Activist Billionaire Paul Singer 2023 Portfolio: Top 5 Stock Picks

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In this article, we discuss the top 5 stock picks of activist billionaire Paul Singer for 2023. If you want to see more stocks in this selection, check out Activist Billionaire Paul Singer 2023 Portfolio: Top 10 Stock Picks

5. Peabody Energy Corporation (NYSE:BTU)

Elliott Management’s Stake Value: $540,411,059

Number of Hedge Fund Holders: 39

Peabody Energy Corporation (NYSE:BTU) is involved in the coal mining industry. The company’s operations are divided into different segments such as Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining. In Q1 2023, Peabody Energy Corporation (NYSE:BTU) was one of the top stock picks of activist Paul Singer. The billionaire owned 21.10 million shares of the company worth $540.4 million. 

On May 1, B. Riley analyst Lucas Pipes maintained a Buy rating on Peabody Energy Corporation (NYSE:BTU), although the price target for the company’s shares has been revised from $39 to $29 following the Q1 results. The analyst lowered his estimates to align with a dull thermal coal price outlook.

According to Insider Monkey’s first quarter database, 39 hedge funds were bullish on Peabody Energy Corporation (NYSE:BTU), compared to 40 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is a prominent stakeholder of the company. 

Follow Peabody Energy Corp (NYSE:BTU)

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