Josh Friedman’s Canyon Capital Portfolio: Top 5 Stock Picks

2. Berry Global Group, Inc. (NYSE:BERY)

Canyon Capital’s stake value: $150 Million

Berry Global Group, Inc. (NYSE:BERY) is the third largest holding of Canyon Capital’s 13F portfolio with a stake worth $150 million. The firm decreased its stake in the company by 3% in the second quarter. On the other hand, the company is likely to extend the double-digit revenue growth momentum in the quarters ahead and expects full-year free cash flow in the range of $900 million to $1 billion.

Of the 912 hedge funds tracked by Insider Monkey, Berry Global was in 42 portfolios as of the end of March. Skylands Capital and Bailard Inc were among the leading stakeholders in the company.