Top 5 Stock Picks of John D. Gillespie’s Prospector Partners

2. Alleghany Corporation (NYSE:Y)

Prospector Partners’ Stake Value: $22,914,000

Percentage of Prospector Partners’ 13F Portfolio: 2.94%

Number of Hedge Fund Holders: 32

Alleghany Corporation (NYSE:Y) is an investment holding company that owns and operates subsidiaries and investments, anchoring its portfolio in property, casualty reinsurance, and insurance companies. According to Andrew Bary from Barron’s, Alleghany Corporation (NYSE:Y) operates on a smaller scale when compared to Berkshire Hathaway Inc. (NYSE:BRK-A), yet the company adopts a similar strategy as Warren Buffett. He also stated that Alleghany Corporation (NYSE:Y) has strong property and casualty insurance businesses that are benefiting from higher industry pricing.

As of the second quarter of 2021, 32 hedge funds in the database of 873 exclusive funds maintained by Insider Monkey were bullish on Alleghany Corporation (NYSE:Y), down from 34 in the preceding quarter.