Billionaire Marc Lasry’s Top 5 Stock Picks

In this piece, we will take a look at billionaire Marc Lasry’s top five stock picks. If you want to take a deeper look at the hedge fund investor and how his approach might be suited to the current stock market climate, then check out Billionaire Marc Lasry’s Top 10 Stock Picks.

5. Frontier Communications Parent, Inc. (NASDAQ:FYBR)

Avenue Capital’s Q2 2023 Investment: $1.2 million

Number of Hedge Fund Investors in Q2 2023: 39

Frontier Communications Parent, Inc. (NASDAQ:FYBR) is an American telecommunications company headquartered in Norwalk, Connecticut. The firm is seeing a bit of divergence when it comes to analyst sentiment, as JPMorgan rated the shares as Overweight in September but Morgan Stanley rated them as Underweight during the same month.

As of Q2 2023, 39 out of the 910 hedge funds surveyed by Insider Monkey had held a stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR). Out of these, the firm’s largest shareholder is Stephen Feinberg’s Cerberus Capital Management since it owns 24 million shares that are worth $448 million.