Top 5 Stock Picks of Matthew Halbower’s Pentwater Capital Management

1. IHS Markit Ltd. (NYSE:INFO)

Pentwater Capital’s Stake Value: $1 billion

Percentage of Pentwater Capital’s 13F Portfolio: 10.22%

Number of Hedge Fund Holders: 63

IHS Markit Ltd. (NYSE:INFO) is an information and analytics services provider that compiles and shares market data with companies to aid them with their decision-making process.

Mr. Halbower’s investment firm owned 8.6 million IHS Markit Ltd. (NYSE:INFO) shares worth $1 billion during the third quarter of last year. Insider Monkey’s Q3 2021 research covering 867 hedge funds revealed that 63 had also owned stakes in the company.

For its third fiscal quarter, IHS Markit Ltd. (NYSE:INFO) posted $1 billion in revenue and $0.85 in non-GAAP EPS, beating analyst estimates for both. Deutsche Bank raised the firm’s price target to $127 from $123 in July 2021, after being satisfied with IHS Markit Ltd. (NYSE:INFO)’s acquisition deal with S&P Global.

IHS Markit Ltd. (NYSE:INFO)’s largest investor following Pentwater Capital is Ken Griffin’s Citadel Investment Group who owns 3.8 million shares worth $448 million.

Artisan Partners mentioned IHS Markit Ltd. (NYSE:INFO) in its Q1 2021 investor letter, which stated that:

“We ended our campaign in IHS Markit. IHS Markit is a global provider of information services to the financial services, automotive and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced in Q4 it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we exited our position as the combined entity will be well beyond our mid-cap market cap mandate.”

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