3 Best Stocks to Buy According to Billionaire Marc Lasry

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01. Amplify Energy Corp. (NYSE:AMPY)

Avenue Capital’s Stake Value: $16.751 million

Percentage of Avenue Capital’s 13F Portfolio: 25.49%

Number of Hedge Fund Holders: 13

Amplify Energy Corp. (NYSE:AMPY) is a company that buys, develops, exploits, and produces oil and natural gas resources in the US. As of December 31, 2021, it had 2,417 gross producing wells and total estimated proved reserves of about 121.2 million barrels of oil equivalent. The company is based in Houston, Texas. The stock has gained 113.5% value year to date.

Out of 895 hedge funds in our database, 13 hedge funds were long Amplify Energy Corp. (NYSE:AMPY) in the second quarter of 2022. Their total stake value was about $33.5 million. Avenue Capital has maintained a stake in Amplify Energy Corp. (NYSE:AMPY), comprising a constant number of shares (2.561 million) since Q4, 2019. The stock comprises 25.49% of Avenue Capital’s 13F portfolio.

You can also take a look at 10 High-Yield Dividend Stocks for Stable Income and 10 Dividend Stocks to Buy According to Billionaire Cliff Asness.

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