In this article, we discuss Chamath Palihapitiya and the 5 stocks he pumped in the last 10 years. If you want to read about some more Chamath Palihapitiya stocks, go directly to Chamath Palihapitiya Stocks: 12 Stocks Pumped in the Last 10 Years.
5. GameStop Corp. (NYSE:GME)
Number of Hedge Fund Holders: 9
GameStop Corp. (NYSE:GME) is a specialty retailer that provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. Chamath Palihapitiya helped pump the stock in early 2021 at the beginning of the meme stock craze.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in GameStop Corp. (NYSE:GME) with 1.3 million shares worth more than $22 million.
4. Clover Health Investments, Corp. (NASDAQ:CLOV)
Number of Hedge Fund Holders: 9
Clover Health Investments, Corp. (NASDAQ: CLOV) operates as a medicare advantage insurer in the United States. Chamath Palihapitiya took the firm public in October 2020 in a deal worth over $3.7 billion.
At the end of the third quarter of 2023, 9 hedge funds in the database of Insider Monkey held stakes worth $10.6 million in Clover Health Investments, Corp. (CLOV), compared to 11 in the preceding quarter worth $10.9 million.
3. Opendoor Technologies Inc. (NASDAQ:OPEN)
Number of Hedge Fund Holders: 20
Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for residential real estate in the United States. In late 2020, an SPAC led by Chamath Palihapitiya announced that it would acquire Opendoor in an IPO deal valued at $4.8 billion.
At the end of the third quarter of 2023, 20 hedge funds in the database of Insider Monkey held stakes worth $138 million in Opendoor Technologies Inc. (NASDAQ:OPEN), compared to 25 in the preceding quarter worth $333 million.
2. SoFi Technologies, Inc. (NASDAQ:SOFI)
Number of Hedge Fund Holders: 24
SoFi Technologies, Inc. (NASDAQ:SOFI) provides digital financial services. Chamath Palihapitiya took the company public in early 2021. The firm was valued at more than $8 billion at the IPO.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Silver Lake Partners is a leading shareholder in SoFi Technologies, Inc. (NASDAQ:SOFI) with 31 million shares worth more than $248 million.
1. MP Materials Corp. (NYSE:MP)
Number of Hedge Fund Holders: 26
MP Materials Corp. (NYSE:MP) owns and operates rare earth mining and processing facilities. In November 2020, Chamath Palihapitiya led a $200 million funding round for the firm through the Private Investment in Public Equity (PIPE) regulations.
At the end of the third quarter of 2023, 26 hedge funds in the database of Insider Monkey held stakes worth $200 million in MP Materials Corp. (NYSE:MP), compared to 27 in the previous quarter worth $264 million.
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