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

4. Masonite International Corporation (NYSE:DOOR

Soapstone Capital’s Stake Value: $18.12 million

Percentage of Soapstone Capital’s Portfolio: 8.33%

Number of Hedge Fund Holders: 20

Jed Nussdorf of Soapstone Capital has been lifting his stake in Masonite International Corporation (NYSE:DOOR) over each of the past two quarters. In the December quarter, the fund increased its position in the company by 35% to 153,655 shares, representing 8.83% of the value of its 13F portfolio. Shares of the door manufacturer have plunged by more than 20% over the last six months amid broader market trends.

As of December 2021, 20 hedge funds were bullish about the company. Praesidium Investment Management Company and Sunriver Management were among the leading stakeholders in Masonite International Corporation.