Billionaire Jorge Paulo Lemann’s Top 5 Stock Picks

2. Sea Limited (NYSE: SE)

Billionaire Jorge Paulo Lemann looks bullish over the future fundamentals of Sea Limited (NYSE: SE). His investment firm had raised a stake in Sea Limited during the fourth quarter by 7% to 17.55% of the overall portfolio. The firm first initiated a position in SE at the beginning of 2020. It appears that Jorge Paulo Lemann’s stock-picking strategy worked in the case of Sea Limited. This is because shares of the information technology company rallied 465% in the last twelve months.

Tao Value, which posted a return of 26.43% for the fourth quarter, highlighted a few stocks including Sea Limited in their investor letter. Here is what Tao Value stated:

“Sea Ltd. (ticker: SE) had a beat & raise quarter across segments. E-commerce saw GMV acceleration and better monetization. Gaming saw higher than expected active users’ growth. Last but least, the digital finance services arm (SeaMoney) saw strong adoption. In October, more than 30% of Shopee’s total gross order across markets combined were paid using the mobile wallets. I believe the SeaMoney will be a very important value driver in mid-term future.”