Top 5 Stock Picks of Roberto Mignone’s Bridger Management

4. Morgan Stanley (NYSE:MS)

Bridger Management’s Stake Value: $26,029,000
Percentage of Bridger Management’s 13F Portfolio: 5.86%
Number of Hedge Fund Holders: 58

Bridger Management made its first investment in Morgan Stanley (NYSE:MS), an American provider of worldwide financial services and investment management, during the fourth quarter of 2010, purchasing shares worth about $82.11 million. In Q2 2022, the hedge fund sold 32,378 Morgan Stanley (NYSE:MS) shares, reducing its position in the company by 9%. As a result, the fund’s MS stake amounted to over $26.03 million in Q2, representing 5.86% of Bridger Management’s portfolio.

As per Insider Monkey’s Q2 data, the number of hedge funds holding stakes in Morgan Stanley (NYSE:MS) decreased to 58 by the end of Q2, down from 61 at the end of Q1. The total stake value of those 58 funds was roughly $2.99 billion. With shares worth nearly $1.06 billion, Eagle Capital Management is the biggest Morgan Stanley (NYSE:MS) investor among those funds.

On July 15, Barclays analyst Jason Goldberg maintained an ‘Overweight’ rating on Morgan Stanley and decreased his price objective from $123 to $108 following the Q2 results.

In its Q2 2022 investor letter, Sound Shore Management mentioned Morgan Stanley (NYSE:MS). Here is what the firm had to say:

“Morgan Stanley (NYSE:MS) is a long term holding, retreated despite having business models that are more resilient, over-capitalized and underappreciated by the market. In June, the Federal Reserve’s stress tests again blessed the health of the overall banking system. Morgan Stanley stood out with an 11% increase in its annual dividend, yielding 4.1% at quarter’s end.”