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Bailey McCann, Opalesque New York:

Big name hedge fund managers gathered at the Sohn Investment Conference in New York to share their best ideas. Presenters this year offered a diverse set of opportunities from hotel chains to emerging markets. Here are the top calls.

Longs:

Lauren Taylor Wolfe, of Impactive Capital got things started with a long call on Wyndham Hotels. "There's no hotel we'd rather own," she said of the chain. Despite the upbeat sentiment, Wolfe is taking an activist stance on Wyndham. In her presentation, she listed several things the hotel could do to improve shareholder value and sustainability. Wolfe sees more than 50% upside for the stock and plans to be a long-term investor, pushing for changes at the hotel including an improved environmental record and greener operations.

Matthew Smith of Deep Basin Capital is long Cabot Oil & Gas. Cabot is primarily focused on the Marcellus Shale region and says that the company's production and infrastructure will make it one of the last independent players in the region. Smith expects that the stock will double from its current price of approximately $25. The company could also become an acquisition target given its position in the Marcellus Shale.

David Einhorn of Greenlight Capital said he is long AerCap Holdings (AER), an airplane leasing company. Einhorn argued that investor sentiment has been negative toward AerCap but he thinks "the market has it wrong." He added that Ae......................

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