10 Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge Capital

In this article, we will discuss: 10 Best Stocks to Buy According to Billionaire Glenn Dubin’s Highbridge Capital.

Glenn Dubin, who founded the hedge fund Highbridge Capital in 1992, is one of the richest people in the world. According to Forbes Magazine, his net worth is $2.9 billion as of June 2026. Dubin sold his hedge fund to banking giant JPMorgan in 2004, with JPMorgan buying the remaining shares in 2009, with Dubin remaining the fund’s chief executive. Dubin had founded the firm with his childhood friend Henry Swieca, and the fund now operates as a JPMorgan Asset Management subsidiary. In 2013, he stepped down from his role as Highbridge’s CEO and, in 2020, took a step back from managing hedge funds entirely.

Highbridge Capital has made several changes since being taken over by JPMorgan. For instance, in 2019, Business Insider reported that the fund was winding down its $2 billion multi-strategy fund to focus on its credit business. The fund held the final close of its Highbridge Convertible Dislocation Fund in 2020 after converting its multi-strategy fund to a credit fund in the previous year. Reports suggested that investors were looking for specialized strategies as opposed to multiple strategies.

Our Methodology

For this article, we scanned Highbridge Capital Management’s Q1 portfolio and picked its top holdings.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

10. Kenvue Inc. (NYSE:KVUE)

Highbridge Capital’s Stake: $20.2 million

Consumer health company Kenvue Inc. (NYSE:KVUE)’s shares are down by 8.8% over the past year and are up by 10% year-to-date. Several analysts have discussed the firm in 2026. On April 15th, Citi cut the share price target to $19 from $20 and kept a Neutral rating on the shares. The coverage was part of Citi’s coverage of the broader sector, as it remarked that investors would be focused on margin risk and the impact of high oil prices. Earlier, on March 6th, Barclays had increased the share price target to $19 from $18 and kept an Equal Weight rating on the shares. However, on April 14th, Barclays reduced the target to $18. As was the case with Citi, the bank also discussed the impact of higher input costs on Kenvue Inc.’s business.

Highbridge Capital first disclosed holding Kenvue Inc.’s in its filings for the third quarter of 2023. Back then, it disclosed holding 31,408 shares that were worth $630,673. Then, it removed the stake in Q4. The fund disclosed holding 1.1 million Kenvue Inc. shares in its Q4 2025 filings and the number of shares remained unchanged in Q1 2026.

9. Cartesian Growth Corporation III (NASDAQ:CGCT)

Highbridge Capital’s Stake: $20.7 million

Cartesian Growth Corporation III (NASDAQ:CGCT) was a special purpose acquisition company (SPAC) that closed its reverse merger with solid-state battery developer Factorial Inc on June 5th. Highbridge Capital disclosed its stake for the first quarter. The stake was worth $20.7 million, and it came courtesy of two million shares. The hedge fund first disclosed holding Cartesian Growth Corporation III’s shares during the second quarter of 2025 before exiting. It then re-entered the position in Q4 2025 at an average share price of $10.15.

Cartesian Growth Corporation III’s shares now trade as Factorial Energy Inc. (NASDAQ:FAC). Since June 5th, they are down by 16.8%. The firm is a solid-state battery company that caters to the needs of the defense, robotics, and other industries. On Monday, the firm published a shareholder letter following its NASDAQ debut. In it, Factorial Energy Inc. took an optimistic note about its future as its CEO wrote:

“Humanity has entered into a new era, one that requires more powerful and reliable batteries to power high-performance systems around the world. As energy is becoming one of the defining constraints of this era, it is creating opportunities to shape the future of aerospace, defense, mobility and computing alike. Factorial was built to seize the opportunity. With proven solid-state battery technology, validated partnerships, and a capital-light path to scale, we believe we are well positioned to lead as that future takes shape. We are proud to bring that combination to the public markets, and we look forward to building on it with you.”

8. IAC Inc. (NASDAQ:IAC)

Highbridge Capital’s Stake: $22.2 million

IAC Inc. (NASDAQ:IAC) now trades as People Incorporated under the ticker NASDAQ:PPLI after it transitioned on June 4th. The firm is an internet information company that operates through several well-known brands, such as Entertainment Weekly and Investopedia. The shares are up by 24% over the past year and by 18% year-to-date. People Incorporated (NASDAQ:PPLI) made a big announcement earlier this month when it revealed that it had submitted a non-binding proposal to hospitality and casino company MGM. Through this proposal, People Incorporated is seeking to acquire MGM’s shares that it does not own for a $48.30 per share price.

