Top 5 Stock Picks of Andrew Immerman’s Palestra Capital

2. Alliance Data Systems Corporation (NYSE:ADS)

Palestra Capital’s Stake Value: $354.57 million

Palestra Capital’s 13F Portfolio: 7.52%

Number of Hedge Fund Holders: 31

Alliance Data Systems Corporation (NYSE:ADS) is Andrew Immerman’s second largest holding, with 3.51 million shares valued at $354.57 million, representing a 7.52% slice of his overall portfolio at Palestra Capital. The company deals in the provision of data-driven marketing, loyalty, and payment solutions to clients around the world.

In the third quarter, Alliance Data Systems Corporation (NYSE:ADS) reported earnings per share (GAAP) of $4.47, exceeding consensus estimates by $1.25.

31 hedge funds were long Alliance Data Systems Corporation (NYSE:ADS) at the close of the third quarter, holding positions worth $1.11 billion. In comparison, 34 hedge funds held stakes worth $1.33 billion in the company a quarter ago.