5 Stocks to Invest In Today According to Orkun Kilic’s Berry Street Capital

In this article, we discuss 5 stocks to invest in today according to Orkun Kilic’s Berry Street Capital. If you want to read our detailed analysis of Kilic’s history and hedge fund performance, go directly to 10 Stocks to Invest In Today According to Orkun Kilic’s Berry Street Capital.

5. Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH)

Berry Street Capital Stake Value: $24,650,000
Percentage of Berry Street Capital’s 13F Portfolio: 2.54%
Number of Hedge Fund Holders: 55

Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) is a Bill Ackman-founded blank check firm that went public on July 22, 2020, with a market capitalization of $4 billion. Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) is one of the latest acquisitions of Berry Street Capital. The hedge fund held shares worth over $24.65 million in Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), representing 2.54% of its 13F portfolio.

At the end of the fourth quarter of 2021, 55 hedge funds in the database of Insider Monkey held stakes worth $964.92 million in Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH), up from 49 positions in the previous quarter valued at $798.59 million.

In its fourth quarter 2021 investor letter, Pershing Square Capital Management, an investment management firm, mentioned Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH). Here is what the fund said:

“While seeking a transaction for PSTH, we are simultaneously looking to improve its structure with the launch of SPARC.

SPARC seeks to improve upon PSTH’s structure:

✓ Investors opt-in to the initial business combination (“IBC”)

✓ Reduced opportunity cost with no investor funding until a target is identified

✓ Amount of capital raised can be precisely tailored to capital requirements of merger partner

✓ Up to 10 years to complete a transaction vs. 2 years for a typical SPAC

✓ No underwriting fees

✓ Pure common stock capital structure other than 20% out-of-the-money warrants on 5.21% of shares outstanding held by Pershing Square funds and SPARC directors

Timing of SPARC distribution assuming receipt of regulatory approval:

If PSTH executes an IBC before SPARC registration statement is declared effective, distribution of SPARs to PSTH shareholders and warrantholders would occur shortly prior to IBC closing.

If PSTH does not consummate an IBC, distribution would occur concurrently with return of PSTH capital in trust…” (Click here to see the full text)