3 Best Stocks to Buy According to Stephen Feinberg’s Cerberus Capital Management

In this article, we will discuss the top 3 stock picks of Stephen Feinberg’s Cerberus Capital Management at the end of the first quarter of 2022. If you want to read our detailed analysis of Cerberus Capital Management’s performance and history, please check out 7 Best Stocks to Buy According to Stephen Feinberg’s Cerberus Capital Management.

3. Deutsche Bank Aktiengesellschaft (NYSE:DB)

Cerberus Capital Management’s Stake Value: $331,637,000

Percentage of Cerberus Capital Management’s 13F Portfolio: 5.26%

Number of Hedge Fund Holders: 15

Cerberus Capital Management reduced its stake in the commercial and investment banking giant Deutsche Bank Aktiengesellschaft (NYSE:DB) by 59% to a little over 26 million shares during the first quarter.

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have never fully recovered from the plunge they took amidst the financial crisis in 2008. Before the financial crisis, Deutsche Bank Aktiengesellschaft’s (NYSE:DB) stock made an all-time high above $150, and during the crisis, it tanked to $20 levels. Although it recovered close to $80 soon on the back of the recovery post the financial crisis, it has been on a consistent downward trajectory since then. A major part of the losses that investors have suffered in the stock can be attributed to mismanagement by the bank’s top executives.

Earlier this year, in June, Asoka Woehrmann, the ex-CEO of Deutsche Bank Aktiengesellschaft’s (NYSE:DB) DWS group, resigned as the CEO after authorities in Germany raided its Frankfurt offices. The raid happened over allegations that the bank’s asset management business was engaging in greenwashing, i.e., fudging numbers to support its ESG claims in an effort to mislead investors.