In this article, we discuss the top 5 stock picks of Frank Fu’s CaaS Capital. If you want to read our detailed analysis of Fu’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of Frank Fu’s CaaS Capital.
5. Enphys Acquisition Corp. (NYSE:NFYS)
CaaS Capital’s Stake Value: $19,788,000
Percentage of CaaS Capital’s 13F Portfolio: 0.81%
Number of Hedge Fund Holders: N/A
Enphys Acquisition Corp. (NYSE:NFYS) was founded as a blank check corporation to execute a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more enterprises. Jorge de Pablo, Carlos Guimarães, Pär Lindström, and Matas de Buján founded the company on March 3, 2021. While Enphys Acquisition Corp. (NYSE:NFYS) may pursue a business combination target in any industry or geographic location, it plans to concentrate on companies in Ibero-America that have an energy transition and sustainability strategy, particularly renewable energy.
Enphys Acquisition Corp. (NYSE:NFYS) announced the pricing of its initial public offering (IPO) of 30 million shares at $10.00 per unit on October 5, 2021. Enphys Acquisition Corp. (NYSE:NFYS) is one of the top stock picks of Frank Fu as of Q1, with his hedge fund owning 2.05 million shares worth $19.79 million, representing 0.81% of CaaS Capital’s total investments.