Top 5 Stocks Billionaire Larry Robbins Just Added to His Portfolio

2. US Foods Holding Corp. (NYSE:USFD)

Value of Glenview Capital’s 13F Position: $56.39 million

Number of Hedge Fund Shareholders: 39

There was a 30% jump in hedge fund ownership of US Foods Holding Corp. (NYSE:USFD) during Q4, with Larry Robbins being one of the prominent money managers to take a new stake in the company. Ray Dalio’s Bridgewater Associates and Lee Ainslie’s Maverick Capital were among the other hedge funds to add USFD to their 13F portfolios.

US Foods Holding Corp. (NYSE:USFD) grew adjusted EBITDA by 58% year-over-year during the fourth quarter, which has the fresh food producer well on its way to achieving its goal of $1.7 billion in adjusted EBITDA in 2024. The company expects to achieve the bulk of its EBITDA growth through a combination of growing its market share and optimizing its gross margins.

US Foods Holding Corp. (NYSE:USFD) has also been the target of hedge fund activism in recent months, as Scott Ferguson’s Sachem Head Capital, which raised its stake in USFD by 198% during Q4. The activist fund announced that it will attempt to take over US Foods’ board at the company’s 2022 annual meeting, nominating a slate of seven directors.