In this article, we will discuss 5 stocks to invest in according to Stephen White’s SW Investment. If you want to read our detailed analysis of White’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Invest In According to Stephen White’s SW Investment.
5. Ubiquiti Inc. (NYSE: UI)
White’s Stake Value: $31,219,000
Percentage of Stephen White’s 13F Portfolio: 11.94%
Number of Hedge Fund Holders: 23
Ubiquiti Inc. (NYSE: UI) is a networking technology company that caters to service providers, businesses, and consumers. It was incorporated in 2003 and is placed fifth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Ubiquiti Inc. (NYSE: UI) currently has a $19.31 billion market capitalization and was able to deliver a 63.64% return in the past 12 months.
On May 7, Ubiquiti Inc. (NYSE: UI) released earnings for the third quarter of 2021. The earnings per share came in at $2.30, beating analysts’ expectations by $0.13. Furthermore, revenue for the period was $467.2 million, up 38.5% year over year and $60.07 million higher than expected. Ubiquiti Inc. (NYSE: UI) also declared a quarterly dividend of $0.40 per share, in line with the previous.
The hedge fund chaired by Stephen White holds 100,000 shares in Ubiquiti Inc. (NYSE: UI) worth over $31 million, representing 11.94% of their portfolio. In addition, the hedge fund has increased stake in the firm by 3% in the second quarter of 2021. Ubiquiti Inc. (NYSE: UI) is also getting the attention of the smart money, as 23 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter, up from 19 funds a quarter earlier.
4. The Joint Corp. (NASDAQ: JYNT)
White’s Stake Value: $33,568,000
Percentage of Stephen White’s 13F Portfolio: 12.84%
Number of Hedge Fund Holders: 22
The Joint Corp. (NASDAQ: JYNT) develops, owns, operates, supports, and manages chiropractic clinics. It was founded in 2010 and is placed fourth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. The Joint Corp. (NASDAQ: JYNT) shares have offered investors more than 370.74% in returns over the course of the past 12 months.
On August 9, DA Davidson analyst Linda Bolton Weiser raised the price target on The Joint Corp. (NASDAQ: JYNT) to $128 from $65 and maintained a “Buy” rating on the shares. On August 5, the company posted earnings for the second quarter of 2021. The company declared earnings per share of $0.18, beating the estimates by $0.12. In addition, the revenue over the period was $20.2 million, up 60.4% YoY, surpassing the expectations by $2.36 million.
SW Investment holds 400,000 shares in The Joint Corp. (NASDAQ: JYNT), worth over $33 million. This represents 12.84% of their portfolio. The latest data reveals that the hedge fund’s stake in The Joint Corp. (NASDAQ: JYNT) stock decreased by 55% in the second quarter. There were 22 hedge funds in our database that held stakes in The Joint Corp. (NASDAQ: JYNT) in the second quarter, compared to 21 funds in the quarter earlier.
1 Main Capital, in its fourth-quarter 2021 investor letter, mentioned The Joint Corp. (NASDAQ: JYNT). Here is what the fund said:
“The Joint (JYNT) is a rapidly growing franchisor (~90% of locations) and owner (~10% of locations) of nearly 600 chiropractic clinics across the U.S. that operate on a private-pay, cash-based model. The company was founded over 20 years ago, with the vision of improving the quality of life for its customers through routine chiropractic care that is convenient, affordable, and patient-centric.…” (Click here to see the full text)
3. Amazon.com, Inc. (NASDAQ: AMZN)
White’s Stake Value: $41,281,000
Percentage of Stephen White’s 13F Portfolio: 15.79%
Number of Hedge Fund Holders: 271
Amazon.com, Inc. (NASDAQ: AMZN) sells consumer goods and subscriptions online. The company was founded in 1994 and stands third on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Amazon.com, Inc. (NASDAQ: AMZN) currently has a market capitalization of $1.64 trillion.
The hedge fund chaired by Stephen White holds 12,000 shares in Amazon.com, Inc. (NASDAQ: AMZN), worth over $41 million. SW Investment’s stake in Amazon shares increased by 300% in the second quarter of 2021. Hedge funds are loading up on Amazon.com, Inc. (NASDAQ: AMZN), as Insider Monkey’s data shows that 271 hedge funds held stakes in the company in the second quarter of 2021, compared to 243 funds a quarter earlier.
