Top 5 Stock Picks of Michael Bilger’s 59 North Capital

3. Brookdale Senior Living Inc. (NYSE:BKD)

59 North Capital Stake: $36,588,000         

Percentage of 59 North Capital’s Portfolio: 10.48%

Number of Hedge Fund Holders: 20

Brookdale Senior Living Inc. (NYSE:BKD) operates senior living residences across the United States. The company provides facilities for independent living, assisted living, and skilled nursing. 59 North Capital increased its stake in Brookdale Senior Living Inc. (NYSE:BKD) by 29% during the previous quarter, and the total value of the fund’s stake in the company amounted to $36.5 million at the end of Q2 2022.

Brookdale Senior Living Inc. (NYSE:BKD) reported Q2 2022 revenue of $689.52 million, down 4.67% YoY. The normalized EPS of -$0.44 beat the market consensus estimate by $0.01. The management pointed out to the tough labor market for the slowdown in Q2 2022.

At the end of Q2 2022, 20 hedge funds in our database showed a liking for Brookdale Senior Living Inc. (NYSE:BKD) stock. The company’s leading stakeholder at the end of June quarter was Camber Capital Management, with a total holding of $16 million shares.