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

2. IHS Markit Ltd. (NYSE:INFO)

Berry Street Capital Stake Value: $64,754,000
Percentage of Berry Street Capital’s 13F Portfolio: 6.67%
Number of Hedge Fund Holders: 69

IHS Markit Ltd. (NYSE:INFO) is a globally diversified information, analytics, and solutions company. Matthew Halbower’s Pentwater Capital Management is the biggest stakeholder of IHS Markit Ltd. (NYSE:INFO) in our database, owning 9.31 million shares worth $1.24 billion.

Out of the 924 hedge funds in our database that filed 13Fs for the December quarter, 69 of them were shareholders of IHS Markit Ltd. (NYSE:INFO) on December 31, with positions worth $8.55 billion, up from 64 funds holding stakes in IHS Markit Ltd. (NYSE:INFO) worth $6.72 billion a quarter earlier.

BMO Capital analyst Jeffrey Silber trimmed his price objective on IHS Markit Ltd. (NYSE:INFO) to $118 from $142 on January 24 and maintained a ‘Market Perform’ rating on the stock. Silber told investors that his lower target price reflected the projected takeover value of S&P Global Inc. (NYSE:SPGI), expected to be completed this quarter.

Artisan Partners, an investment management firm, mentioned IHS Markit Ltd. (NYSE:INFO) in its investor letter for the first quarter of 2021. Here is what it said:

“We ended our campaign in IHS Markit. IHS Markit is a global provider of information services to the financial services, automotive, and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced in Q4 it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we exited our position as the combined entity will be well beyond our mid-cap market cap mandate.”