5 Stocks Hedge Fund Legend Donald Sussman is Buying

4. Noble Corporation (Cayman Island) (NYSE:NE)

Paloma Partners also opened a new position in Noble Corp (Cayman Island) (NYSE:NE) during Q3, consisting of 210,084 shares valued at $5.69 million. Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors has the largest stake in Noble Corp among the funds tracked by Insider Monkey, owning 3.55 million shares.

Noble Corp (Cayman Island) (NYSE:NE) shares have gained 9% over the past month, making up for the stock’s losses after Noble Corp (Cayman Island) (NYSE:NE) announced in November that it would combine with Maersk Drilling in a primarily all-stock transaction. The tie-up is expected to produce annual cost synergies of $125 million and will give the drilling company a combined 20 floaters and 19 jack-up rigs.