2. Coupang Inc. (NYSE:CPNG)
Number of Hedge Fund Investors: 53
Duquesne Capital’s Q4 2023 Investment Value: $370.9 million
Coupang, Inc. (NYSE:CPNG) is a prominent e-commerce powerhouse headquartered in Seoul, South Korea. Renowned for its extensive range of services, the company provides same-day and next-morning delivery of groceries and general merchandise. Additionally, Coupang offers convenient delivery of prepared foods through Coupang Eats and engaging video streaming services via Coupang Play.
As of Q4 2023, data from Insider Monkey on 933 hedge funds revealed that 53 hedge funds held holdings in Coupang, Inc. (NYSE:CPNG), with a combined value of $3.69 billion. The largest shareholder was Lee Ainslie’s Maverick Capital, holding 73 million shares valued at $1.18 billion.
Baron Fifth Avenue Growth Fund stated the following regarding Coupang, Inc. (NYSE:CPNG) in its fourth quarter 2023 investor letter:
“We also took advantage of stock price volatility and slightly added to several existing positions: The Korean e-commerce platform, Coupang, Inc. (NYSE:CPNG), whose stock corrected during the quarter following a miss on EBITDA margins, which we don’t view as structural. The company continues to gain market share while holding significant competitive advantages thanks to its robust delivery network.”
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Investors: 302
Duquesne Capital’s Q4 2023 Investment Value: $408.4 million
Headquartered in Redmond, Washington, Microsoft Corporation (NASDAQ:MSFT) is a renowned technology powerhouse known for its extensive range of products and services. These offerings encompass operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games.
On March 6, investment advisory firm Jefferies reaffirmed a Buy rating on Microsoft Corporation (NASDAQ:MSFT) stock, setting a price target of $500.
According to Insider Monkey’s Q4 2023 database, 302 out of 933 hedge funds had acquired and held shares of Microsoft Corporation (NASDAQ:MSFT). The largest shareholder was Michael Larson’s Bill & Melinda Gates Foundation Trust, with holdings valued at $14.3 billion.
Should you invest $1,000 in Coupang right now?
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