James Dinan is the founder of York Capital Management, as well as an investor and philanthropist. Mr. Dinan spent his childhood in Maryland and Massachusetts. In 1981, he earned a bachelor’s degree in economics from the University of Pennsylvania. York Capital Management, the now billionaire’s hedge fund, was started in 1991. According to Forbes, Mr. Dinan’s current net worth is $1.9 billion as of November 17th, 2021. In the 1990s, the millionaire started his hedge fund with $3.6 million and currently oversees $947 million in 13F securities.
Insider Monkey takes a look at 10 stocks to sell according to billionaire James Dinan. NCR Corporation is based in Atlanta, Georgia, and was founded in 1881. At the end of the second quarter of 2021, 38 hedge funds, including York Capital Management, had positions in NCR Corporation worth $526.4 million. The Cayman Islands-based corporation was created in 2000 and is located in George Town. York Capital Management’s 13F portfolio was covered by the investment, which accounted for 0.38 percent of the total. Dinan chose to sell all of his shares in StoneCo Ltd in the third quarter and depart the company entirely. Union Pacific Corporation reported $5.57 billion in revenue, up 13.15 percent year over year, and outperformed expectations by $175.07 million. Union Pacific Corporation was owned by 69 hedge funds at the end of the second quarter of 2021, including York Capital Management. According to billionaire James Dinan, JD.Com Inc is one of the ten stocks to sell. The firm was founded in 2006, and its headquarters are in Beijing, China. JD Retail and New Businesses are the two segments in which it works. The company’s headquarters are in Bellevue, Washington, where it was formed in 1994. Mr. Dinan had a $3.72 million investment in the company at the end of the second quarter of 2021. T-Mobile US, Inc. was also owned by 99 other hedge funds, with a total value of $8.02 billion. For more details, click 10 Stocks To Sell According To Billionaire James Dinan.