In this article, we discuss the 5 best stocks to invest in today according to billionaire Michael Hintze. If you wish to read our detailed analysis of Hintze’s history and hedge fund performance, go directly to 10 Best Stocks to Invest in Today According to Billionaire Michael Hintze.
5. Under Armour Inc (NYSE:UA)
Number of Hedge Fund Holders: 53
Percentage of CQS Cayman LP’s 13F holdings: 1.9%
CQS Cayman LP’s Stake Value: $30.34 million
Up next is Under Armour Inc (NYSE:UA), a Maryland-based firm offering sports and performance apparel, as well as footwear and sports equipment. Michael Hintze’s CQS Cayman LP owned 1.68 million shares of Under Armour Inc (NYSE:UA) at the end of the fourth quarter, with a combined value of $30.34 million which represented 1.9% of the fund’s total holdings.
Investors were seen loading up on Under Armour Inc (NYSE:UA) stock in the fourth quarter, where 53 hedge funds held $1.77 billion worth of positions in the company, as opposed to 48 hedge funds a quarter ago. Adage Capital Management was the top shareholder of Under Armour Inc (NYSE:UA) in the fourth quarter, holding a $355.95 million stake consisting of 19.73 million shares.
On March 9, JPMorgan analyst Matthew Boss reiterated an ‘Overweight’ rating on Under Armour Inc (NYSE:UA) shares, and lowered the price target to $23 from $28. The firm noted a “clear inflection in demand” for its products, and the analyst sees a good entry point at current price levels.
Revenue for Q4 stood at $1.53 billion for Under Armour Inc (NYSE:UA), which outperformed estimates by $58.35 million and saw an increase of 8.94% from the year-ago quarter.
4. Starz Acquisition LLC (NASDAQ:STRZA)
Number of Hedge Fund Holders: 16
Percentage of CQS Cayman LP’s 13F holdings: 1.92%
CQS Cayman LP’s Stake Value: $30.65 million
Starz Acquisition LLC (NASDAQ:STRZA) operates as a media and entertainment firm. It has been acquired by Lions Gate Entertainment Corp. (NYSE:LGF-A) in a $4.4 billion deal in a bid to improve the firm’s standing in the global distribution market and the premium scripted television market.
CQS Cayman LP reported owning 603,000 shares of Starz Acquisition LLC (NASDAQ:STRZA) in the fourth quarter, with a price tag of $30.65 million. This amounted to 1.92% of the fund’s overall portfolio. Berkshire Hathaway of legendary investor Warren Buffett was the top shareholder in Starz Acquisition LLC (NASDAQ:STRZA) at the end of the fourth quarter, with 43.21 million shares worth approximately $2.2 billion.
3. Liberty Global plc (NASDAQ:LBTYA)
Number of Hedge Fund Holders: 27
Percentage of CQS Cayman LP’s 13F holdings: 2.63%
CQS Cayman LP’s Stake Value: $41.93 million
Liberty Global plc (NASDAQ:LBTYA) deals in the provision of broadband internet, voice and video services, as well as equipment related to internet WiFi systems and smart homes. CQS Cayman LP owned 1.51 million shares of Liberty Global plc (NASDAQ:LBTYA) in the fourth quarter worth $41.93 million, signaling a 10% jump in holding over the previous quarter.
On March 24, Credit Suisse analyst Luis Sanchez-Lecaroz upgraded Liberty Global plc (NASDAQ:LBTYA) to ‘Outperform’ from ‘Neutral’ with a revised price target of $35, up from $26. He notes that the firm can get back to growth and sees upside from its fiber and other monetizations.
27 hedge funds were bullish on Liberty Global plc (NASDAQ:LBTYA) in the fourth quarter of 2021, with aggregate positions worth $609.7 million. The largest shareholder in the firm at the close of the fourth quarter was Seth Klarman’s Baupost Group, which held almost 54 million shares valued at $1.51 billion.
2. BHP Group (NYSE:BHP)
Number of Hedge Fund Holders: 21
Percentage of CQS Cayman LP’s 13F holdings: 3.34%
CQS Cayman LP’s Stake Value: $53.3 million
BHP Group (NYSE:BHP) ranks next on the list of the best stocks to invest in today according to billionaire Michael Hintze. It is an Australian energy company which explores for and mines oil, gas, coal, copper, uranium, and other natural resources around the world. Michael Hintze recently upped his stake in the firm by 62% to consist of roughly 886,000 shares valued at $53.3 million in the fourth quarter. In comparison, the billionaire held almost 550,000 shares of BHP Group (NYSE:BHP) a quarter ago.
On April 21, Citi analyst Ephrem Ravi upgraded BHP Group (NYSE:BHP) to ‘Buy’ from ‘Neutral’, and increased the price target to £3,200 from £2,750. The analyst believes the firm’s cash flow generation has increased significantly and is too good to ignore, and also expects iron ore prices to stay higher for longer.
As of the fourth quarter, 21 out of the 924 hedge funds tracked by Insider Monkey were long BHP Group (NYSE:BHP) with combined stakes worth $1 billion. This shows a positive trend from the quarter before where 18 hedge funds reported owning $899 million worth of positions in BHP Group (NYSE:BHP).
1. Fox Corporation (NASDAQ:FOX)
Number of Hedge Fund Holders: 27
Percentage of CQS Cayman LP’s 13F holdings: 5.06%
CQS Cayman LP’s Stake Value: $80.62 million
According to 13F filings for the fourth quarter, Michael Hintze’s largest holding was Fox Corporation (NASDAQ:FOX), with 2.35 million shares valued at more than $80 million. The billionaire increased his holding in the firm by 18% over the previous quarter, where he owned 1.99 million shares of the firm.
Fox Corporation (NASDAQ:FOX) is a news and entertainment media network based in the United States. Hedge fund sentiment was positive on the media firm in the fourth quarter of 2021, where 27 hedge funds reported bullish bets on the company shares, as opposed to 25 hedge funds a quarter before. The leading shareholder of Fox Corporation (NASDAQ:FOX) in Q4 2021 was Yacktman Asset Management, which held a $296.7 million stake consisting of 8.65 million shares.
On April 19, Rosenblatt analyst Barton Crockett initiated coverage of Fox Corporation (NASDAQ:FOX) with a ‘Neutral’ rating and $38 price target. The analyst noted that viewership numbers for Fox News are excellent, and the firm has “interesting exposure” to sports betting through FoxBet. However, pressure from pay TV leads the analyst to believe long-term earnings growth is muted for the stock.
You can also take a look at 10 Best Finance Stocks To Buy Now and Billionaire Lee Cooperman’s Top 10 Stocks.
