5 Stocks to Buy According to Kevin McCarthy’s Breakline Capital

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In this article, we discuss 5 stocks to buy according to Kevin McCarthy’s Breakline Capital. If you want to check out a detailed analysis of McCarthy’s investment philosophy and recent portfolio allocation strategies, go directly to 10 Stocks to Buy According to Kevin McCarthy’s Breakline Capital.

5. Fox Corporation (NASDAQ:FOX)

Breakline Capital’s Stake Value: $4,912,000
Percentage of Breakline Capital’s 13F Portfolio: 5.64%
Number of Hedge Fund Holders: 31

Fox Corporation (NASDAQ:FOX) produces and distributes news, sports, and entertainment content under its recognizable domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, and FOX Television Stations.

Fox Corporation (NASDAQ:FOX) announced a semi-annual dividend of $0.25 per share on August 12, a 4.2% increase from the previous distribution of $0.24. Yacktman Asset Management is Fox Corporation (NASDAQ:FOX)’s largest shareholder, with shares worth $256.48 million.

In the second quarter of 2022, Breakline Capital purchased 152,745 shares of Fox Corporation (NASDAQ:FOX), worth $4.91 million. That represented 5.64% of the hedge fund’s total portfolio. Out of the hedge funds tracked by Insider Monkey, 31 reported having ownership stakes in Fox Corporation (NASDAQ:FOX) as of the end of the second quarter of 2022, down from 38 a quarter earlier. The aggregate value of these funds’ Q2 holdings stood at $610.52 million.



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