As part of the release, the firm’s chairman, Barry Diller discussed the rationale and remarked: “We began investing in MGM nearly six years ago because we believed it represented a rare kind of business: one with real world assets that AI cannot easily replicate or disintermediate and exceptional digital growth opportunities. That conviction has only strengthened over time. We continue to believe the market materially undervalues the power and durability of MGM’s assets. We believe MGM’s management team is superb, and that there is a compelling opportunity to support MGM’s next phase of growth and help unlock its full value.”

7. Bel Fuse Inc. (NASDAQ:BELFB)

Highbridge Capital’s Stake: $24.9 million

Bel Fuse Inc. (NASDAQ:BELFB) is an electronics products manufacturer that makes and sells items such as cable assemblies and fiber optic connectors. Its shares have done well recently, as they are up by 223% over the past year and by 82% year-to-date. June has been an important month for Bel Fuse Inc. as the firm was added to the Russell Small Cap Comp Growth Benchmark. Additionally, investment bank JPMorgan also initiated coverage of the stock in June. It set a $370 share price target and an Overweight rating on Bel Fuse Inc.’s shares.

As part of its coverage, the bank remarked that it based its opinion on the firm’s executive team, cost improvement and price control. JPMorgan expects Bel Fuse Inc. to grow its revenue by 17% to $792 million in 2026 and by 8% to $857 million in 2027. The firm is a recent addition to Highbridge Capital’s portfolio, as Q1 2026 was the first quarter in which the stake was disclosed.

6. Brighthouse Financial, Inc. (NASDAQ:BHF)

Highbridge Capital’s Stake: $26.2 million  

Brighthouse Financial, Inc. (NASDAQ:BHF) is a financial services firm that provides life insurance and annuity products. Its shares are up by 17.8% over the past year and are down by 1.8% year-to-date. Brighthouse Financial, Inc. has been in the news over the past couple of months primarily due to being a target of acquisition by Aquarian Capital. News of the deal first surfaced in November 2026 and suggested that Brighthouse Financial, Inc. would be acquired for a $4.1 billion price tag. Following the report, the shares surged by a whopping 26.7%.

Highbridge Capital first disclosed a stake in Brighthouse Financial, Inc. in the second quarter of 2018. Back then, the fund’s 13F filings revealed that it held 11,490 shares that were worth $460,000. It then exited the position in the third quarter. The latest stake in Brighthouse Financial, Inc. came in Q3 2025 when Highbridge disclosed holding 275,390 shares that were worth $17.8 million. It bumped the stake to 438,372 shares in the first quarter of 2026.

Greenlight Capital discussed Brighthouse Financial, Inc. in its fourth quarter 2025 investor letter:

“Brighthouse Financial, Inc. (NASDAQ:BHF): After years of frustration, the company put itself up for sale, which led to a sale process that culminated in a buyer agreeing to purchase the company. While the valuation at less than two-thirds of book value is not exciting, it does provide us with a reasonable exit from a challenged situation. We likely will write more about this after we do, in fact, exit.”

5. Enviri Corporation (NYSE:NVRI)

Highbridge Capital’s Stake: $34.3 million

Enviri Corporation (NYSE:NVRI) is one of the largest waste management companies in the US. Its shares are up by 100% since they started trading as a standalone company. The move occurred on June 2nd after it spun off its environmental and rail divisions and sold its clean-earth business. On June 23rd, Enviri Corporation rang the opening bell at the New York Stock Exchange. Ahead of the spinoffs, the firm also reported its first-quarter earnings in May.

The results saw Enviri Corporation post $550 million and a GAAP consolidated loss of $8 million. During the quarter, the firm also earned $65 million in operating income. “Our first quarter results reflect continued execution across the business as we navigated a dynamic operating environment and weather-related disruptions that impacted Clean Earth,” said Enviri Chairman and CEO Nick Grasberger. “We remain on track to complete the sale of Clean Earth and the separation of Harsco Environmental and Harsco Rail in the second quarter, unlocking significant sum-of-the-parts value and marking an important milestone for the Company.”

4. Clearwater Analytics Holdings Inc. (NYSE:CWAN)

Highbridge Capital’s Stake: $37.8 million

Clearwater Analytics Holdings Inc. (NYSE:CWAN) is a software-as-a-service (SaaS) company that focuses on financial and investment data management. As of June 24th, the shares are up by 11.9% over the past year and by 1.9% year-to-date. As is the case with other software firms, Clearwater Analytics Holdings Inc. is also busy integrating artificial intelligence into its products. On June 3rd, the firm announced that its Clearwater Compass, Total Portfolio Oversight and Fund Analytics would work directly with the workflows of institutional managers.

