10 Unstoppable Growth Stocks To Buy

4. Vertiv Holdings Co (NYSE:VRT)

Year-to-date Share Price Return as of May 17: 112.12%

Number of Hedge Fund Holders: 75

Vertiv Holdings Co (NYSE:VRT) is involved in designing, manufacturing, and servicing critical digital infrastructure technologies and life cycle services. The stock is up by 112.12% year-to-date, as of May 17.

On May 15, BofA raised the price target on Vertiv Holdings Co (NYSE:VRT) to $115 from $100 and kept a Buy rating on the shares.

In the fourth quarter of 2023, 75 hedge funds had investments in Vertiv Holdings Co (NYSE:VRT), with positions worth $3.1 billion. As of December 31, 2023, Coatue Management is the largest shareholder in the company. The firm increased its stake in the company by 20% to 13.8 million shares worth $663.383 million.

Artisan Partners stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its first quarter 2024 investor letter:

“During the quarter, we initiated new GardenSM positions in DoorDash, GoDaddy and Vertiv Holdings Co (NYSE:VRT). Vertiv is an industrial power equipment company primarily serving the data center market with a global supply chain in cooling, power, controls and services. Rising AI-driven GPU use in data centers has spiked the need for efficient thermal management solutions, an area where Vertiv is particularly strong. Cooling, which consumes ~25% of data center energy, is a significant, recurring operational cost. We believe Vertiv is well positioned to benefit from a multiyear profit cycle in data center construction activity and a mix shift toward GPU-based data centers (which consume 2X–3X more power).”