In Q4 2021, Discovery Capital Management, run by Rob Citrone, held 344,500 Pfizer Inc. shares worth $20.3 million, or 1.52 percent of all 13F holdings. The investment was given up by the billionaire in the first quarter of 2022. With just $10 million in AUM, Steve Feinberg founded Cerberus Capital Management in 1992. The company’s primary focus was distressed investing, but it has now broadened its scope. Over 785 individuals are currently employed by Cerberus across 23 offices across the world. There are currently 80 managing directors and top leaders who have worked for the company for more than ten years. On March 31, 2022, the market value of Cerberus’ interests climbed to $6.3 billion from $3.5 billion at the end of 2020. Over the past few quarters, the company has grown the size of its public portfolio.
Insider Monkey highlights the top 7 best stocks to buy according to Stephen Feinberg’s Cerberus Capital Management. A cloud-based platform run by Zeta Global Holdings Corp. offers businesses marketing automation and consumer intelligence technologies. In June of last year, the company went public, generating $215 million at a valuation of $10 per share. The company’s stock price has decreased by more than 40% since becoming public. A small-cap firm called Consolidated Communications Holdings, Inc. offers broadband and business communication solutions in the US. Like the majority of businesses in the telecom industry, CNSL has a sizable amount of debt on its balance sheet. During the first quarter of 2022, Cerithium Capital Management boosted its holdings in Altice USA, Inc. by 68 percent to 870,607 shares. Customers in Canada, Puerto Rico, and the Virgin Islands are catered to by the business. It appears that Cerberus Capital Management has significantly increased its holdings in NexTier Oilfield Solutions Inc. At the end of 2020, the fund had more than 40 million shares of the company; during the first quarter of 2021, that number dropped to 33.35 million shares. For more details, click Top 7 Best Stocks To Buy According To Stephen Feinberg’s Cerberus Capital Management.