5 Stocks to Invest In According to Joshua Kushner’s Thrive Capital

1. Robinhood Markets, Inc. (NASDAQ:HOOD)

Thrive Capital Stake Value: $362,499,000
Percentage of Thrive Capital’s 13F Portfolio: 34.08%
Number of Hedge Fund Holders: 24

Robinhood Markets, Inc. (NASDAQ:HOOD) is a company that provides financial services. The company pioneered commission-free stock trading and fractional share trading with no account minimums. Overall, hedge funds are loading up on Robinhood Markets, Inc. (NASDAQy:HOOD), as 24 out of the 924 funds tracked by Insider Monkey held stakes in the company, up from 20 funds a quarter earlier.

Out of the hedge funds being tracked by Insider Monkey, ARK Investment Management is a leading shareholder of Robinhood Markets, Inc. (NASDAQ:HOOD), with 23.85 million shares worth more than $423.54 million. Another major stakeholder of Robinhood Markets, Inc. (NASDAQ:HOOD) is Joshua Kushner’s Thrive Capital, which has a $362.50 million stake in the company.

In its fourth quarter 2021 investor letter, Claret Asset Management mentioned Robinhood Markets, Inc. (NASDAQ:HOOD). Here is what the fund said:

“Robinhood went public at $38 a share at the end of July of this year. After a one-day decline of 8%, it proceeded to rise to a peak of $85 in a matter of 4 days before settling down around $40 in September. Then, we found out that the company does not appear to understand the margin rules that apply to their client’s trades… and got fined by the Securities Exchange Commission. As of today, it is trading below $20, at 57 times earnings, approximately half of its IPO price. Caveat emptor… Buyer beware.”

You can also take a peek at Top 10 Stock Picks of Kenneth A. Moffet’s Hourglass Capital and 10 Stocks to Buy Now According to Hari Hariharan’s NWI Management

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