Top 5 Stock Picks of Dmitry Balyasny’s Hedge Fund

03. TransDigm Group Incorporated (NYSE:TDG)

Balyasny Asset Management’s Stake Value: $180.966 million

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

Number of Hedge Fund Holders as of Q2, 2022: 66

TransDigm Group Incorporated (NYSE:TDG) was founded in 1993 and is based in Cleveland, Ohio. TransDigm Group Incorporated (NYSE:TDG) designs, produces, and supplies aircraft components in the United States and internationally.

Balyasny Asset Management upped its stake in TransDigm Group Incorporated (NYSE:TDG) during Q2 by 254%. It held 337,202 shares of TransDigm Group Incorporated (NYSE:TDG), at the end of Q2, having a total worth of $180.966 million.

In its Q2 2022 investor letter, Vulcan Value Partners mentioned TransDigm Group Incorporated (NYSE:TDG) and explained its insights for the company. Here is what the fund said:

“TransDigm Group Inc. is an aerospace manufacturing firm that provides highly engineered, niche components for use on commercial and military aircraft. The vast majority of the company’s profits come from aftermarket sales of sole-sourced products. The company produces high levels of free cash flow and has an effective, shareholder-oriented management team who are good capital allocators. Despite the company’s strong results during the quarter and solid outlook, its stock price declined.”