George Soros 2022 Portfolio: 5 Value Stock Picks

2. CI Financial Corp. (NYSE:CIXX)

Soros Fund Management’s Stake Value: $6,980,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.1%

Number of Hedge Fund Holders as of December 31: 17

PE Ratio (TTM): 6.90

CI Financial Corp. (NYSE:CIXX) is a Toronto, Ontario-based biggest investment management firm in terms of asset under management (AUM) in Canada.

As of March 31, 2022, CI Financial Corp. (NYSE:CIXX) reported an AUM of C$145 billion, up from C$138.5 billion during the last year. The company’s total assets saw a growth of 54% in March. CI Financial Corp. (NYSE:CIXX) also completed the acquisitions of LLC of Newport Beach, Galapagos Partners, and Corient Capital Partners in April. In a note issued to investors on May 16,  Scott Chan at Canaccord kept a Buy rating on CI Financial Corp. (NYSE:CIXX), with a price target of C$23.5.

As of Q1 2022, the total assets of CI Financial Corp. (NYSE:CIXX) stood at $369.8 billion, and the company saw net redemptions of $1.2 billion.