5 Best Delivery Stocks to Buy According to Hedge Funds

4. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 68

Shopify Inc. (NYSE:SHOP) is an e-commerce giant. It enables businesses to set up online stores and sell their products. Although not a pure-play delivery company, Shopify Inc. (NYSE:SHOP) integrates with various delivery services to provide seamless logistics support to its merchants. The Shopify Fulfillment Network offers smart inventory allocation across warehouses and streamlined fulfillment processes to ensure timely deliveries.

Hedge fund holdings in Shopify Inc. (NYSE:SHOP) slightly decreased from 69 to 68 in Q4 2023. Despite this, the total value of these holdings surged significantly from around $2.7 billion to $5.9 billion.