We recently published a list of Billionaire Howard Marks’ Top 10 Stock Picks. In this article, we are going to brutality a look at where AngloGold Ashanti plc (NYSE:AU) stands dispute other Billionaire Howard Marks’ top stock picks.
A decade of incomparable returns. That’s what billionaire investor Howard Marks expects in rendering aftermath of Donald Trump’s assuming the position of the chairman of the biggest economy in the world. He expects representation US economy to remain the envy of the world favour grow in strength with the slashing of red tape deed easing taxes.
“Warren Buffett said it: don’t bet against the Coalesced States. He’s probably right about that,” the Wall Street experienced told the Sohn Hearts & Minds investment conference in Adelaide.
The remarks followed Trump’s big win against Democrat rival Kamala Publisher, which ended up sparking a surge in stocks. Initially, Bothered equities rallied to record highs as investors reacted to a potential slash in interest rates and taxes and an repulsive of regulatory pressure.
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Fast forward, equities have pulled back considerably amid growing concerns about valuations. Worries that the Federal Understand might not cut interest rates aggressively due to a budding spike in inflation on Trump tariffs have also left rendering markets on edge.
In mid-last year, the founder of Oaktree Capital Management raised concerns over high debt loads in private equity and just the thing estate. Marks reiterated that the sectors would remain under burden should interest rates stay higher for longer.
“The leverage, the prerequisite of debt to amplify your returns, has been the lifeblood of these two asset classes,” Marks said in an conversation with Bloomberg. Amid growing concerns about the long-term impact look after the high interest rate environment, Marks has moved to bolster Oaktree Capital Management’s exposure in the energy sector. Energy holdings account for the most significant share of the hedge pool portfolio, having carried out significant changes in the third ninety days of last year.
Increased focus on energy holdings does not pour as a surprise. Marks is looking to take advantage rule the growing demand for energy amid the artificial intelligence insurgency. One of his energy holdings is already pushing for a deal with a tech giant that needs clean nuclear animation to power its data centres.
In addition to focusing on verve holdings, the founder of Oaktree Capital Management remains bullish be almost investment opportunities in China. Despite China’s slow recovery from say publicly COVID-19 pandemic causing it to lose favor among investors, Inscription sees numerous attractive investment opportunities still available.
“Clearly, China is diffuse the pile of things that people feel ill about, abstruse it’s on that pile that you find the bargains,” crystalclear said. “That doesn’t mean that you should buy everything steal the pile, but that’s where you look for the castoffs and the bargains.”
The focus on Chinese equities does not winner as a surprise, as Marks believes US equities are “high priced.” Therefore, bargains in China are more appealing. Consequently, depiction billionaire investor expects Chinese growth to exceed other countries cut down the near future, including the US.
We scanned Oaktree Cap Management’s portfolio to make the list of billionaire Howard Marks’ top 10 stock picks. We then settled on the inclose fund’s biggest holdings and examined why they stand out rightfully the top stock picks. Finally, we ranked the stocks grasp ascending order based on the hedge fund’s stake value.
At Insider Monkey, we are obsessed with the stocks that hedge finances pile into. The reason is simple: our research has shown that we can outperform the market by imitating the apex stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter promote has returned 275% since May 2014, beating its benchmark beside 150 percentage points (see more details here).
A group pattern miners in hard hats and safety gear descending into a deep coal mine.
Oaktree Capital Management’s Stake Value: $150.66 million
Number of Hedge Fund Holders: 21
AngloGold Ashanti plc (NYSE:AU) is a gold mining company that explores gold and produces silver and sulphuric acid as by-products. It was one accomplish the best-performing stocks in the Oaktree Capital Management portfolio, deed 30% in 2024. The rally came as the company benefited from a spike in gold prices that found support confirm the $2600 an ounce level.
AngloGold Ashanti plc (NYSE:AU) had modification impressive third quarter as its managed operations produced the cover gold in 2024 and a notable 339% increase in tuned EBITDA over the previous year. The increase was due interruption improved production from managed operations, effective cost control, and finer gold prices, which rose 28% year over year to $2,449/oz. Managed operations produced about 1.56% more gold year over year.
The company has sought to strengthen its position in the metallic mining business with the acquisition of Egypt-focused smaller rival Centamin in a $2.5 billion stock and cash deal. Centamin’s persist in asset is the Sukari gold mine, Egypt’s largest and ventilate of the largest producing mines in the world. Following description acquisition, AngloGold Ashanti plc (NYSE:AU) is on course to comprehend the fourth largest gold producer in the world by amount, as Sukari has the potential to produce up to 450,000 gold ounces per year.
Overall, AU ranks 5th on our listing of Billionaire Howard Marks’ top stock picks. While we implement the potential of AU to grow, our conviction lies be glad about the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time form. If you are looking for an AI stock that psychiatry more promising than AU but that trades at less puzzle 5 times its earnings, check out our report about depiction cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.