Earlier, on May 7th, Clearwater Analytics Holdings Inc. had reported its fiscal first-quarter earnings report. The results saw the firm post $221 million in revenue, $872 million in recurring revenue and $77.4 million in operating income. However, Clearwater Analytics Holdings Inc. also posted $2.8 million in GAAP loss. More recently, on June 25th, the firm completed its $8.4 billion take private acquisiton, following which its Class A common stock stopped trading on the NYSE.

3. Wix.com Ltd. (NASDAQ:WIX)

Highbridge Capital’s Stake: $38.2 million

Wix.com Ltd. (NASDAQ:WIX) is a software company that enables users to build websites. As is the case with its peers, the shares have not performed well in today’s AI era. They are down by 71% over the past year and by 55% year-to-date. Similarly, like its peers, Wix.com Ltd. is also making inroads into the AI sector. For instance, on June 2nd, it announced that it was OpenAI’s building partner for the AI company’s Codex Enterprise platform. Through the integration, users of Wix.com Ltd.’s Headless platform will be able to work within Codex.

On June 15th, Wix.com Ltd. partnered up with software giant Microsoft to integrate its Harmony platform into Microsoft’s 365 Copilot. As was the case with the OpenAI partnership, the deal will enable Wix users to fully work within Microsoft’s platform without having to exit it.

In a recent appearance on Mad Money, CNBC’s Jim Cramer couldn’t help but make a sarcastic comment about Wix.com Ltd.:

“Okay, I got a guy, Zach, upstairs, and he can duplicate whatever Wix does, and he comes at a fraction of the cost, and they charge $10 a thing. Just kidding. And Zach’s worth a lot more than Wix.”

2. NextEra Energy, Inc. (NYSE:NEE)

Highbridge Capital’s Stake: $40 million

NextEra Energy, Inc. (NYSE:NEE) is one of the largest regulated utilities in America. The shares are up by 27% over the past year and by 9.3% year-to-date. Several analysts have discussed NextEra Energy, Inc.’s shares in June. For instance, Morgan Stanley raised the share price target to $117 from $111 and kept an Overweight rating on the shares on June 24th. The bank discussed the broader utility sector in its coverage and remarked that it had outperformed the S&P 500 in June. Similarly, Bernstein also commented on NextEra Energy, Inc.’s shares. It initiated coverage on June 17th to set a $107 share price target and an Overweight rating. The financial firm remarked that the utility’s stock had underperformed despite possessing a solid set of fundamentals. It added that there was potential for further upside in NextEra Energy, Inc.’s shares.

However, on the 25th, Erste Group downgraded the shares. It reduced the rating to Hold from Buy and discussed NextEra Energy, Inc.’s long-term liabilities as the reason behind the pessimism. The financial firm believes that the utility can suffer from high financing costs in the case of a highly likely interest rate hike from the Federal Reserve.

1. Electronic Arts Inc. (NASDAQ:EA)

Highbridge Capital’s Stake: $110 million

Video game developer Electronic Arts Inc. (NASDAQ:EA)’s shares are up by 28% over the past year and are flat year-to-date. The firm is currently on track to make history as it is being taken private for a whopping $55 billion price tag. The buyers interested in paying this amount for Electronic Arts Inc. include the Saudi PIF fund and Silver Lake. The affair also includes a $20 billion loan from banking giant JPMorgan, and the deal is the largest leveraged buyout in history.

Electronic Arts Inc.’s fiscal 2026 saw the firm post $8 billion in net bookings and operating cash flow of $2.6 billion. Citi discussed the firm on May 7th. It raised the share price target to $204 from $202 and kept a Neutral rating on the shares. Electronic Arts Inc.’s latest financial results were boosted by the firm’s launch of its Battlefield franchise, according to management.

Harbor Capital Advisors’ Mid Cap Value Fund discussed Electronic Arts Inc. in its Q4 2025 investor letter:

“We sold our position in Electronic Arts Inc. (NASDAQ:EA) in the Communication Services sector. Electronic Arts did well in 2025, advancing approximately 40% for the year. In late September, the company announced an agreement to be acquired by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners for $55 billion. The Fund often benefits from takeovers, as the companies we hold tend to be attractively priced, solid businesses that are undervalued, as was the case with Electronic Arts.”

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