5 Stocks to Buy According to Daniel Kim’s Blackcrane Capital

2. Ferguson plc (NYSE:FERG)

Stake Value of Blackcrane Capital: $13,602,000

Percentage of Blackcrane Capital’s 13F Portfolio: 16.6%

Number of Hedge Fund Holders: 11

Ferguson plc (NYSE:FERG) is a British multinational plumbing and heating products distributor with its head office in Wokingham, England.

Ferguson plc (NYSE:FERG) is the newest addition to Daniel Kim’s Blackcrane Capital. According to the latest filings, Mr. Kim owns over 97,000 shares of the company which amounts to a total stake value of $13.6 million. The investment covers an impressive 16.6% of Blackcrane Capital’s 13F portfolio.

By the end of the second quarter of 2021, 11 hedge funds out of the elite 873 funds tracked by Insider Monkey held stakes in Ferguson plc (NYSE:FERG). The value of these stakes came out at $6.87 billion. This is compared to 5 positions in the first quarter of 2021, with stakes worth $1.64 billion.

The share price for Ferguson plc (NYSE:FERG) has gone up by 13.07% over the past six months, and 17.44% year to date.