Top 5 Stock Picks of Malcolm Levine’s Dendur Capital

2. Elanco Animal Health Incorporated (NYSE:ELAN)

Dendur Capital’s Stake Value: $66 million

Percentage of Dendur Capital’s 13F Portfolio: 13.78%

 Number of Hedge Fund Holders: 32

Elanco Animal Health Incorporated (NYSE:ELAN) is a pet healthcare company that provides products such as vaccines, parasiticides, therapeutics, and antibiotics. It is headquartered in Greenfield, Indiana, the United States.

Elanco Animal Health Incorporated (NYSE:ELAN) cut its revenue guidance for 2022 by $100 million as part of its second quarter results due to concerns about business drawdown in China. The company is however a long term play as it is expecting approvals for a dog parvovirus treatment and estimates to generate up to $700 million in revenue from new products.

Dendur Capital owned 3.3 million Elanco Animal Health Incorporated (NYSE:ELAN) shares during this year’s June quarter, allowing it to hold a $66 million stake in the company. As Q2 2022 ended, 32 out of the 895 hedge funds polled by Insider Monkey had invested in the company.

Out of these, Scott Ferguson’s Sachem Head Capital is Elanco Animal Health Incorporated (NYSE:ELAN)’s largest investor. It owns 27.8 million shares that are worth $546 million.