5 Best Penny Stocks to Buy According to Billionaire Ken Griffin

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1. Grab Holdings Limited (NASDAQ:GRAB)

Number of Hedge Fund Holders: 37
Upside Potential: 42%

According to billionaire Ken Griffin, Grab Holdings Limited (NASDAQ:GRAB) is one of the best penny stocks to buy. It operates as a software application company that offers super apps in Cambodia, Indonesia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Grab Holdings Limited (NASDAQ:GRAB) also provides a single platform for super apps that allows easy access to mobility, delivery of digital financial services, and enterprise sector offerings.

By the end of December 2023, 37 out of the 933 hedge funds tracked by Insider Monkey had invested in the company. Grab Holdings Limited (NASDAQ:GRAB)’s largest shareholder in Q4 2023 was Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, courtesy of its $172.89 million investment.

Here is what Artisan Developing World Fund said about Grab Holdings Limited (NASDAQ:GRAB) in an investor letter:

“Bottom contributors to performance for the quarter included Southeast Asian technology platform Grab Holdings Limited (NASDAQ:GRAB). Grab fell due to concerns about a slowdown in its food delivery business despite continued growth and recovery in ride hailing and perhaps due to the technical selling pressure from prominent pre-IPO shareholders.”

Follow Grab Holdings Ltd (NASDAQ:GRAB)

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