Top 5 Stock Picks of Touk Sinantha’s AltraVue Capital

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1. StoneX Group Inc. (NASDAQ:SNEX)

AltraVue Capital: $70,994,000   

Percentage of AltraVue Capital’s Portfolio: 10.43%

Number of Hedge Fund Holders: 21

StoneX Group Inc. (NASDAQ:SNEX) is a global financial services provider operating in global payments, commodities, commercial hedging, securities, and trade clearing and execution services. Touk Sinantha decreased her investment in StoneX Group Inc. (NASDAQ:SNEX) by 1%. The fund held 909,366 shares of StoneX Group Inc. (NASDAQ:SNEX) as the company remained the top holding of the fund at the end of the second quarter of 2022.

StoneX Group Inc. (NASDAQ:SNEX) had a strong fiscal Q3 2022 quarter, reporting revenue of $528.9 million, up 22.5% YoY. The company reported a normalized GAAP EPS of $2.37, beating the market consensus estimate by $0.62. The CEO of the company Sean M. O’Connor stated that the company continues to see robust growth in all segments. However, the retail segment stood out with its performance during the quarter.

As per Insider Money’s proprietary database, 21 hedge funds are bullish on StoneX Group Inc. (NASDAQ:SNEX), as of the end of the second quarter. Nine Ten Partners has the biggest stake in the company, with a total investment value of $85 million at the end of the second quarter of 2022.

You can also take a look at Lakehouse Capital Expects Huge Growth in Visa (V) and Lakehouse Capital Exited its Position in PayPal Holdings (PYPL).

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