Top 4 Stock Picks of Marc Lasry’s Avenue Capital

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Below is the list of top 4 stock picks of Marc Lasry’s Avenue Capital. For Marc Lasry’s history, investment philosophy, and hedge fund performance, go directly to Top Stock Picks of Marc Lasry’s Avenue Capital.

4. Amplify Energy Corp. (NYSE:AMPY)

Marc Lasry’s Stake Value: $10.3 million

Percentage of Marc Lasry’s 13F Portfolio: 4.79%

Number of Hedge Fund Holders: 13

Marc Lasry’s Avenue Capital has been holding a position in Amplify Energy Corp. (NYSE:AMPY) since the fourth quarter of 2019. Amplify Energy is among the biggest beneficiaries of improving oil and gas prices. Its stock price has increased 145% so far this year. What’s more, the company expects to generate full-year 2021 free cash flow in the range of $45-$55 million, with expectations that free cash flow will top the $200 million level through 2023. 

As of the end of the June quarter, hedge fund sentiment increased in Amplify Energy. Two Sigma Advisors and Oaktree Capital Management were among the leading shareholders. Overall, 13 hedge funds were bullish on Amplify Energy at the end of the second quarter of 2021 compared to 12 positions in the previous quarter.

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