Top 5 Stock Picks Of Don Morgan’s Brigade Capital

2. Chesapeake Energy Corporation (NASDAQ:CHK)

Mr. Morgan’s Stake Value: $77.9 million

Percentage of Mr. Morgan’s 13F Portfolio: 4.67%

Number of Hedge Fund Holders: 43

Chesapeake Energy Corporation (NASDAQ:CHK) is an American surveyor, acquirer and developer of fossil fuel reserves. The company primarily focuses on locating and developing oil and gas wells, and it has interests in several such properties all over the U.S.

Mr. Morgan’s Brigade Capital held 1.5 million shares of Chesapeake Energy Corporation (NASDAQ:CHK) by the end of the second quarter, which were worth $77.9 ad 4.67% of his portfolio. At the same time, 43 of 873 hedge funds polled by Insider Monkey held a stake in the company.

Chesapeake Energy Corporation (NASDAQ:CHK)’s largest investor is Howard Marks’s Oaktree Capital Management who owns 11.9 million shares worth $619 million.