Billionaire Jeffrey Talpins’ Top 5 Stocks Picks

4. XPO Logistics, Inc. (NYSE: XPO)

Talpins’ Stake Value: $34,497,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.45%
Number of Hedge Fund Holders: 57

XPO Logistics, Inc. (NYSE: XPO) provides supply chain solutions globally. It was founded in 2000 and is placed fourth on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. XPO Logistics, Inc. (NYSE: XPO) shares have offered investors more than 86% in returns over the course of the past 12 months.

On August 12, Morgan Stanley analyst Ravi Shanker initiated coverage of XPO Logistics, Inc. (NYSE: XPO) with an “Equal Weight” rating and gave a $75 price target. On July 28, XPO Logistics, Inc. (NYSE: XPO) posted earnings for the second quarter of 2021. The company declared earnings per share of $1.86, beating the estimates by $0.17. 

Element Capital Management holds 246,599 shares in XPO Logistics, Inc. (NYSE: XPO), worth over $34 million. This represents 5.45% of their portfolio. The hedge fund added this stock to its portfolio in the second quarter of 2021. Lyrical Asset Management is a leading shareholder in XPO Logistics, Inc. (NYSE: XPO), with 2.80 million shares worth more than $392 million.

Adestella Investment Management, in its fourth-quarter 2020 investor letter, mentioned XPO Logistics, Inc. (NYSE: XPO). Here is what the fund said:

“XPO Logistics (XPO) – the XPO thesis was very simple, but it proved very successful. As the stock irrationally sold off in the spring and made only a tepid recovery in the following months, we were able to buy into a well-operated business with plenty of growth drivers at a compelling price. Sentiment surrounding the company improved thanks to a strong earnings, the resumption of asset sale plans that had been shelved in the spring, and the announcement of a spinoff to unlock the SOTP value. As the stock approached our estimate of a $115 fair value, we exited with more than a clean double from our cost basis.”