In this article, we will take a look at the top 5 stock picks of Paul Singer. If you want to read our detailed analysis of Paul Singer’s history, investment philosophy, and hedge fund performance and go directly to Top 10 Stock Picks of Paul Singer.
5. Twitter, Inc. (NYSE:TWTR)
Elliot Management’s Stake Value: $603.9 million
Percent of 13F Portfolio: 4.33%
Number of Hedge Fund Holders: 94
According to the hedge fund data tracked by Insider Monkey, 94 hedge funds have investments in Twitter, Inc. (NYSE:TWTR), worth over $6.3 billion, as of the end of the third quarter of 2021. Twitter, Inc. (NYSE:TWTR) provides a platform to share public opinion and initiate conversations.
On November 09, 2021, Morgan Stanley kept an “Equal-Weight” rating on the stock and lowered its price target to $62 from $68. Elliot Management held 10 million shares in Twitter, Inc. (NYSE:TWTR), valued at $603.9 million, in the third quarter of 2021.
4. Marathon Petroleum Corporation (NYSE:MPC)
Elliot Management’s Stake Value: $653.33 million
Percent of 13F Portfolio: 4.68%
Number of Hedge Fund Holders: 43
Marathon Petroleum Corporation (NYSE:MPC) is an Ohio-based company operating in the energy sector. It provides petroleum refining, marketing, and transportation services in the US. Insider Monkey tracked that Marathon Petroleum Corporation (NYSE:MPC) was in the portfolio of 43 hedge funds in the September quarter of 2021, valued at $2.687 billion.
In the third quarter of 2021, Elliot Management held 10.57 million shares in Marathon Petroleum Corporation (NYSE:MPC), valued at $653.33 million, accounting for 4.68% of its 13F portfolio.
3. Evergy, Inc. (NYSE:EVRG)
Elliot Management’s Stake Value: $655.7 million
Percent of 13F Portfolio: 4.7%
Number of Hedge Fund Holders: 25
With 10.5 million shares valued at $655.7 million, Elliot Management is the leading hedge fund investor in Evergy, Inc. (NYSE:EVRG). Evergy, Inc. (NYSE:EVRG) works in the utility sector and provides electricity in Kansas to residential, commercial, and industrial consumers.
For the September quarter of 2021, the company reported an EPS of $1.98, beating the market estimates by $0.21.
25 hedge funds have stakes in Evergy, Inc. (NYSE:EVRG), valued at $908 million, in the third quarter of 2021, according to the database of Insider Monkey.
2. Howmet Aerospace Inc. (NYSE:HWM)
Elliot Management’s Stake Value: $1.28 billion
Percent of 13F Portfolio: 9.19%
Number of Hedge Fund Holders: 44
Insider Monkey tracked that 44 hedge funds had stakes in Howmet Aerospace Inc. (NYSE:HWM) in the September quarter of 2021. These stakes are valued at $3.495 billion. In the same quarter, the company reported an EPS of $0.27, beating the market consensus of $0.02. Howmet Aerospace Inc. (NYSE:HWM) develops and manufactures advanced aerospace and transportation products for the US market.
Elliot Management held 41 million shares, worth $1.28 billion, in the third quarter of 2021. Elliot Management is also the leading hedge fund investor in Howmet Aerospace Inc. (NYSE:HWM). On November 16, 2021, Wolfe Research initiated its coverage on Howmet Aerospace Inc. (NYSE:HWM) with its price target of $38 and kept an “Outperform” rating on the stock.
1. Dell Technologies Inc. (NYSE:DELL)
Elliot Management’s Stake Value: $2.58 billion
Percent of 13F Portfolio: 18.53%
Number of Hedge Fund Holders: 60
Dell Technologies Inc. (NYSE:DELL) is a Texas-based IT company that develops, sells, repairs computers and related products. The company also provides cloud storage services.
Stakes worth $6.14 billion are invested in Dell Technologies Inc. (NYSE:DELL) by 60 hedge funds as of the end of September quarter of 2021, as tracked by Insider Monkey. Morgan Stanley, on November 24, 2021, raised its price target on Dell Technologies Inc. (NYSE:DELL) to $75 from $72.
Elliot Management held 24.8 million shares in Dell Technologies Inc. (NYSE:DELL), valued at $2.58 billion, in the third quarter of 2021, making it the top holding of the 13F portfolio. Elliot Management is also the leading hedge fund investor in Dell Technologies Inc. (NYSE:DELL).
You can also take a look at 10 Best Stocks to Buy According to Warren Buffett and 10 Healthcare Stocks to Buy According to John Rogers’ Ariel Investments.
