In this article, we will take a look at the Top 5 Stock Picks of Michael Doheny’s Freshford Capital Management. If you want to read our detailed analysis of Michael Doheny’s history, investment philosophy, and hedge fund performance and go directly to the Top 10 Stock Picks of Michael Doheny’s Freshford Capital.
5. Box, Inc. (NYSE:BOX)
Freshford Capital’s Stake Value: $49.832 million
Percent of 13F Portfolio: 7.1%
Number of Hedge Fund Holders: 35
According to hedge funds data tracked by Insider Monkey, 35 hedge funds have investments in Box, Inc. (NYSE:BOX), worth $754.8 million, as of the end of the second quarter of 2021. Box, Inc. (NYSE:BOX) provides technology solutions to companies and organizations to share their content from one device to another through a cloud SaaS platform.
Morgan Stanley kept an “Equal-Weight” rating and its price target of $29 on the shares on October 07, 2021.
In the September quarter, Box, Inc. (NYSE:BOX) reported an EPS of $0.21, beating the market estimates by $0.02.
4. Resideo Technologies, Inc. (NYSE:REZI)
Freshford Capital’s Stake Value: $53.63 million
Percent of 13F Portfolio: 7.64%
Number of Hedge Fund Holders: 28
Resideo Technologies, Inc. (NYSE:REZI) provides residential thermal, comfort, and security solutions.
Insider Monkey tracked that Resideo Technologies, Inc. (NYSE:REZI) was in the portfolio of 28 hedge funds in the June quarter of 2021, valued at $682 million.
In the third quarter of 2021, Freshford Capital held 2.16 million shares in Resideo Technologies, Inc. (NYSE:REZI) valued at $53.63 million, accounting for 7.64% of its 13F portfolio.
Resideo Technologies, Inc. (NYSE:REZI) posted an EPS of $0.46 for the third quarter of 2021.
3. IAC/InterActiveCorp (NASDAQ:IAC)
Freshford Capital’s Stake Value: $57.46 million
Percent of 13F Portfolio: 8.19%
Number of Hedge Fund Holders: 50
With 441,023 shares valued at $57.46 million, IAC/InterActiveCorp (NASDAQ:IAC) is ranked third on the top 10 stock picks list of Michael Doheny’s Freshford Capital.
IAC/InterActiveCorp (NASDAQ:IAC) acts as a holding company and operates internet services like Vimeo, Dotdash, and Care.com.
In the September quarter of 2021, the company reported an EPS of $0.38, beating the market estimates by $0.71. On November 08, 2021, Piper Sander raised its price target on the company to $168 from $158 and kept an “Overweight” rating on the shares.
50 hedge funds have stakes in IAC/InterActiveCorp (NASDAQ:IAC) valued at $1.22 billion in the second quarter of 2021, according to the database of Insider Monkey.
2. Cheniere Energy, Inc. (NYSE:LNG)
Freshford Capital’s Stake Value: $75.85 million
Percent of 13F Portfolio: 10.81%
Number of Hedge Fund Holders: 49
According to Insider Monkey, Cheniere Energy, Inc. (NYSE:LNG) is in the portfolio of 49 hedge funds at the end of the second quarter of 2021, up from 40 hedge funds in the previous quarter. These stakes are valued at $2.94 billion.
Cheniere Energy, Inc. (NYSE:LNG) develops, constructs, and markets LNG terminals and natural gas in the US. The company is based in Texas. Freshford Capital held 776,641 shares worth $75.85 million in the third quarter of 2021.
Cheniere Energy, Inc. (NYSE:LNG) reported an EPS of -$4.22, missing the market consensus by -$5.5. On October 10, 2021, Morgan Stanley raised its price target to $132 from $94 and kept a “Buy” rating on the stock.
1. Liberty Broadband Corp (NASDAQ:LBRDA)
Freshford Capital’s Stake Value: $84.15 million
Percent of 13F Portfolio: 11.99%
Number of Hedge Fund Holders: 28
Liberty Broadband Corp (NASDAQ:LBRDA) is a Colorado-based holding company that provides cable services and wireless telecommunication services. It works through its subsidiary TruePosition, Inc. and Charter Communication, Inc. (NASDAQ:CHTR)
Stakes worth $904.8 million are invested in Liberty Broadband Corp (NASDAQ:LBRDA) by 28 hedge funds as of the end of June quarter of 2021, as tracked by Insider Monkey. This number has increased from 23 in the previous quarter, valued at $774 million.
Credit Suisse initiated the coverage of Liberty Broadband Corp (NASDAQ:LBRDA) with an “Outperform” rating and a $211 price target.
Freshford Capital held 499,860 shares in Liberty Broadband Corp (NASDAQ:LBRDA) valued at $84.15 million in the third quarter of 2021, making it the top holding of the portfolio.
However, Boykin Curry’s Eagle Capital Management is the leading hedge fund investor in Liberty Broadband Corp (NASDAQ:LBRDA), holding shares worth $1.53 billion.
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).
