5 Stocks to Buy According to Centiva Capital

2. Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF)

Centiva Capital’s Stake Value: $16,734,000
Percentage of Centiva Capital’s 13F Portfolio: 0.32%
Number of Hedge Fund Holders: 33

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) is a California-based special purpose acquisition company. It ranks second on our list of 10 stocks to buy according to Centiva Capital. The firm focuses on initial public offerings in the technology industry. It went public in October 2020, raising more than $1.1 billion in the process. Chamath Palihapitiya is Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF)’s CEO.

33 hedge funds reported having bullish bets on Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) as of the end of the first quarter, with combined stakes worth $366 million. With about 4.24 million shares valued at $42.9 million, Fort Baker Capital Management is the biggest shareholder of Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF).

According to its 13F filing for the first quarter of 2022, Centiva Capital held over 1.66 million shares of Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF), amounting to more than $16.7 million and representing 0.32% of the fund’s 13F portfolio value. In addition, the hedge fund boosted its stake in the firm by 40% during Q1.