Top 5 Stock Picks of Scott Ferguson’s Sachem Head Capital

2. Elanco Animal Health Incorporated (NYSE:ELAN)

Value of Sachem Head Capital’s Stake: $965.6 million

Percentage of Sachem Head Capital’s 13F Portfolio: 25%

No. of Hedge Fund Holders: 42

Elanco Animal Health Incorporated (NYSE:ELAN) is a pharmaceutical firm that manufactures medicines and vaccines for pets and livestock. Our data shows that Sachem Head Capital is the biggest shareholder of the company with more than 27 million shares worth $965.6 million.

On October 28, investment advisory Stifel downgraded Elanco Animal Health Incorporated (NYSE:ELAN) stock to Hold from Buy and decreased its price target to $34 from $37, stating that the global livestock market is still in a difficult situation.