Top 5 Stock Picks of Jon Bauer’s Contrarian Capital

4. Vedanta Limited (NYSE:VEDL)

Contrarian Capital Stake Value: $43,408,000
Percentage of Contrarian Capital’s 13F Portfolio: 6.42%
Number of Hedge Fund Holders: 10

Shares of natural resource company Vedanta Limited (NYSE:VEDL) rallied 206.64% in the last 12 months. The company’s consolidated quarterly revenue was $300.48 billion, up 44% year over year.

The company is placed fourth on the list of top 10 stock picks of Jon Bauer’s Contrarian Capital. Contrarian Capital owns approximately 3.06 million shares in Vedanta Limited, valued at over $43.41 million, accounting for 6.42% of its total holdings. In the second quarter of 2021, the hedge fund raised its holdings by 3%, making it the leading shareholder of Vedanta Limited. At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $63.95 million in the company.