Top 5 Stock Picks of Nicolai Tangen’s Ako Capital

This article discusses Nicolai Tangen’s hedge fund Ako Capital’s top 5 stock picks at the end of June 2022. If you want to know about Ako Capital’s recent performance, history, and its top 10 stock picks, you can go to the Top 10 Stock Picks of Nicolai Tangen’s Ako Capital.

05. Equifax Inc. (NYSE:EFX)

Ako Capital’s Stake Value: $406.208 million

Percentage of Ako Capital’s 13F Portfolio: 5.68%

Number of Hedge Fund Holders as of Q1 2022: 43

On July 20, Equifax Inc. (NYSE:EFX) released financial results for the second quarter. The company reported earnings per share of $2.09, which was $0.09 higher than expected. Additionally, the $1.32 billion in sales for the time period was up 7.3% from the prior year, which was in line with expectations. Ako Capital is the largest shareholder of Equifax Inc. (NYSE:EFX), with 2.22 million shares worth $406.208 million.

According to Wall Street Journal, which cited bank executives and other people knowledgeable about the problems, Equifax (NYSE:EFX) allegedly issued erroneous credit scores for millions of Americans seeking loans over the course of a three-week period earlier in 2022. However, following The Wall Street Journal’s revelation, BofA analyst Heather Balsky stated that she does not believe this to be a material event based on feedback from the company. Balsky, who reiterates a Neutral recommendation on Equifax shares, pointed out that the Journal implies there might be some regulatory risk.