Top 5 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners

3. Equitable Holdings Inc. (NYSE:EQH)

Closing out the first half of our list of Steamboat Capital Partners’ top finance stock picks is financial services company Equitable Holdings Inc (NYSE:EQH), which the investment advisor owned 492,145 shares of on September 30 worth $14.59 million. Steamboat timed its entry into EQH exceptionally well, initiating a position in Q2 2020. Equitable Holdings Inc (NYSE:EQH) shares have gained 75% since the end of that quarter.

As with Donnelley Financial, Equitable Holdings Inc (NYSE:EQH) is coming off a very strong Q3 during which it grew its EPS by 56% year-over-year to $1.94, beating estimates by 39%. Revenue hit $3.62 billion, also topping estimates, while assets under management hit a record high of $871 billion, up by 17%. Hedge funds appear to be impressed by Equitable Holdings’ investment income reallocation and risk management initiatives over the past few years, which have better positioned the company to thrive amid the evolving regulatory landscape.

Stocks like Alphabet Inc. (NASDAQ:GOOG), Meta Platforms, Inc. (NASDAQ:FB), and Amazon.com, Inc. (NASDAQ:AMZN) may be sexier, but Steamboat Capital Partners’ top five finance stock picks have some star power of their own, including Paypal Holdings, Inc. (NASDAQ:PYPL). Check them out at the link below.