5 Stocks to Buy Now According to Munir Javeri’s 3G Sahana Capital Management

3. Booking Holdings Inc. (NASDAQ:BKNG)

3G Sahana Capital Management Stake Value: $145,830,000
Percentage of 3G Sahana Capital Management’s 13F Portfolio: 16.39%
Number of Hedge Fund Holders: 92

Booking Holdings Inc. (NASDAQ:BKNG) is a supplier of online travel and related services with six major brands: Booking.com, Priceline, agoda, Rentalcars.com, KAYAK, and OpenTable. It serves customers and local partners in over 220 countries and territories. 3G Sahana Capital Management first bought a stake in Booking Holdings Inc. (NASDAQ:BKNG) in the third quarter of 2012. In Q4 2021, the hedge fund increased its position in Booking Holdings Inc. (NASDAQ:BKNG) by 91% to 60,782 shares, accounting for 16.39% of the overall portfolio.

According to the fourth quarter database of Insider Monkey, 92 hedge funds were long Booking Holdings Inc. (NASDAQ:BKNG), down from 96 funds holding stakes in the company in the quarter earlier. Natixis Global Asset Management’s Harris Associates is one of the prominent stakeholders of Booking Holdings Inc. (NASDAQ:BKNG) in the fourth quarter if 2021, with 668,851 shares worth over $1.60 billion.

In its Q4 2021 investor letter, Wedgewood Partners, an investment management firm, talked about Booking Holdings Inc. (NASDAQ:BKNG). Here’s what the fund said:

“Booking Holdings also contributed to performance, though less so compared to most portfolio holdings. The Company reported substantial room-night growth compared to the year ago period, which was heavily affected by COVID. Intra-quarter, Booking Holdings consolidated room-nights approached almost 90% of pre-COVID levels because both domestic and international travelers have had to endure a few years of pent-up travel aspirations and are being eased back into the market with various governments relaxing some of their most stringent, COVID-related travel restrictions. Although infection rates related to new COVID variants (particularly Omicron) have risen subsequent to last quarter, we think populations around the world are coming to grips with the risk of infection and will inevitably return to spending on travel. Booking Holdings represents a key source of demand for the small and medium sized hospitality industry and has the second largest global booking volume for alternative accommodations. The latter observation is significantly misunderstood by investors and represents substantial upside to the stock, regardless of the timing of the recovery of traditional hospitality spending; hence, we added to our position in Booking Holdings.”