In this article, we will discuss the top 5 stock picks of apocalyptic investor Crispin Odey. If you want to read our detailed analysis of Odey’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stocks Picks of Apocalyptic Investor Crispin Odey.
5. Stellantis N.V. (NYSE:STLA)
Odey’s Stake Value: $25,564,000
Percentage of Crispin Odey’s 13F Portfolio: 5.74%
Number of Hedge Fund Holders: 28
Stellantis N.V. (NYSE:STLA) is a global automotive company that designs, engineers, manufactures, distributes, and sells passenger cars, pickup trucks, SUVs, and light commercial vehicles. The company was established in 1899 and stands fifth on the list of top 10 stocks picks of apocalyptic investor Crispin Odey.
The hedge fund chaired by Crispin Odey currently owns 1.30 million shares of Stellantis N.V. (NYSE:STLA) worth over $25.56 million.
4. CNH Industrial N.V. (NYSE:CNHI)
Odey’s Stake Value: $34,016,000
Percentage of Crispin Odey’s 13F Portfolio: 7.65%
Number of Hedge Fund Holders: 24
CNH Industrial N.V. (NYSE:CNHI) manufactures, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles globally.
The hedge fund chaired by Crispin Odey holds 2.03 million shares in CNH Industrial N.V. (NYSE:CNHI) worth over $34.02 million. Odey Asset Management Group’s stake in CNH Industrial N.V. (NYSE:CNHI) shares increased by 3% in the second quarter of 2021. Hedge funds are loading up on CNH Industrial, as Insider Monkey’s data shows that 24 hedge funds held stakes in the company in the second quarter of 2021, compared to 23 funds a quarter earlier.
Longleaf Partners Fund, in its first-quarter 2021 investor letter, mentioned CNH Industrial N.V. (NYSE:CNHI). Here is what the fund has to say about CNH Industrial in its letter:
“CNH Industrial (CNH) (23%, 1.19%), one of the world’s largest agriculture machinery manufacturers, was another top contributor. CNH reported strong fourth quarter results, beating the consensus on every metric. The Agricultural Equipment (Ag) business, which represents the majority of our value, posted strong top-line growth of 19% YoY thanks to rising commodity prices, growing trade with China and the replacement of aging machinery fleets. Visibility for the first half of 2021 is strong, given solid Ag order growth across most key end markets, and we expect to see operational turnarounds in CNH’s other businesses. The company is also guiding 8-12% industrial sales growth for 2021, which is better than our initial expectation. The most positive surprise for the quarter was the company’s strong cash generation. CNH generated approximately $2.4bn FCF in the fourth quarter alone, driven by working capital release leading to a strong net cash position for the industrial segment. Due to the recent stock price appreciation, the price-to-value gap has narrowed, but we continue to have a positive view given a more favorable market outlook, the company’s strong execution capability and management’s continued commitments to value accretive transactions, including the planned splitting of the business and potentially other strategic asset sales.”
3. Barrick Gold Corporation (NYSE:GOLD)
Odey’s Stake Value: $34,525,000
Percentage of Crispin Odey’s 13F Portfolio: 7.76%
Number of Hedge Fund Holders: 47
Barrick Gold Corporation (NYSE:GOLD) is a gold and copper exploration, mine development, production, and selling company.
The hedge fund managed by Crispin Odey owns 1.67 million shares in Barrick Gold Corporation (NYSE:GOLD) worth over $34.53 million, representing 7.76% of their portfolio. Odey Asset Management Group has reduced its stake in the firm by 1% in the second quarter of 2021. Jonathan Dawson’s Southport Management is a leading shareholder in Barrick Gold Corporation (NYSE:GOLD), with 50,000 shares worth more than $1.03 million.
GoodHaven Capital Management, in its fourth-quarter 2020 investor letter, mentioned Barrick Gold Corporation (NYSE:GOLD). Here is what the fund said:
“Barrick’s recent results have been consistent with our expectations. Barrick has begun inching up the dividend as planned, which should continue increasing absent them finding a large acquisition (they want more copper assets) or a materially lower price of gold. We’d also expect periodic special dividends during stronger gold price environments. At current gold prices we estimate normalized free cash flow at Barrick of over $1.60/share. The company is now about net-debt free. We see plenty of upside and absent a collapse in gold not too much downside. Missing from much of the public discussions about gold, but potentially interesting, is the supply/demand backdrop. As the Wall Street Journal (8/16/20) recently said “gold is amongst the rarest metals in the earth’s crust and much of the easier to get to ore has already been mined. What is left is harder to find and more expensive to extract…” According to the World Platinum Council, it was forecasted that there will be a supply and demand imbalance of 1.2 million ounces globally. The potential macro tailwinds that could add value to an alternate currency like gold including currency concerns, excessive debt and continuing negative real interest rates are still out there. While the shares performed well for the year they were weak in the second half and now stand more attractively priced.”
2. Shaw Communications Inc. (NYSE:SJR)
Odey’s Stake Value: $43,727,000
Percentage of Crispin Odey’s 13F Portfolio: 9.83%
Number of Hedge Fund Holders: 23
Shaw Communications Inc. (NYSE:SJR) is a North American connectivity company. It was incorporated in 1966 and is ranked second on the list of top 10 stocks picks of apocalyptic investor Crispin Odey. Shaw Communications Inc. (NYSE:SJR) currently has a market capitalization of $14.37 billion.
Crispin Odey owns a $43.73 million stake in Shaw Communications Inc. (NYSE:SJR). Baupost Group is Shaw Communications Inc.’s (NYSE: SJR) most significant stakeholder, with 7.53 million shares worth $218.13 million.
1. Deutsche Bank Aktiengesellschaft (NYSE:DB)
Odey’s Stake Value: $46,626,000
Percentage of Crispin Odey’s 13F Portfolio: 10.48%
Number of Hedge Fund Holders: 20
Deutsche Bank Aktiengesellschaft (NYSE:DB) is a multinational investment bank and financial services corporation headquartered in Germany. The company was founded in 1870 and is placed first on the list of top 10 stock picks of apocalyptic investor Crispin Odey.
Crispin Odey’s Odey Asset Management Group holds 3.56 million shares in Deutsche Bank Aktiengesellschaft (NYSE:DB), worth over $46.63 million, representing 10.48% of their portfolio.
You can also take a peek at the 12 Best Long-Term Dividend Stocks To Buy Now and 11 Best Dividend Aristocrats with over 3% Yield.
