Top 5 Stocks Kettle Hill Capital Management Is Buying

1. Mandiant Inc. (NASDAQ:MNDT)

Topping our list of Kettle Hill’s biggest new stock purchases of Q3 is Mandiant Inc (NASDAQ:MNDT), which also became the fund’s largest 13F position overall. Kettle Hill purchased 1.55 million shares of Mandiant Inc (NASDAQ:MNDT) during Q3, building a position worth $27.58 million on September 30. Kettle Hill’s huge buy was in stark contrast to the overall hedge fund industry’s sentiment, as 38% of former shareholders sold off the stock in Q3, leaving MNDT with its lowest hedge fund ownership since 2014.

Many hedge funds may be concerned about Mandiant Inc (NASDAQ:MNDT)’s lack of a roadmap to return the company to profitability, or management’s transparency when it comes to revealing it if they have one. Mandiant expected to lose $0.12 to $0.13 per share in Q4. It’s also unclear how to company plans to address share dilution or capital allocation as it pursues new growth initiatives.

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