5 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital

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Below is the list of 5 stocks to buy today according to Jed Nussdorf’s Soapstone Capital. For a detailed discussion about Jed Nussdorf’s investment philosophy and portfolio management strategies please see 10 Stocks to Buy Today According to Jed Nussdorf’s Soapstone Capital.

5. Leidos Holdings, Inc. (NYSE:LDOS

Soapstone Capital’s Stake Value: $14.46 million

Percentage of Soapstone Capital’s Portfolio: 6.64%

Number of Hedge Fund Holders: 28

Jed Nussdorf’s Soapstone Capital lifted its stake in Reston, Virginia-based Leidos Holdings, Inc. (NYSE:LDOS) by 41% during the December quarter to 162,500 shares, with the position accounting for 6.64% of the fund’s 13F portfolio value. Soapstone Capital first initiated a position in the American defense company during the December quarter of 2020 and has further increased its stake in the company over each of the past four quarters. 

The number of bullish long hedge fund positions in Leidos Holdings, Inc. (NYSE:LDOS) also increased substantially during the fourth quarter. It was in 28 hedge funds’ portfolios at the end of the period compared to just 14 positions in the previous quarter. Israel Englander’s Millennium Management was the leading stakeholder in the company among those 28 funds. 

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