Lawrence Kam is the General Partner of the investment management firm Sonic Fund, L.P. The portfolio of the fund presently manages around $176 million and is diversified across eight industries. Currently, the fund’s main holding is in the healthcare sector. By the conclusion of the third quarter of 2021, the fund had stocks in a number of well-known companies. The fund’s top 10 stock picks were US Foods Holding Corp., United States Steel Corporation, and Citigroup Inc.
Here is Insider Monkey’s list of the top 10 stock picks of Lawrence Kam’s Sonic Capital. Cedar Fair, L.P. operates theme parks in 48 states and Canada. Its sales for the third quarter of 2021 was $753.4 million, up 761.4 percent year over year and beating expectations by $89.96 million. By the conclusion of Q3 2021, Sonic Capital had the most shares in the company. The hedge fund had 1.4 million shares worth $67 million in its portfolio. The company reported revenue of $190 million, which was $22.2 million below expectations. Wells Fargo & Company reported $18.83 billion in third-quarter sales, down 2.4 percent year over year. By the conclusion of the third quarter of 2021, Sonic Capital owned 158,574 shares of the firm, valued a total of $7.3 million. AMC Entertainment Holdings Inc is a movie theater chain based in the United States. By the end of the third quarter of 2021, Sonic Capital had 200,000 shares in the company worth about $7.6 million, accounting for 4.3 percent of the fund’s 13F portfolio. Spirit Airlines Incorporated is a low-cost airline based in the United States. The business is active in the United States, the Caribbean, and Latin America. By the end of Q3 2021, Sonic Capital owned 300,000 shares in the company, valued at roughly $7.7 million. For more details, click Top 10 Stock Picks Of Lawrence Kam’s Sonic Capital.