12th Street Asset Management is a Delaware-based investing firm. Michael O’Keefe, the company’s principal manager and majority owner, formed it. Separate managed accounts and sub-advisory accounts are the two types of accounts through which the firm provides services to its clients. Graphic Packaging Holding Company, LKQ Corporation, and Berry Global Group, Inc. are 12th Street Asset Management’s top three investments. Together, the top three firms account for nearly 23% of the hedge fund’s $452 million portfolio.
Here is Insider Monkey’s list of top 15 stock picks of Michael O’Keefe’s 12th Street Asset Management. Skechers U.S.A., Inc. reported $1.5 billion in revenue and $0.66 in GAAP EPS for the third quarter, both of which were below analyst expectations. Insider Monkey examined 867 hedge funds at the end of the third quarter, and 35 of them had a stake in the company. Pinnacle Financial Partners, Inc. is Pinnacle Bank’s parent corporation. In an October 2021 research note, Wells Fargo raised the company’s price objective to $145. The bank looks to benefit from its healthcare division’s outstanding performance. The Pioneer Natural Resources Company is a privately held oil and gas exploration and production firm. By the end of Q3 2021, 48 of the 867 hedge funds surveyed by Insider Monkey had a position in the firm. Mizuho raised its price estimate for the business to $263 in an October 2021 analyst note. Hub Group, Inc. is based in Oak Brook, Illinois, formed in 1971. By the conclusion of the third quarter of this year, 19 of the 867 hedge funds surveyed by Insider Monkey owned a stake in the transportation company. Masco Corporation is a global manufacturer and distributor of home improvement and equipment. By the end of Q3 2021, 29 of the 867 hedge funds surveyed by Insider Monkey had a position in the firm. In an October 2021 analyst note, Loop Capital boosted the company’s price target to $67. CCK is one of the world’s oldest firms, having been founded in 1892. In October 2021, Mizuho set a price target of $129 for the company. By the conclusion of the third quarter, 52 of the 867 hedge funds surveyed by Insider Monkey owned stock in the business. For more details, click Top 15 Stock Picks Of Michael O’Keefe’s 12th Street Asset Management.
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