5 Best Stocks According to Clint Carlson’s Carlson Capital

In this article, we discuss 5 Best Stocks According to Clint Carlson’s Carlson Capital. If you want our detailed analysis of Carlson Capital’s history, investment philosophy, and hedge fund performance, go directly to 10 Best Stocks According to Clint Carlson’s Carlson Capital.

5. Duke Realty Corporation (NYSE:DRE)

Carlson Capital’s Stake Value:  $49,455,000

Percentage of Carlson Capital’s 13F Portfolio: 3.39%

Number of Hedge Fund Holders: 25

Duke Realty Corporation (NYSE:DRE) owns and operates industrial assets totaling roughly 159 million rentable square feet in 20 global logistical regions. Securities filings for Q2 2022 reveal Duke Realty Corporation (NYSE:DRE) is a new addition to Clint Carlson’s Carlson Capital with 900,000 shares worth about $49.4 million, representing 3.39% of the portfolio.

According to Insider Monkey’s data, 25 hedge funds were long Duke Realty Corporation (NYSE:DRE) in Q2 2022, an increase from 18 funds in the last quarter. Alec Litowitz and Ross Laser’s Magnetar Capital is the largest stakeholder of the company with 1.9 million shares worth $108 million.

Here is what Baron Real Estate Income Fund has to say about Duke Realty Corporation (NYSE:DRE) in its Q2 2022 investor letter:

“Shares of Duke Realty Corporation, a $25 billion industrial REIT, declined only 7% in the second quarter, in large part because the company agreed to merge with Prologis at a 30% premium. We acquired additional shares in the company in the most recent quarter. We are optimistic about the prospects for the combined Prologis/Duke Realty entity. Prologis is merging with its largest REIT competitor in Duke Realty. Duke’s industrial portfolio is among the best in industrial real estate. The company has an excellent track record in development and construction. We believe the merger has strategic and financial merits including acquiring a high-quality portfolio in mostly similar or attractive real estate markets and the likelihood of realizing both additional revenue and cost savings. We will have more to say on Prologis/Duke Realty in future shareholder letters.”