In this article, we discuss the 5 best stocks to buy according to billionaire Zhang Lei. If you want to read our detailed analysis of Zhang Lei’s history, and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Zhang Lei.
5. Enstar Group Limited (NASDAQ: ESGR)
Number of Hedge Fund Holders: 11
Enstar Group Limited deals with the acquisition and management of companies that sell insurance as well as consultation services. Moreover, the company manages portfolios of businesses that provide insurance and reinsurance of property and casualty damages.
Zhang Lei’s Hillhouse Capital Management, Ltd. owns 1,747,840 shares of Enstar Group Limited which have a combined value of $431,245,000.
4. Zoom Video Communications, Inc. (NASDAQ: ZM)
Number of Hedge Fund Holders: 54
Zoom Video Communications, Inc., headquartered in San Jose, California, is an American company that deals with communications technology. Specifically, the company offers a video communication platform in all five continents.
Zhang Lei’s firm Hillhouse Capital Management, Ltd. owns 6.27% of the company as it holds 1,975,966 shares which are valued at a total of $634,858,000.
Artisan Partners, in its Q1 2021 investor letter, mentioned Zoom Video Communications, Inc. (NASDAQ: ZM). Here is what the fund said:
“We concluded our campaigns in Zoom Video Communications. We have been paring our position in Zoom for several quarters, anticipating the reduced need for video conferencing as vaccination rates climb and people return to their workplaces. That said, we believe there is a strong case to be made that the pandemic has prompted a permanent inflection in videoconferencing’s importance—sustainably higher remote work arrangements, more online learning and less business travel. Furthermore, the company’s dramatically expanded user base (up 485% YoY in Q3) positions it well to cross sell additional services, Zoom Phone in particular. The long-term future remains bright, but we decided to end our successful investment campaign in favor of opportunities in our pipeline with more attractive near-term growth prospects.”
3. iQIYI, Inc. (NASDAQ: IQ)
Number of Hedge Fund Holders: 40
iQIYI, Inc. is 3rd in the list of 10 best stocks to buy according to billionaire Zhang Lei. The company provides online entertainment services to its customers within China. The services it offers includes videos, live broadcasting, e-commerce, social media, and online games. Moreover, customers are offered membership and advertising services.
Zhang Lei’s firm Hillhouse Capital Management, Ltd. owns 6.34% of the company as it holds 38,648,477 shares which are valued at a total of $642,338,000.
2. Pinduoduo Inc. (NASDAQ: PDD)
Number of Hedge Fund Holders: 56
Pinduoduo Inc. provides the Chinese public with an e-commerce mobile platform that offers a wide range of goods. The products on Pinduoduo Inc.’s platform include everything from apparel, accessories, and electronic appliances to fresh fruits and vegetables. Pinduoduo Inc. was renamed in 2018 from Walnut Street Group Holding Limited, and has its headquarters in Shanghai, China.
Zhang Lei’s firm Hillhouse Capital Management, Ltd. owns 13.52% of Pinduoduo Inc. as it holds 10,222,922 shares which are valued at a total of $1,368,645,000.
Tao Value, in its Q1 2021 investor letter, mentioned Pinduoduo Inc. (NASDAQ: PDD). Here is what Tao Value has to say about Pinduoduo Inc. in its letter:
“Pinduoduo reported a strong quarter, reporting MAU of 720 million, now surpassing Taobao. However, it was overshadowed by a bigger news on Colin Huang resigning from Board and completely disassociating himself from PDD’s management & operation. Huang explained in his letter to shareholders that he would start fundamental research initiatives in food science. Although not entirely shocked (as he already stepped down from CEO July 2020), I am surprised by the fast pace of such transition. I remain confident in the organization and the culture Huang built but will monitor it closely.”
1. BeiGene, Ltd. (NASDAQ: BGNE)
Number of Hedge Fund Holders: 19
BeiGene, Ltd., a Chinese biotechnology company, is 1st on the list of 10 best stocks to buy according to billionaire Zhang Lei. The company develops, manufactures, and markets medicines especially for cancer patients. The company is headquartered in China but operates in both its home country and the United States.
Zhang Lei’s fund holds 5,472,259 shares which are valued at a total of $1,904,784,000.
You can also take a peek at 10 Best SaaS Stocks to Buy and Hold for Long-Term Profits and 10 Best Growth Stocks to Buy and Hold for Several Years.
