5 Best Stocks to Buy Now According to Billionaire Howard Marks’ Oaktree Capital

4. Vistra Corp. (NYSE:VST)

Oaktree Capital’s Stake Value: $580 million

Percentage of Oaktree Capital’s 13F Portfolio: 6.74%

Number of Hedge Fund Holders: 42

Vistra Corp. (NYSE:VST) is an American electricity and natural gas provider that serves customers in 20 states and the District of Columbia. The company has more than four million customers and tens of thousands of megawatts of electricity in its portfolio. It is headquartered in Irving, Texas.

Vistra Corp. (NYSE:VST) has the world’s largest electricity storage facility, which is capable of storing 75 megawatts in Moss Landing, California. Additionally, its free cash flow before growth is slated to touch a high end of $2.57 billion this year and its free cash flow at $1.22 billion. Vistra Corp. (NYSE:VST) also pays an 18 cent dividend for a 3.46% yield.

Oaktree Capital owned 25 million Vistra Corp. (NYSE:VST) shares by the end of this year’s June quarter. This enabled it to hold a $580 million stake in the company. Insider Monkey profiled 895 hedge funds for their holdings covering the same time period to discover that 42 had invested in the company.

After Oaktree Capital, Benjamin A. Smith’s Laurion Capital Management is Vistra Corp. (NYSE:VST)’s largest investor It has a $219 million stake that comes through 9.5 million shares.