Top 5 Stocks to Buy According to Jeff Ubben’s ValueAct Capital

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1. KKR & Co. Inc. (NYSE: KKR)

ValueAct’s Stake Value: $1,612,580,000
Percentage of ValueAct’s 13F Portfolio: 17.87%
Number of Hedge Fund Holders: 54

KKR & Co. Inc. (NYSE: KKR) is a private equity and real estate investment firm. The company was incorporated in 1976 and is ranked first on the list of top 10 stocks to buy according to Jeff Ubben’s ValueAct Capital. Shares of KKR & Co. Inc. (NYSE: KKR) surged 80.50% in the past 12 months.

On August 26, KKR & Co. Inc. (NYSE: KKR) agreed to buy Ritchies Transport, a New Zealand-based transportation company with an 86-year history. The funds will be used to further KKR’s purpose of better connecting local communities and supporting the country’s increasing public transportation network. On August 11, Deutsche Bank analyst Brian Bedell upgraded KKR & Co. Inc. (NYSE: KKR) to “Buy” from “Hold” and gave a price target of $75, up from $69.

ValueAct Capital holds more than 27.22 million shares in KKR & Co. Inc. (NYSE: KKR), worth $1.61 billion, representing 17.87% of their portfolio. The hedge fund has trimmed its stake in the firm by 14% in the second quarter of 2021. KKR & Co. Inc. (NYSE: KKR) saw a decrease in hedge fund sentiment recently. The number of hedge fund positions declined to 54 in the second quarter of 2021 compared to 56 positions in the previous quarter.

Vulcan Value Partners, in its second quarter 2021 investor letter mentioned KKR & Co. Inc. (NYSE: KKR). Here is what the fund said:

KKR & Co. Inc. was also a material contributor during the quarter. This company has deep and growing relationships with capital providers. The company has a stable management fee stream and a proven ability to convert investor capital into a performance fee stream. These attributes contribute to its stable and growing intrinsic values. In addition, the company enjoy nice tailwinds of increasing allocations to private and alternative investments. We are pleased to continue to own KKR & Co.”

You can also take a peek at 10 Best Stocks to Buy According to Warren Buffett and 10 Solar Penny Stocks to Buy According to Reddit

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