In 1993, Clint Carlson founded Carlson Capital, a hedge fund for alternative asset management. The fund provides its services to businesses and pooled investment vehicles, with its main office located in Dallas, Texas. It uses a multi-strategy approach to investing and manages close to $5.3 billion. In 2021, Carlson Capital, run by Clint Carlson, had $666 million in assets and gave investors an 8.4% return. Double Black Diamond, the hedge fund’s flagship investment, had a 3.94 percent return in April. Carlson outperformed the industry in 2021, returning 13.3% versus the average return of 10% for hedge funds. Carlson Capital owned 69,000 shares of Morgan Stanley as of June 21, when Credit Suisse upgraded Exxon Mobil Corporation to “Outperform” from “Neutral”. The $5.15 million investment in the oil behemoth belongs to the fund manager.
Here is Insider Monkey’s list of 10 stocks to buy according to Carlson Capital. Proletariat, a Boston-based startup, was officially acquired by Activision Blizzard, Inc. Entertainment on July 1 in order to better serve the players of the popular massively multiplayer online role-playing game World of Warcraft. In the first quarter of 2022, Carlson Capital bought 350,000 Activision Blizzard shares for a total of $28.04 million. Supplier of engineered materials is Glatfelter Corporation. Since 1989, the business has distributed dividends to its stockholders. At the end of the first quarter of 2022, 44 hedge funds had First Horizon National Corporation in their holdings. That indicates a record-high proportion of hedge funds owning the stock. Investors need to be aware of a rise in smart money enthusiasm. At the end of the first quarter, 37 hedge funds owned Vonage Holdings Corp., down from 38 funds the previous quarter. By $3.7 billion, Telefonaktiebolaget LM Ericsson overpaid for Vonage. One of Carlson Capital’s significant holdings in the Q1 portfolio is CMC Materials, Inc. 186,000 shares worth roughly $34.48 million are held by the fund. 2.35 percent of the fund’s total 13F portfolio value was made up of this stock. For more details, click 10 Stocks To Buy According To Carlson Capital.
