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

1. Albertsons Companies, Inc. (NYSE:ACI)

Cerberus Capital Management’s Stake Value: $5,047,971,000

Percentage of Cerberus Capital Management’s 13F Portfolio: 80.11%

Number of Hedge Fund Holders: 40

Albertsons Companies, Inc. (NYSE:ACI) has remained Cerberus Capital Management’s top public holding ever since the fund first disclosed its position in the company in its 13F filing for the second quarter of 2020. Cerberus Capital Management had held a stake in Albertsons Companies, Inc. (NYSE:ACI) under its private equity funds before the company became a publicly traded corporation.

Albertsons Companies, Inc. (NYSE:ACI) started trading publicly in June 2020 after raising $1.25 billion from investors in its IPO. Albertsons Companies, Inc. (NYSE:ACI) runs multiple grocery stores under various brand names, mainly in the northeastern and western regions of the US. In addition, it also operates many food-related and grocery companies that sell their products primarily through offline channels. Vivek Sankaran is the current President and CEO of Albertsons Companies, Inc. (NYSE:ACI). Before joining Albertsons Companies, Inc. (NYSE:ACI), Mr. Sankaran was the CEO of PepsiCo Foods North America and Frito-Lay.

At the end of the first quarter of 2022, 39 of the 912 hedge funds we track had a long position in Albertsons Companies, Inc. (NYSE:ACI), up from 29 funds in the previous quarter.

You can also look at the 6 Favorite Stock Picks of Munir Javeri’s 3G Sahana Capital Management and Billionaire Daniel Sundheim’s D1 Capital Portfolio: Top 10 Stock Picks.

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