Top Investors’ Stock Portfolio: 5 Small Cap Stocks to Buy

2. The ODP Corporation (NYSE:ODP)

Market Cap as of November 4: $1.94 Billion

Number of Hedge Fund Holders: 32

The ODP Corporation (NYSE:ODP) is a leading provider of office products and services, including office supplies, technology products and solutions, business machines and related services, and office furniture. The ODP Corporation (NYSE:ODP) has a strong cash position and has free cash flows of $99 million. The stock is currently trading at an attractive valuation and, as of November 4, has a trailing twelve-month PE ratio of 11.21. The ODP Corporation (NYSE:ODP) is ranked high among the top investors’ stock portfolio.

In addition to having a strong cash position, The ODP Corporation (NYSE:ODP) reinvests in itself. On November 2, The ODP Corporation (NYSE:ODP) announced that its board of directors has authorized a share buyback program of $1 billion, available through 2025.

At the end of Q2 2022, 32 hedge funds disclosed ownership of stakes in The ODP Corporation (NYSE:ODP) and held collective stakes of $372.8 million in the company. As of June 30, HG Vora Capital Management is the largest investor in The ODP Corporation (NYSE:ODP) and holds a position worth $151.2 million in the company.

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