In 1995, Brian Higgins and O. Francis Biondi created King Street Capital Management. Distressed debts, equities, bonds, warrants, and foreign exchange are all part of the fund’s portfolio. Brian Higgins has an estimated net worth of $1.8 billion. In 2008, King Street returned 2.5 percent, compared to 18.25 percent for the SPDR S&P 500. In the first quarter, King Street boosted its stake in Wells Fargo & Company by 67 percent. Booking Holdings Inc. is in the spotlight as investors flock into companies to profit from the economic rebound. Brian Higgins owns a $46.41 million holding in QCOM Incorporated. Revenue increased by 62.2 percent year over year to $8.24 billion in the first quarter.
Here is Insider Monkey’s list of the 10 best stocks to buy according to billionaire Brian Higgins. According to millionaire Brian Higgins, GoodRx Holdings, Inc. is one of the greatest stocks to buy. The health-insurance firm operates as an e-health platform and a prescription drug price comparison service. The stock of GoodRx makes up 1.45% of King Street Capital’s portfolio. According to millionaire Brian Higgins, Cheniere Energy, Inc. is ranked ninth on the list of the top ten stocks to purchase. Cheniere Energy has a market capitalization of $21.11 billion and has had a 70.25 percent return over the last 12 months. Carvana Co. is an online marketplace for buying and selling used cars in the United States. According to millionaire Brian Higgins, the company ranks eighth on the list of the top ten companies to purchase. Over the last year, Carvana stock has returned 133.37 percent to investors. According to billionaire Brian Higgins, The TJX Companies, Inc. is the seventh greatest stock to purchase. Over the last year, the company’s stock has increased in value by around 20.38 percent. Brian Higgins’ hedge fund has recently added it to its portfolio. According to millionaire Brian Higgins, 8×8, Inc. ranks sixth on our list of the top ten stocks to purchase. Over the previous 12 months, 8×8 stock has returned 76.81 percent to investors. CEO David Sipes purchased 43,000 shares at $23.47 a share, totaling more than $1 million in company stock. For more details, click 10 Best Stocks to Buy According to Billionaire Brian Higgins.
