Top 5 Stock Picks of Himanshu Shah’s Shah Capital

4. Antero Resources Corporation (NYSE:AR)

Shah Capital’s Stake Value: $41 million

Percentage of Shah Capital’s 13F Portfolio: 10.72%

Number of Hedge Fund Holders: 64

Antero Resources Corporation (NYSE:AR) is an independent natural gas and oil company that is headquartered in Denver, Colorado, the United States. The company has access to hundreds of thousands of acres of drilling sites and millions of cubic feet of proven reserves.

Mr. Shah’s hedge fund held 1.3 million Antero Resources Corporation (NYSE:AR) shares during this year’s June quarter which let it hold a $41 million stake in the company. Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 64 had also bought Antero Resources Corporation (NYSE:AR)’s shares.

Antero Resources Corporation (NYSE:AR)’s future is uncertain since the recent slowdown in China and the natural gas market has led to reduced growth estimates for the firm’s revenue. Despite this, the fact that the company rode the tide on high natural gas prices this year has resulted in its stock price appreciating by a massive 73% year to date. However, over the course of the past month, the shares are down by 27%.

Antero Resources Corporation (NYSE:AR)’s largest investor is Zach Schreiber’s Point State Capital which owns 4.2 million shares that are worth $129 million.