This five-star money manager shares three stock picks, including one betting on dying American malls

A highly rated fund manager has outlined three stock picks, including one position that leans into the decline of American shopping malls rather than away from it. The other two names, according to the summary, are likely unfamiliar to many U.S. investors—a reminder that manager conviction doesn't always follow the most crowded or recognizable corners of the market.

The mall-related bet is notable because it runs against the broad narrative that e-commerce has permanently impaired traditional retail real estate. A pick like this typically reflects a specific thesis—perhaps a niche operator, a turnaround, or an asset the manager believes is mispriced—rather than a general call on the sector. That distinction matters: a single manager's contrarian view is not evidence that mall exposure as a whole has turned attractive.

For investors, the takeaway is less about copying the picks than about the reasoning behind them. What to watch: the manager's stated thesis, the size of these positions within the fund, and whether the unfamiliar names have the liquidity and disclosure quality to support a long-term holding.