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6 Stocks Hedge Funds Love in a Recession

InvestorPlace logo InvestorPlace 7/6/2022 Mark R. Hake
Today, I have chosen six stocks hedge funds love. To simplify this, I decided to pick the top three stocks of two of the most watched hedge funds that are the most popular in the market.  One of those funds is Michael Burry's Scion Asset Management. We use the company's 13-F holdings report from the first quarter (Q1) as shown by the Dataroma database, which shows the top three stocks his fund owns on a long-term basis.  The other major fund is the Omega Advisors hedge fund.  This is now mostly a family office for Leon Cooperman and represents his own personal investments. The information for this is also from the company's 13-F holdings and shows the top three stocks he held as of Mar. 31.  We use the Dataroma database to follow his holdings. As a result, we can figure out how well they still like these stocks each quarter as the information changes.  Moreover, even if these top three holdings have fallen during Q2, which is likely the case, we can get the benefit of their analysis by buying them now. That is because they are cheaper and if these funds liked the stocks at a higher price, they must certainly still like them.                7 Best Large-Cap Stocks to Buy in July 2022               Let's dive in and look at these stocks:    Ticker Company Price   BMY Bristol-Myers Squibb Company $76.40   BKNG Booking Holdings Inc. $1,804.54   WBD Warner Bros. Discovery, Inc. $14.40   COOP Mr. Cooper Group Inc. $37.81   GOOG Alphabet Inc. $2,260.17   APO Apollo Global Management, Inc. $51.13    © Provided by InvestorPlace
Today, I have chosen six stocks hedge funds love. To simplify this, I decided to pick the top three stocks of two of the most watched hedge funds that are the most popular in the market. One of those funds is Michael Burry's Scion Asset Management. We use the company's 13-F holdings report from the first quarter (Q1) as shown by the Dataroma database, which shows the top three stocks his fund owns on a long-term basis. The other major fund is the Omega Advisors hedge fund.  This is now mostly a family office for Leon Cooperman and represents his own personal investments. The information for this is also from the company's 13-F holdings and shows the top three stocks he held as of Mar. 31. We use the Dataroma database to follow his holdings. As a result, we can figure out how well they still like these stocks each quarter as the information changes. Moreover, even if these top three holdings have fallen during Q2, which is likely the case, we can get the benefit of their analysis by buying them now. That is because they are cheaper and if these funds liked the stocks at a higher price, they must certainly still like them. Let's dive in and look at these stocks: Ticker Company Price BMY Bristol-Myers Squibb Company $76.40 BKNG Booking Holdings Inc. $1,804.54 WBD Warner Bros. Discovery, Inc. $14.40 COOP Mr. Cooper Group Inc. $37.81 GOOG Alphabet Inc. $2,260.17 APO Apollo Global Management, Inc. $51.13
6 stocks hedge funds love in a recession, including the top 3 holdings from Michael Burry and Leon Cooperman.More From InvestorPlace
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