Top 5 Stock Picks of Himanshu Shah’s Shah Capital

In this article, we will look at the top five stock picks of Himanshu Shah’s Shah Capital. If you want to learn more about the hedge fund and discover more stocks, head on over to Top 10 Stock Picks of Himanshu Shah’s Shah Capital.

5. Genworth Financial, Inc. (NYSE:GNW)

Shah Capital’s Stake Value: $41 million

Percentage of Shah Capital’s 13F Portfolio: 10.59%

Number of Hedge Fund Holders: 22

Genworth Financial, Inc. (NYSE:GNW) is an American insurance provider that is headquartered in Richmond, Virginia. The firm provides its services in the U.S. and globally, and it offers mortgage, life, and other insurance products.

Genworth Financial, Inc. (NYSE:GNW) has a fortress of a balance sheet that sees it own two independent insurance companies that are cumulatively worth $79 billion. One of these, Enact is slated to earn $600 million this year and pay $200 million in dividends. The company’s latest quarter saw it bring in $1.88 billion in revenue, missing analyst estimates of $1.94 billion.

Shah Capital owned a $41 million stake in Genworth Financial, Inc. (NYSE:GNW) by the end of this year’s second quarter, which came through 11 million shares and represented 10.59% of its portfolio. Insider Monkey’s 895 hedge fund survey for the same time period saw 22 investors in the company.

Out of these, Lawrence Kam’s Sonic Capital is Genworth Financial, Inc. (NYSE:GNW)’s second largest investor. It owns 3.3 million shares that are worth $11.7 million.