The annual Sohn conference brings together some of the top hedge fund managers and investors in the world to talk about their top market picks.
It’s all part of an effort to raise money in the childhood fight against cancer. Sohn is one of the most hotly anticipated hedge fund events of the year and is held at Geffen Hall in New York’s Lincoln Center.
The picks from some of the industry titans:
John Khoury, Long Pond Capital
D.R. Horton is moving from an “asset-heavy to asset-light business model,” he said.
The homebuilder also specializes in the “healthiest” part of the market, entry level homes with an average price of around $300,000. He said the company is moving to become a “pure play home manufacturer,” which will benefit its free cash flow generation.
Shares were up 0.8 percent as of early afternoon trading.
Li Ran, Half Sky Capital
Long GrubHub (GRUB)
“GrubHub is the leading online food delivery platform in the U.S,” she said.
The hedge fund manager said the company has a large attractive market, a positive economic model and a successful “proven” concept. She noted Takeaway.com’s success in Europe shows the potential for GrubHub in North America. Ran is also optimistic over GrubHub’s restaurant software offering.
Shares had been trading 1.8 percent higher.
