Top 5 Stocks To Buy According To Billionaire James Dinan

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1. NextDecade Corporation (NASDAQ:NEXT)

York Capital Management’s Stake Value: $148,885,000

Percentage of York Capital Management’s 13F Portfolio: 15.71%

Number of Hedge Fund Holders: 12

NextDecade Corporation (NASDAQ:NEXT) is a liquified natural gas development company based in Houston, Texas. The company is actively working on the Rio Grande LNG project in the Port of Brownsville, and brings innovative solutions to the global LNG market. 

James Dinan acquired NextDecade Corporation (NASDAQ:NEXT) in the third quarter of 2017, buying 53.1 million shares valued at $275.8 million. He elevated and reduced his stake in NextDecade Corporation (NASDAQ:NEXT) over the years, and as of Q3 2021, holds a $148.8 million position in the company. The stock represents 15.71% of billionaire James Dinan’s third quarter investments. 

According to the Q3 database of Insider Monkey, 12 hedge funds were long NextDecade Corporation (NASDAQ:NEXT), with stakes equaling $223.3 million. Valinor Management LLC is a notable shareholder of the company, owning 14.7 million shares worth approximately $41 million. 

You can also take a look at 10 Stocks to Invest in Today According to Robert Richards’ Heathbridge Capital and Billionaire Stephen Mandel’s Portfolio: 8 New Stock Picks

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