Top 4 Stock Picks of Marc Lasry’s Avenue Capital

2. Chesapeake Energy Corporation (NASDAQ:CHK)

Marc Lasry’s Stake Value: $47.32 million

Percentage of Marc Lasry’s 13F Portfolio: 21.83%

Number of Hedge Fund Holders: 43

Chesapeake Energy Corporation (NASDAQ:CHK) is one of the top stock picks of Marc Lasry’s Avenue Capital as shares of the exploration and production company grew significantly since it exited chapter 11 bankruptcy. Avenue Capital Group bought 0.93 million shares of Chesapeake during the second quarter. 

As of the end of June, Oaktree Capital Management was the leading shareholder of Chesapeake. Of the 873 hedge funds tracked by Insider Monkey, 43 hedge funds were bullish at the end of June compared to 42 positions in the previous quarter. Our calculations showed that CHK isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings).