5 Stocks to Buy According to Gavin Baker’s Atreides Management

1. Twitter, Inc. (NYSE:TWTR)

Baker’s Stake Value: $384.4 million

Percentage of Gavin Baker’s 13F Portfolio: 6.86%

Number of Hedge Fund Holders: 89

Twitter, Inc. (NYSE:TWTR) is a social networking and microblogging service founded in 2006, and it tops our list in best stocks to buy, according to Atreides Management. According to the hedge fund’s Q2 filings Atreides Management owns around 5.5 million shares of Twitter, Inc. (NYSE:TWTR) worth $384.4 million, comprising 6.86% of the hedge fund’s total portfolio.

Insider Monkey’s data shows that the 89 hedge funds held stakes in Twitter worth $6.03 billion at the end of the second quarter of 2021 as compared to 107 worth $4.53 billion in the first quarter.

ClearBridge Investments mentioned a few companies in its investor letter in the first quarter of 2021, and Twitter, Inc. (NYSE:TWTR) was one of them. Here is what the letter said:

“Media has been another bright spot for the Strategy, boosted by the return of live events and subsequent rebound in advertising as well as good initial traction for several of our companies new streaming services. Twitter was also a solid contributor on strong results and better-than-expected projections for future user and revenue growth.”

You can also take a peek at Best Chemical Stocks to Buy According to Jonathan Barrett and Paul Segal’s Luminus Management and 10 Stocks to Buy Now According to Michael Pausic’s Foxhaven Asset Management.

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