Top 5 Stock Picks of Dmitry Balyasny’s Hedge Fund

04. The Boeing Company (NYSE:BA)

Balyasny Asset Management’s Stake Value: $178.632 million

Percentage of Balyasny Asset Management’s 13F Portfolio: 0.58%

Number of Hedge Fund Holders as of Q2, 2022: 51

Balyasny Asset Management increased its stake in The Boeing Company (NYSE:BA) during Q2 by 345%, holding 1.3 million shares of The Boeing Company (NYSE:BA), worth $178.632 million. The shares of The Boeing Company (NYSE:BA) continue to have an Overweight rating from Morgan Stanley analyst Kristine Liwag, who raised his price target for the stock from $215 to $233 on September 8.

Meridian Funds discussed The Boeing Company (NYSE:BA) in the second quarter investor letter. Here is what the fund said:

“We similarly remained invested in largely out-of-favor The Boeing Company (NYSE:BA), a global leader in developing and producing commercial jet aircraft. Due to some self-inflicted wounds and a bit of bad luck, as well as dramatic declines in air travel early in the pandemic, investor sentiment for this company has simply been awful. As part of our contrarian thinking, however, we view the business as critical to global transportation needs and see multiple catalysts to improve sentiment. In addition to the current surge in air travel worldwide, ramped up production of the 737 MAX aircraft and the pending restart of 787 Dreamliner deliveries should help turn broader sentiment. Additionally, we anticipate a meaningful inflection in cash flow as Boeing starts delivering aircraft currently in storage as well as the eventual expansion of its production in both core platforms.”