In this article, we discuss the 5 stocks Carl Anderson’s Marcho Partners is investing in. If you want to see our detailed analysis of Anderson’s history, investment philosophy, and hedge fund performance, go directly to Carl Anderson’s Marcho Partners Is Investing In These 10 Stocks.
5. Wix.com Ltd. (NASDAQ:WIX)
Marcho Partners’ Stake Value: $152.8 million
Percentage of Marcho Partners’ 13F Portfolio: 10.23%
Number of Hedge Fund Holders: 35
Wix.com Ltd. (NASDAQ:WIX) is an Israeli web development and software company that provides cloud-based web development tools and services.
On October 27, Berenberg analyst Sunil Rajgopal initiated coverage of Wix.com Ltd. (NASDAQ:WIX) with a Buy rating and $251 price target on the shares of the company.
As of the end of the second quarter, 35 hedge funds tracked by Insider Monkey reported owning stakes in Wix.com Ltd. (NASDAQ:WIX). The total worth of these stakes is $1.38 billion. This is compared to 40 funds that had stakes in the company in the previous quarter, with a total worth of $1.46 billion. Carl Anderson reported owning 526,410 shares in the company. These shares are valued at $152.8 million and account for 10.23% of the fund’s portfolio value.
4. Elastic N.V. (NYSE:ESTC)
Marcho Partners’ Stake Value: $175.9 million
Percentage of Marcho Partners’ 13F Portfolio: 11.78%
Number of Hedge Fund Holders: 55
Founded in Netherlands and headquartered in California, Elastic N.V. (NYSE:ESTC) is a search company that specializes in self-managed and SaaS services for search, logging, security, observability, and analytics. The company ranks fourth on our list of the 10 stocks Carl Anderson’s Marcho Partners is investing in.
On September 17, Barclays analyst Raimo Lenschow raised the price target on Elastic N.V. (NYSE:ESTC) to $200 from $185, and kept an Overweight rating on the shares of the company.
As of Q2 2021, Marcho Partners holds over 1.2 million shares in Elastic N.V. (NYSE:ESTC), worth more than $175.9 million in its investment portfolio. Of the 873 hedge funds being tracked by Insider Monkey, 55 held stakes in the company by the end of June.
In its second-quarter 2021 investor letter, Greenhaven Road Capital mentioned Elastic N.V. (NYSE:ESTC). Here is what the fund said:
“Our top five holdings represent more than half of our total long exposure and therefore five greatly influence overall returns. Elastic Software (ESTC) – Management continues to innovate and execute, rolling out new products and converting existing users from free to paid versions. They made adjustments to their licensing agreements, making it more difficult for Amazon to rip them off, and provided forward guidance that convinced investors that the growth train will continue to run for at least a few more years.”
3. AppLovin Corporation (NASDAQ:APP)
Marcho Partners’ Stake Value: $178.8 million
Percentage of Marcho Partners’ 13F Portfolio: 11.97%
Number of Hedge Fund Holders: 16
AppLovin Corporation (NASDAQ:APP) is a mobile technology company based in California that provides marketing and advertisement platforms for developers to publish and monetize their apps.
On October 19, Citi analyst Jason Bazinet raised his price target on AppLovin Corporation (NASDAQ:APP) to $112 from $81, and kept a Buy rating on the company’s shares.
During the second quarter 0f 2021, 16 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in AppLovin Corporation (NASDAQ:APP) worth $987 million. Carl Anderson’s Marcho Partners reported owing over 2.3 million shares in the company, amounting to more than $178.8 million in worth and representing 11.97% of the fund’s portfolio value.
2. Shopify Inc. (NYSE:SHOP)
Marcho Partners’ Stake Value: $187.3 million
Percentage of Marcho Partners’ 13F Portfolio: 12.55%
Number of Hedge Fund Holders:
By the end of the second quarter of 2021, 85 hedge funds out of the 873 tracked by Insider Monkey held stakes in Shopify Inc. (NYSE:SHOP) worth roughly $13.97 billion. This is compared to 91 hedge funds in the previous quarter with a total stake value of approximately $9.98 billion.
Carl Anderson of Marcho Partners currently holds 128,269 shares in Shopify Inc. (NYSE:SHOP), valued at $187.3 million and accounting for 12.55% of his hedge fund’s total portfolio value.
On October 14, TD Securities analyst Daniel Chan initiated coverage of Shopify, Inc. (NYSE:SHOP) with a Hold rating and $1,500 price target.
In the Q2 2021 investor letter of ClearBridge Investments, the fund mentioned Shopify Inc. (NYSE:SHOP). Here is what the fund said:
“Shopify (is one of the) companies that have become go-to platforms for small and medium size businesses (SMBs) engaged in e-commerce and social media marketing, rebounded strongly in the quarter after being caught in the selloff among high-multiple growth names since Vaccine Monday. These and the portfolio’s other disruptors had thrived through the first part of the pandemic, leading us to trim positions into strength and reallocate cash into more attractively priced evolving opportunities and steady compounders that had been overly punished by lockdowns and a drop in economic activity.”
1. Mercadolibre, Inc. (NASDAQ:MELI)
Marcho Partners’ Stake Value: $200.4 million
Percentage of Marcho Partners’ 13F Portfolio: 13.42%
Number of Hedge Fund Holders: 74
MercadoLibre, Inc. (NASDAQ:MELI), based in Buenos Aires, Argentina, is a company that operates online marketplaces dedicated to e-commerce, as well as online auctions.
Marcho Partners currently owns 128,681 shares of MercadoLibre, Inc.(NASDAQ:MELI), amounting to more than $200.4 million in worth and accounting for 13.42% of the fund’s portfolio. At the end of the first half of 2021, 74 hedge funds in the database of Insider Monkey held stakes worth $4.02 billion in MercadoLibre, Inc. (NASDAQ:MELI), down from 69 in the previous quarter worth $5.2 billion.
On October 25, Scotiabank analyst Rodrigo Echagaray upgraded MercadoLibre, Inc. (NASDAQ:MELI) to Outperform from Sector Perform, with a $2,100 price target.
In the Q2 2021 investor letter of Polen Capital, the fund mentioned MercadoLibre, Inc. (NASDAQ:MELI). Here is what the fund had to say:
“Argentina-based MercadoLibre operates Latin America’s leading ecommerce website and digital wallet. Both e-commerce and consumer finance are underpenetrated among the nearly 400 million citizens living in the company’s three largest markets: Brazil, Argentina, and Mexico.
MercadoLibre’s digitally native solution gives more than 70 million users an easy access point for both online shopping and a digital wallet.
From humble beginnings as a third-party marketplace, MercadoLibre’s management built the business over the last twenty years by steadily expanding the platform’s reach with new services to suit both merchants and consumers. Today’s offerings include financing capabilities for buyers and sellers, logistics, loyalty programs, classifieds listings, and grocery items. We think MercadoLibre can compound earnings at a 25% rate for the next five years.”
You can also take a look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 New Penny Stocks Redditors are Buying.
