Top 5 Stock Picks of Roberto Mignone’s Bridger Management

3. Morgan Stanley (NYSE:MS)

Bridger Management’s Stake Value: $143,821,000
Percentage of Bridger Management’s 13F Portfolio: 5.36%
Number of Hedge Fund Holders: 61

The financial services company Morgan Stanley (NYSE:MS) is situated in New York City and provides brokerage, investment management, and venture capital services. The purchase of American Financial Systems, a supplier of nonqualified executive benefit plan solutions and services, was announced by Morgan Stanley (NYSE:MS) at Work on June 22.

On May 3, Chris Kotowski, an Oppenheimer analyst, raised Morgan Stanley (NYSE:MS)’s rating from Perform to Outperform and a price objective of $111. Boykin Curry’s Eagle Capital Management was the leading shareholder of Morgan Stanley (NYSE:MS) during Q1 2022, with a stake comprising 14.13 million shares valued at $1.23 billion, representing a 3% decrease in holding from the previous quarter.

In the first quarter of 2022, 61 hedge funds were bullish on Morgan Stanley (NYSE:MS) shares, with aggregate holdings worth $3.26 billion. This is compared to 65 hedge funds in the fourth quarter with combined positions worth $4.52 billion in the firm.

Here is what Artisan Partners has to say about Morgan Stanley (NYSE:MS) in its Q3 2021 investor letter:

“Morgan Stanley, a leading global financial services company, came into the portfolio in late 2020 as a result of its purchase of E*TRADE. The acquisition is a great fit for Morgan Stanley’s wealth management platform and provides a considerable amount of non-interest-bearing deposit funding. James Gorman, chairman and CEO, has steadily de-risked the business by adding less volatile fee streams to complement its leading positions in cyclical businesses such as advisory, equities and FICC (fixed income, currencies and commodities). We believe the company will prove its resiliency and value over the long term.”