Billionaire Michael Platt’s Top 5 Stock Picks

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In this article, we’ll take a look at billionaire Michael Platt‘s top 5 stock picks. To learn more about billionaire Michael Platt and his fund BlueCrest Capital Management and see a more comprehensive list of companies, take a look at billionaire Michael Platt’s Top 10 Stock Picks.

5. Ferguson PLC (NYSE:FERG)

Shares held by BlueCrest Capital Management: 125,239

Value of Position: $16.75 million

Ferguson PLC (NYSE:FERG) represents a new addition in Michael Platt’s BlueCrest Capital 13F portfolio, with the fund acquiring around 125,000 shares between January and March. Overall, there were 62 funds in our database bullish on Ferguson PLC (NYSE:FERG) at the end of March, up by nine over the quarter. Aside from BlueCrest, other notable shareholders of Ferguson PLC (NYSE:FERG) include Nelson Peltz‘s Trian Partners, John Smith Clark‘s Southpoint Capital Advisors, and Brian Ashford-Russell and Tim Woolley‘s Polar Capital.

Since the beginning of the year, shares of Ferguson PLC (NYSE:FERG), a British-American distributor of plumbing and heating products, grew by 14% and it currently has a dividend yield of 2.95%.  In April, Ferguson declared a dividend of $0.75 per share. For the second quarter of fiscal 2023, the company reported EPS of $1.91, which missed the estimates by $0.04, but its revenue of $6.82 billion inched up by 4.8% on the year and topped the expectations by $150 million.

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