In this article, we discuss the 5 youngest hedge fund billionaires and their top stock picks. To read a detailed analysis of the hedge fund industry and its performance, go directly to the 11 Youngest Hedge Fund Billionaires and Their Top Stock Picks.
5. Lei Zhang
Age: 50
Net Worth as of December 5: $3 billion
Top Stock Pick: BeiGene, Ltd. (NASDAQ:BGNE)
The founder and CEO of Hillhouse Capital Management, Lei Zhang earned his bachelor’s degree from Renmin University of China on a scholarship. He went on to complete an MBA and MA from Yale University, which eventually gave him $20 million of seed capital to start his fund in 2005.
The firm’s 13F portfolio value is approximately $4.4 billion as of Q3 2023. In the quarter, representing 20.79% of the investment portfolio, BeiGene, Ltd. (NASDAQ:BGNE) was the fund’s top stock with nearly 5.177 million shares worth $931.170 million. Hillhouse Capital is a big name in the Chinese technology sector and the fund focuses on media, consumer, industrial, and commodity-related sectors.
4. Karthik Sarma
Age: 49
Net Worth as of December 5: $2.9 billion
Top Stock Pick: Avis Budget Group, Inc. (NASDAQ:CAR)
Karthik Sarma is from India and founded SRS Investment Management in 2006 and is the managing partner of the fund as well. After receiving his master’s degree from Princeton University, he was a consultant with McKinsey & Company for three years and went on to work at Tiger Global Management for five years as a managing director.
SRS Investment Management had 19 holdings in the third quarter. In the quarter, Avis Budget Group, Inc. (NASDAQ:CAR) covered over 45% of the fund’s portfolio with 17.43 million shares worth $3.132 billion, making it the top stock pick of the fund’s investment portfolio.
3. Jeffrey Talpins
Age: 48
Net Worth as of December 5: $3 billion
Top Stock Pick: UnitedHealth Group Incorporated (NYSE:UNH)
Jeffrey Talpins is the founder, CEO, and CIO of Element Capital Management. Originally Element Capital Group in 2005, Talpins spun off the fund into a separate firm a few years later and increased Element Capital’s assets under management from $250 million at the inception to approximately $16 billion.
Before launching his heavyweight modern macro-style fund, Talpins’ career started at Goldman Sachs, and he later became the head trader of Citigroup Inc. (NYSE:C). In the third quarter, UnitedHealth Group Incorporated (NYSE:UNH) was the biggest bet of Element Capital with 76,148 shares worth $38.393 million.
2. Chase Coleman III
Age: 47
Net Worth as of December 5: $5.7 billion
Top Stock Pick: Meta Platforms, Inc. (NASDAQ:META)
Chase Coleman III is the founder and hedge fund manager of Tiger Global Management. In 1997, Coleman started working with Julian Robertson at Tiger Management and received more than $25 million from Robertson, becoming one of the Tiger Cubs.
Meta Platforms, Inc. (NASDAQ:META) and Microsoft Corporation (NASDAQ:MSFT)’s LinkedIn Corporation were among Tiger Global Management’s notable early investments. Meta Platforms, Inc. (NASDAQ:META) was the top stock pick of the fund followed by Microsoft Corporation (NASDAQ:MSFT) in the third quarter, representing 19.69% and 14.27% of the portfolio, respectively. Coleman’s hedge fund 13F portfolio was valued at $13.56 billion in Q3.
1. Daniel Sundheim
Age: 46
Net Worth as of December 5: $2.9 billion
Top Stock Pick: Maplebear Inc. (NASDAQ:CART)
Daniel Sundheim founded D1 Capital Partners in 2018 with $5 billion in seed money. He is the chief investment officer of the fund, which manages nearly $27.55 billion in assets. Sundheim is a Tiger Grand Cub and a Wharton School (University of Pennsylvania) graduate. Before establishing his hedge fund, he worked at Viking Global Investors for 15 years under Andreas Halvorsen.
D1 Capital Partners made a name for itself in 2020 when it gained 54% compared to the S&P 500’s 14% and NASDAQ’s 43% gain. In the third quarter of 2023, the fund’s 13F portfolio was valued at nearly $6.943 billion, and a significant part of the fund’s investments were in the technology sector. D1 Capital Partners initiated its position in Maplebear Inc. (NASDAQ:CART), which was also its top stock pick in the quarter with 28.9 million shares worth $858.245 million.
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