Joshua S. Friedman and Mitchell R. Julis launched Canyon Capital Advisors in 1990. The hedge fund, which is based in Dallas, strives to outperform bond and stock market indices while reducing volatility. Canyon Capital engages in debt and equity, as well as high-yield debt. Canyon Capital Advisors manages a total of $19 billion in assets. Its flagship fund returned 10.4 percent yearly between 2002 and 2011, compared to 3.3 percent for the S&P 500. The $8.6 billion fund gained 9.3 percent in 2021.
Insider Monkey highlighted stocks to buy using Canyon Capital Advisors’ 13F portfolio. BYD is a gaming and entertainment asset management firm. On February 7, Boyd Gaming declared a quarterly dividend of $0.15 per share. With 4.10 million shares valued at $268.84 million, HG Vora Capital Management has the largest stake. Ardagh Metal Packaging S.A. creates, manufactures, and distributes metal beverage cans. Technical and customer support are also provided by the company. Canyon Capital Advisors expanded its holdings in the company by purchasing an additional 6.05 million shares. On January 25, CIBC analyst Robert Bek maintained an Outperform rating on Shaw Communications Inc. In Q4 2021, 19 hedge funds reported owning stakes worth $731.09 million, down from 21 funds the previous quarter, according to Insider Monkey. Valaris Limited accounts for 3.91 percent of Canyon Capital Advisors’ portfolio, with over 3.20 million shares valued at over $115.14 million. The hedge fund reduced its stake in the company by 7% in the fourth quarter of 2021. Xilinx, Inc. develops computer platforms that are highly adaptable and flexible, allowing for rapid innovation across a wide range of technologies. With 4.05 million shares worth over $857.87 million, Matthew Halbower’s Pentwater Capital Management is one of Xilinx’s largest shareholders. For more details, click 10 Stocks To Buy According To Canyon Capital Advisors.
