Campbell Wilson’s Old Well Partners Is Buying These 5 Stocks

2. Sea Limited (NYSE:SE)

Old Well Partners’ Stake Value: $20.62 million

Percentage of Old Well Partners’ 13F Portfolio: 10.64%

Number of Hedge Fund Holders: 117

With roughly 65,000 shares worth $20.62 million, Sea Limited (NYSE:SE) is the second-largest holding of Campbell Wilson’s Old Well Partners. The company offers online gaming services, along with e-commerce, and digital financial services. It is headquartered in Singapore. Investors were seen loading up on Sea Limited (NYSE:SE) stock at the close of the third quarter, with 117 hedge funds reporting bullish bets on the company shares. In comparison, 104 hedge funds were long Sea Limited (NYSE:SE) in the previous quarter.

On January 27, Goldman Sachs analyst Miang Chuen Koh reiterated a ‘Buy’ rating on Sea Limited (NYSE:SE) stock, removing it from the firm’s Conviction List, and lowering the price target to $300 from $460. The analyst sees the company’s fundamentals in the mid-to-long term as strong but holds that near-term visibility remains a challenge.

“Over the last year, we have sought to improve the up capture of the portfolio by expanding exposure to the select bucket of companies growing revenues and earnings at meaningfully above-average rates and targeting large total addressable markets. Newer names in the select bucket like Sea Limited have been strong contributors to relative performance over this period. We believe that owning a broader group of IT and Internet companies with different drivers to the businesses helps manage some of the risk in this relatively more expensive subsector.”