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Top Ideas From The 2019 Sohn Conference: AerCap, Cigna, 3M, Zillow And More

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Top Ideas From The 2019 Sohn Conference: AerCap, Cigna, 3M, Zillow And More

Some of the best minds on Wall Street lent a peek into their portfolios at Monday’s Ira Sohn Investment Conference. Here are some of their recent plays.

David Einhorn

The Greenlight Capital founder is long AerCap Holdings N.V. (NYSE: AER) as it trades at a 50-percent discount to GATX Corporation (NYSE: GATX). Einhorn is short the latter.

“Neither has consumer-facing businesses, and both have terrible news. AerCap operates in a growing industry with a favorable outlook,” he said. “We think the market has it wrong.”

Ryan Heslop

Firefly Value Partners is short Community Health Systems (NYSE: CYH) and forecasts a bankruptcy filing within the next few years. By Heslop’s assessment, it’s taken on too much debt after an “acquisition binge.”

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Laura Deming

The Longevity Fund partner is long Unity Biotechnology Inc (NASDAQ: UBX), Precision BioSciences Inc (NASDAQ: DTIL), ALX Oncology, Navitor Pharmaceuticals and Metacrine.

Larry Robbins

The Glenview Capital Management CEO is short 3M Co (NYSE: MMM), Chemours Co (NYSE: CC) and big pharma.

Robbins recommends buying hospitals, HCA Healthcare Inc (NYSE: HCA) and HMO-related companies, such as Humana Inc (NYSE: HUM), UnitedHealth Group Inc (NYSE: UNH), Tenet Healthcare Corp (NYSE: THC) and his group favorite, Cigna Corp (NYSE: CI).

Christopher Hansen

The manager of Valiant Capital is long Zillow Group Inc Class A (NASDAQ: ZG) for its high traffic volume and competitive position in real estate.

“We think there’s another big stair-step for this business coming,” Hansen said.

Bihua Chen

Cormorant Asset Management is long Reata Pharmaceuticals Inc (NASDAQ: RETA) for the “striking efficacy” of Bardoxolone.

“I think its safety profile is real and sustainable,” founder Chen said.

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