stake in Builders FirstSource, Inc. (NYSE:BLDR) which came in the form of 2.2 million shares. Out of the 895 hedge funds polled by Insider Monkey during the same time period, 53 had also owned Builders FirstSource, Inc. (NYSE:BLDR)’s shares.
Builders FirstSource, Inc. (NYSE:BLDR) is operating in a growth market despite the surge in mortgage rates fueled by recent interest rate hikes. This is due to the fact that populations aged between 25 and 34 years are surging, and with it opening up the demand for more houses.
Builders FirstSource, Inc. (NYSE:BLDR)’s largest investor in our database is Christopher Shackelton and Adam Gray’s Coliseum Capital which owns 6.4 million shares that are worth $347 million.
Disclosure: None. You can also take a look at 10 Biggest Industries In the US and 10 Best Nuclear Energy Stocks To Buy.
