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Fortress Investment Group LLC Buys 1, Sells 4 in 1st Quarter

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May 18, 2022
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Fortress Investment Group LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Fortress Investment Group is an investment management company based out of New York. The company began as a private equity firm established by Wesley R. Edens, Robert Kauffman, and Randal A. Nardone in 1998. Randal A. Nardone and Wesley Robert Edens are still with the company today acting as its CEO and CIO, respectively. The company would experience rapid growth, quickly growing from its $400 million initial capital to over $1.3 billion in just a year, and reaching the $10 billion mark by 2005. The company would have its IPO in 2007 on the NYSE and would launch a variety of funds throughout the years. Fortress Investment Group would acquire Logan Circle Partners in 2010, marking its entrance into fixed income asset management, and would begin opening international offices in San Francisco, Shanghai, and Singapore in the following year. The company would begin launching a series of funds at a rate of multiple funds a year beginning in 2012. Fortress Investment Group would create its spinoff company New Residential Investment Corp in 2013 and New Media Investment Group in 2014. The company operates through four core businesses: private equity, liquid markets, credit, and traditional asset management. Fortress Investment Group utilizes a fundamental analysis with a bottom up value strategy to make its investment decisions. The company invests in a variety of public equity, private equity, and alternative investment markets on a global scale, focusing its asset allocations almost exclusively in the finance sector. Fortress Investment Group currently has over 1,000 employees overlooking its business of managing over $72 billion in total assets under management, which has been increasing nearly every year since its inception. The company mainly caters to pooled investment vehicles, although it also offers its services to pension and profit sharing plans, corporations, and others. Fortress Investment Group currently offers private equity, credit, and liquid market services through its main business and offers traditional asset management services through Logan Circle Partners.

As of the latest 13F report, the guru’s equity portfolio contained 214 stocks valued at a total of $1,781,000,000. The top holdings were NFE(32.05%), MP(15.11%), and ACI(11.01%).

According to GuruFocus data, these were Fortress Investment Group LLC’s top five trades of the quarter.

Mountain Crest Acquisition Corp


The guru established a new position worth 1,817,620 shares in NAS:MCACU, giving the stock a 1.1% weight in the equity portfolio. Shares traded for an average price of $15.92 during the quarter.

On 05/18/2022, Mountain Crest Acquisition Corp traded for a price of $9.94 per share and a market cap of $0. The stock has returned 0.00% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Mountain Crest Acquisition Corp has a price-book ratio of 1.11.

Albertsons Companies Inc


Fortress Investment Group LLC reduced their investment in NYSE:ACI by 11,529,449 shares. The trade had a 13.36% impact on the equity portfolio. During the quarter, the stock traded for an average price of $31.05.

On 05/18/2022, Albertsons Companies Inc traded for a price of $27.45 per share and a market cap of $14,348,354,000. The stock has returned 58.16% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Albertsons Companies Inc has a price-earnings ratio of 10.15, a price-book ratio of 4.63, a price-earnings-to-growth (PEG) ratio of 0.43, a EV-to-Ebitda ratio of 5.38 and a price-sales ratio of 0.22.

Vistra Corp


Fortress Investment Group LLC reduced their investment in NYSE:VST by 1,563,598 shares. The trade had a 1.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $22.18.

On 05/18/2022, Vistra Corp traded for a price of $25.435 per share and a market cap of $10,970,444,000. The stock has returned 56.41% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Vistra Corp has a price-earnings ratio of 31.03, a price-book ratio of 2.08, a price-earnings-to-growth (PEG) ratio of 9.13, a EV-to-Ebitda ratio of 7.79 and a price-sales ratio of 1.00.

The price-to-GF Value ratio is 1.13, earning the stock a GF Value rank of 5.

Austerlitz Acquisition Corp II


The guru sold out of their 1,120,000-share investment in NYSE:ASZ. Previously, the stock had a 0.42% weight in the equity portfolio. Shares traded for an average price of $9.74 during the quarter.

On 05/18/2022, Austerlitz Acquisition Corp II traded for a price of $9.77 per share and a market cap of $1,926,085,000. The stock has returned -0.10% over the past year.

GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 2 out of 10.

In terms of valuation, Austerlitz Acquisition Corp II has a price-earnings ratio of 23.66, a price-book ratio of 1.48 and a EV-to-Ebitda ratio of -1494.23.

MSD Acquisition Corp


The guru sold out of their 994,013-share investment in NAS:MSDA. Previously, the stock had a 0.38% weight in the equity portfolio. Shares traded for an average price of $9.78 during the quarter.

On 05/18/2022, MSD Acquisition Corp traded for a price of $9.77 per share and a market cap of $702,219,000. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 1 out of 10.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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