Mason Hawkins’ Top 5 Stock Picks

In this article, we will discuss billionaire investor Mason Hawkins’ top 5 stock picks. To see our detailed analysis of Hawkins’ investment philosophy and his hedge fund’s performance over the years, go directly to read Mason Hawkins Net Worth, Performance and Portfolio.

5. FedEx Corporation (NYSE:FDX)

Southeastern Asset Management’s Q1 2023 Stake: $149.04 million 

FedEx Corporation (NYSE:FDX), formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce, and business services based in Memphis, Tennessee. On April 5, FedEx Corporation (NYSE:FDX) declared a 10% hike in its quarterly dividend to $1.26 per share, marking the company’s third consecutive year of dividend growth. The stock has a dividend yield of 1.92%, as of July 12.

Southeastern Asset Management initiated its position in FedEx Corporation (NYSE:FDX) more than a decade ago during the fourth quarter of 2010, at an average quarterly share price $89.94. Currently, the company represents 5.03% of Mason Hawkins’ portfolio.

The number of hedge funds having a stake in FedEx Corporation (NYSE:FDX) increased from 48 in Q4 2022 to 55 in Q1 2023. Citadel Investment Group was the leading hedge fund investor in the company, with a stake worth over $467 million during the first quarter of the year.

The London Company Large Cap Strategy made the following comment about FedEx Corporation (NYSE:FDX) in its first quarter 2023 investor letter:

“FedEx Corporation (NYSE:FDX) – FDX shares rebounded in Q1 following weakness in 2022. FDX was able to exceed lowered earnings expectations on better cost containment including trimming management ranks. We continue to own FDX shares reflecting its global parcel and freight networks, as well as the company’s potential to improve operating results to peer levels that would create significant shareholder value.”