5 Best Large-Cap Stocks to Buy According to Columbus Hill Capital Management

3. Sea Limited (NYSE:SE)

Columbus Hill Capital Management’s Stake Value: $45,826,000
Percent of Columbus Hill Capital Management’s 13F Portfolio: 5.47%
Number of Hedge Fund Holders: 104

As of Q2, Columbus Hill owns 166,882 shares in Sea Limited (NYSE:SE), valued at $45.8 million. The company represents 5.4% of the hedge fund’s 13F portfolio. Sea Limited (NYSE:SE), one of the best large-cap stocks to buy according to Columbus Hill Capital Management, is a Singaporean global consumer internet company.

Of the 873 hedge funds tracked by Insider Monkey, 104 hedge funds reported owning stakes in Sea Limited (NYSE:SE) in Q2, up from 98 in the previous quarter. The total value of these stakes is over $12.2 billion, compared with $10.4 billion in Q1.

On November 2, Barclays initiated its coverage on Sea Limited (NYSE:SE) with an Overweight rating and a $427 price target, highlighting China’s economy and its efforts to strengthen its homegrown internet and tech companies. Since the beginning of the year Sea Limited (NYSE:SE) delivered an 74% return to shareholders, while the stock gained 92% in the past year.

Tao Value mentioned Sea Limited (NYSE:SE) in its Q2 2021 investor letter. Here is what the firm has to say:

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”