5 Best Stocks to Buy According to David Rodriguez-Fraile’s BlueMar Capital

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This article discusses the top 5 stock picks of David Rodriguez-Fraile’s BlueMar Capital at the end of June 2022. If you want to read about the fund’s portfolio in detail and the changes it made to its portfolio during Q2, please check out 10 Best Stocks to Buy According to David Rodriguez-Fraile’s BlueMar Capital.

5. LPL Financial Holdings Inc. (NASDAQ:LPLA)

BlueMar Capital’s Stake Value: $9,431,000

Percentage of BlueMar Capital’s 13F Portfolio: 6.33%

Number of Hedge Fund Holders: 47

Though BlueMar Capital slashed its holdings in LPL Financial Holdings Inc. (NASDAQ:LPLA) by a whopping 42% during the second quarter, the company continued to remain the fund’s fifth most loved stock pick at the end of that period. The reason for that feat is mostly the strong outperformance exhibited by LPL Financial Holdings Inc.’s (NASDAQ:LPLA) stock this year, which is currently trading up 38.5% year-to-date. Founded in 1989 and based in San Diego, California, LPL Financial Holdings Inc. (NASDAQ:LPLA) is a boutique investment banking and brokerage firm.

While BlueMar Capital reduced its stake in LPL Financial Holdings Inc. (NASDAQ:LPLA) during the second quarter, several hedge funds covered by us did just the opposite. British-Irish billionaire John Armitage’s Egerton Capital Limited solidified its holdings in the company by 40% to 1.11 million shares, and billionaire Stephen Mandel’s Lone Pine Capital initiated a stake in the company by purchasing around 2.3 million shares.

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