5 New Stock Picks of Bruce Kovner’s Caxton Associates

In this article, we discuss 5 new stock picks of Bruce Kovner’s Caxton Associates. If you want to see more new holdings of Caxton Associates, check out 10 New Stock Picks of Bruce Kovner’s Caxton Associates. 

5. Matson, Inc. (NYSE:MATX)

Caxton Associates’ Stake Value: $1,862,000

Percentage of Caxton Associates’ 13F Portfolio: 0.15%

Number of Hedge Fund Holders: 22

Matson, Inc. (NYSE:MATX) is a Hawaiian company that specializes in ocean transportation and logistics services. Caxton Associates added Matson, Inc. (NYSE:MATX) to its Q1 portfolio by acquiring 15,438 shares worth $1.86 million, representing 0.15% of the total holdings.  

On June 23, Matson, Inc. (NYSE:MATX) declared a $0.31 per share quarterly dividend, a 3.3% increase from its prior dividend of $0.30. The dividend is payable on September 1, shareholders of record as of August 4. Matson, Inc. (NYSE:MATX) delivers a dividend yield of 1.64% as of July 15. 

Stifel analyst Benjamin Nolan on June 24 reiterated a Buy recommendation on Matson, Inc. (NYSE:MATX). He noted that President Biden signed the Ocean Shipping Reform Act on June 16, which may improve the shipping conditions of U.S. exporters, but it will be costly to consumers. 

According to Insider Monkey’s data, 22 hedge funds were long Matson, Inc. (NYSE:MATX) in Q1 2022, up from 19 funds in the last quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest stakeholder of the company, with 213,128 shares worth $25.70 million.