5 E-commerce and Tech Stocks to Buy Now According to Christopher Lyle’s SCGE Management

2. Twilio Inc. (NYSE:TWLO)

Lyle’s Stake Value: $1,096,987,000
Percentage of Christopher Brown Lyle’s 13F Portfolio: 10.27%
Number of Hedge Fund Holders: 98

Twilio Inc. (NYSE: TWLO) is an American cloud communication platform with a market capitalization of $62.51 billion. Christopher Lyle’s SCGE management has a stake worth over $1.09 billion in the company which accounts for 10.27% of the hedge fund portfolio.

Lakehouse Capital shared some insights on the company in their Q2, 2021 investor letter. Here’s what the fund said:

“The Fund held 20 positions as of the end of June and exited four during the year (including) Twilio. The companies we exited were sold almost entirely on the basis of their valuations getting stretched well past their norms and to levels where the return profile no longer offered the asymmetric upside that led us to invest in the first place. We dislike selling on valuation as great growth companies are hard to find and letting winners run is an important facet of a winning growth strategy, however, we’re not gluttons for punishment either and in each of those cases we redeployed capital towards other high-quality growth companies with less demanding valuations.”