Top 5 Stock Picks of Jonathan Esfandi’s JNE Partners

In this piece, we will take a look at the top 5 stock picks of Jonathan Esfandi’s JNE Partners. If you want a primer on the hedge fund investor and his firm, then head on over to the Top 10 Stock Picks of Jonathan Esfandi’s JNE Partners.

5. MSD Acquisition Corp. (NASDAQ:MSDA)

JNE Partners’ Stake Value: $15 million

Percentage of JNE Partners’ 13F Portfolio: 8.46%

Number of Hedge Fund Holders: N/A

MSD Acquisition Corp. (NASDAQ:MSDA) is a special purpose acquisition company created by Gregg Lemkau and John Phelan in February 2021. As opposed to some other SPACs that generally have a specific industry or company in mind as a target, MSD Acquisition Corp. (NASDAQ:MSDA) plans to target ‘high-growth’ sectors such as the technology industry.

Mr. Esfandi’s investment firm owned 1.5 million MSD Acquisition Corp. (NASDAQ:MSDA) shares worth $15 million and comprised 8.46% of its portfolio during Q3 2021. The company’s IPO in March last year saw it raise $575 million in proceeds.