10 Best Digital Payments Stocks To Buy Now

7. Block, Inc. (NYSE:SQ)

Number of Hedge Fund Investors In Q1 2024: 65

Quite a well known firm, Block, Inc. (NYSE:SQ) provides users with the ability to make payments with their phones to merchants, retailers, and others. Even though its shares jumped after the latest earnings report in May 2024, an NBC report claimed that regulators were taking a look at its payments history to see if it involved terrorist financing.

After sifting through Q1 2023 hedge fund regulatory filings, Insider Monkey found that 65 funds had held a stake in Block, Inc. (NYSE:SQ). Catherine D. Wood’s ARK Investment Management held one of the largest stakes, which was worth $850 million.