Argosy Investors, in its second-quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN). Here is what the fund has to say about Amazon in its letter:
“So how are our largest holdings affected in a world of higher wage inflation? As a general rule, I will evaluate current and potential future holdings on their capital intensivity and their ability to raise prices. Amazon is now (a part of) our top 5 largest equity holdings. Amazon is a more complex story. Their AWS business is largely a similar story to Facebook. Their first-party retail business is very asset-and labor-intensive given their extensive warehousing footprint. I think Amazon would have more pricing power than any other player, and despite being one of the largest employers in the US, bricks-and-mortar retail is likely still more asset- and labor-intensive than Amazon’s ecommerce footprint. With all that said, overall Amazon’s first-party business would be adversely impacted by inflation, but the combination of Amazon’s AWS and advertising business should provide fairly robust inflation protection.”
2. Amkor Technology, Inc. (NASDAQ: AMKR)
White’s Stake Value: $47,340,000
Percentage of Stephen White’s 13F Portfolio: 18.1%
Number of Hedge Fund Holders: 19
Amkor Technology, Inc. (NASDAQ: AMKR) is a semiconductor packaging and testing outsourcing company. The company was founded in 1968 and ranks second on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Amkor Technology, Inc. (NASDAQ: AMKR) currently has a $6.02 billion market capitalization and was able to deliver an 84.26% return in the past 12 months.
On July 26, Amkor Technology, Inc. (NASDAQ: AMKR) reported earnings for the second quarter of 2021. It announced revenue of $1.41 billion, up 20.5% YoY. The company also declared a quarterly dividend of $0.04 per share, in line with the previous.
The hedge fund managed by Stephen White owns 2 million shares in Amkor Technology, Inc. (NASDAQ: AMKR), worth over $47 million, representing close to 18.1% of their portfolio, making it the biggest stakeholder of the company. Amkor Technology, Inc. (NASDAQ: AMKR) saw a decrease in hedge fund sentiment recently. The number of hedge fund positions declined to 19 in the second quarter compared to 20 positions in the previous quarter.
1. Cloudflare, Inc. (NYSE: NET)
White’s Stake Value: $58,212,000
Percentage of Stephen White’s 13F Portfolio: 22.26%
Number of Hedge Fund Holders: 43
Cloudflare, Inc. (NYSE: NET) is a cloud platform that provides a variety of network services to companies worldwide. The company was founded in 2009 and is placed first on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Cloudflare, Inc. (NYSE: NET) shares have returned 201.30% to investors over the course of the past 12 months.
On August 5, Cloudflare, Inc. (NYSE: NET) posted earnings for the second quarter of 2021. It reported earnings per share of -$0.02, beating market predictions by $0.02. In addition, the revenue for the second quarter was over $152.4 million, up 52.8% YoY, beating the analysts’ expectations by $6.3 million.
Stephen White’s SW Investment holds 550,000 shares in Cloudflare, Inc. (NYSE: NET), worth over $58 million, representing 22.26% of their portfolio. In the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $862.58 million in Cloudflare, Inc. (NYSE: NET), down from 45 the preceding quarter worth $792.47 million.
Alger, in its second-quarter 2021 investor letter, mentioned Cloudflare, Inc. (NYSE: NET). Here is what the fund said:
“Cloudflare provides a broad range of network services to businesses of all sizes across the world. Cloudflare’s intelligent global network spans more than 200 cities in over 100 countries. It offers network security, performance and reliability to a growing portion of global web traffic with over 17% of global internet requests going through Cloudflare. The company’s serverless network design allows this global network to be a key component layer as new developments for edge computing, 5G and the Internet of Things increase the importance of secure, reliable edge networks.…” (Click here to see the full text).
You can also take a peek at 10 Best Stocks to Buy According to Steven Baughman’s Divisar Capital and 8 Best Stocks to Buy According to Billionaire Nicholas J. Pritzker.
