In this article, we take a look at Frank Fu’s CaaS Capital Portfolio’s top 5 stock picks. If you want to check out our detailed analysis of Frank Fu’s CaaS Capital, go directly to Frank Fu’s CaaS Capital Portfolio: Didi, Mastercard and More.
5. Comcast Corporation (NASDAQ:CMCSA)
CaaS Capital’s Stake Value: $39.1 million
Percentage of CaaS Capital’s 13F Portfolio: 0.66%
Number of Hedge Fund Holders: 84
Comcast Corporation (NASDAQ: CMCSA) is a telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. The corporation offers a wide range of services like internet, cable TV and telephone services primarily in the United States of America.
Deutsche Bank analyst Bryan Kraft decreased the price target on Comcast Corporation (NASDAQ: CMCSA) to $64 from $68, keeping a ‘Buy’ rating on the shares.
4. IHS Markit Ltd. (NYSE:INFO)
CaaS Capital’s Stake Value: $40.5 million
Percentage of CaaS Capital’s 13F Portfolio: 0.68%
Number of Hedge Fund Holders: 61
IHS Markit Ltd. (NYSE: INFO) is an information company headquartered in London, UK. CaaS Capital has a total of 360K shares in the company representing 0.68% of their portfolio. IHS Markit Ltd. (NYSE: INFO) filed a revenue of $1.18 billion in the second quarter of 2021. The company’s EPS was at $0.85 beating analyst estimates by 0.02.
On August 2, S&P Global Inc. (NYSE: SPGI) and IHS Markit Ltd. (NYSE: INFO) announced a deal to sell the latter’s Oil Price Information Services and PetroChem Wire businesses to News Corporation (NASDAQ: NWSA) in a deal worth roughly $1.15 billion.
3. Wilscot Mobil Mini Holdings Corp. (NASDAQ:WSC)
CaaS Capital’s Stake Value: $60.6 million
Percentage of CaaS Capital’s 13F Portfolio: 1.02%
Number of Hedge Fund Holders: 52
Wilscot Mobil Mini Holdings Corp. (NASDAQ: WSC) works as a holding company. Wilscot and Mobil Mini were separate companies that merged back in 2020. Together, they provide modular space and storage solutions to their clients.
CaaS Capital has over 2.1 million shares in the company after an increase of 92% in shares in the second quarter of 2021. The company filed a revenue of $461 million in the Q2 of 2021. On August 9, Baird analyst Andrew Wittmann increased the price target on WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) to $37 from $35 kept an ‘Outperform’ rating on the shares.
2. MongoDB, Inc. (NASDAQ:MDB)
CaaS Capital’s Stake Value: $65.5 million
Percentage of CaaS Capital’s 13F Portfolio: 1.1%
Number of Hedge Fund Holders: 44
MongoDB, Inc. (NASDAQ: MDB) is a software company based in New York.
CaaS Capital has over 180K shares in the company representing 1.1% of their portfolio. On September 17, Barclays analyst Raimo Lenschow increased the price target on MongoDB to $590 from $505 and kept an ‘Overweight’ rating on the shares.
1. Lufax Holding Ltd (NYSE:LU)
CaaS Capital’s Stake Value: $95.3 million
Percentage of CaaS Capital’s 13F Portfolio: 1.6%
Number of Hedge Fund Holders: 19
Lufax Holding Ltd (NYSE: LU) is a Chinese financial company that provides services like wealth management and retail credit facilitation. The company has 47 million customers. It was listed in the New York Stock Exchange in 2020. In the second quarter, the company filed a revenue of $2.29 billion with an EPS of $0.29, beating analyst estimates by $0.05.
On August 10, Morgan Stanley analyst Richard Xu switched LU to ‘Overweight’ rating with a price target of $13, down from $14.80, after the company filed better than expected profits in the second quarter of 2021 with “stable loan business and good cost control.” After the recent share-price pullback, he perceives the “de-rating” of the shares as “overdone” and sees good value at present levels, Xu notes to investors. CaaS Capital has over 8.4 million shares in the company representing 1.6% of their total investment portfolio.
You can also take a peek at the 5 New Stocks for 2021: Qing Li’s Sciencast Management Portfolio and Ark Invest Stock Portfolio: Top 10 Picks.
