5 Stocks to Buy According to Gavin Baker’s Atreides Management

2. American Eagle Outfitters, Inc. (NYSE:AEO)

Baker’s Stake Value: $314.62 million

Percentage of Gavin Baker’s 13F Portfolio: 5.61%

Number of Hedge Fund Holders: 41

American Eagle Outfitters, Inc. (NYSE:AEO) is a Pennsylvania-based company specializing in clothing accessory retail. It was found in 1977 and had a market cap of $4.41 billion.

Atreides Management started investing in the company in the third quarter of 2020. According to its Q2 filings, the hedge fund owns around 8.4 million shares worth $314.62 million, representing 5.61% of Atreides Management’s current portfolio. According to the Insider Monkey database, 41 hedge funds owned stakes in American Eagle Outfitters, Inc. (NYSE:AEO) at the end of the second quarter, down from 43 in the previous quarter.