Billionaire Daniel Sundheim’s Portfolio: 5 New Stock Picks

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

D1 Capital Partners’ Stake Value: $776,614,000

Percentage of D1 Capital Partners’ 13F Portfolio: 4.34%

Number of Hedge Fund Holders: 20

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the latest additions to Daniel Sundheim’s third quarter portfolio, with the billionaire buying 18.45 million shares of the company, worth $776.6 million, representing 4.34% of his total 13F investments. Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services company that operates as a stockbroker and runs an electronic trading platform, assisting users with stock trading, ETFs, and cryptocurrencies. 

Deutsche Bank analyst Brian Bedell on December 17 lowered the price target on Robinhood Markets, Inc. (NASDAQ:HOOD) to $17 from $32 and kept a Hold rating on the shares. The analyst heads into 2022 “even more constructive than at the start of 2021” on the brokers, asset managers, and exchanges sector. 

Neil Mehta’s Greenoaks Capital is the biggest Robinhood Markets, Inc. (NASDAQ:HOOD) stakeholder as of September 2021, with 22.65 million shares worth $776.6 million. Overall, 20 hedge funds were bullish on Robinhood Markets, Inc. (NASDAQ:HOOD) in the third quarter, with total stakes amounting to $4.6 billion.

You can also take a look at 10 Best Biotech Stocks to Buy According to Mark Lampert and Gabriel Plotkins’ Melvin Capital Portfolio: Top 10 Picks.

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