Sculptor Capital’s Top 5 Stock Picks

In this article, we discuss the top 5 stock picks of Sculptor Capital. If you want our detailed analysis of these stocks, go directly to Sculptor Capital’s Top 10 Stock Picks. 

5. Workday, Inc. (NASDAQ:WDAY)

Sculptor Capital’s Stake Value: $370,585,000

Percentage of Sculptor Capital’s 13F Portfolio: 3.05%

Number of Hedge Fund Holders: 72

Workday, Inc. (NASDAQ:WDAY) is a software company offering cloud-based systems for financial management and human capital management. Sculptor Capital, as of September 2021, owns 1.48 million shares in Workday, Inc. (NASDAQ:WDAY), worth $370.5 million, representing 3.05% of Sculptor’s Q3 investments. 

At the end of the third quarter of 2021, 72 hedge funds monitored by Insider Monkey were long Workday, Inc. (NASDAQ:WDAY), with a total stake value of $6.38 billion. The leading stakeholder of the company is Stephen Mandel’s Lone Pine Capital, with a position valued at $1.24 billion in Workday, Inc. (NASDAQ:WDAY).

On November 18, the Q3 EPS for Workday, Inc. (NASDAQ:WDAY) came in at $1.10, beating estimates by $0.23. The revenue was up 20% from the prior-year quarter at $1.33 billion, outperforming estimates by $15.64 million. Following the Q3 results, Needham analyst Scott Berg on November 19 raised the price target on Workday, Inc. (NASDAQ:WDAY) to $360 from $310 and kept a Buy rating on the shares.

Here is what ClearBridge Investments has to say about Workday, Inc. (NASDAQ:WDAY) in its Q1 2021 investor letter:

“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”