Light Street Capital Portfolio: Top 5 Stocks

1. Sea Limited (NYSE:SE)

Light Street Capital’s Stake Value: $147.38 million
Percentage of Light Street Capital’s 13F Portfolio: 6.39%
Number of Hedge Fund Holders: 104

The largest position in Light Street Capital’s 13F portfolio is represented by Sea Limited (NYSE:SE) is a Singapore-based consumer technology company that operates in the digital entertainment, e-commerce, and financial services industries. The company’s share price surged by 78% so far this year on account of its expansion into the gaming market. As of the end of June, Light Street holds 536,707 shares of Sea Limited (NYSE:SE) worth $147.38 million. During the second quarter, the fund added 30,907 shares to the position.

At the beginning of November, Barclays analyst Jiong Shao initiated coverage of Sea Limited (NYSE:SE) with an Overweight rating and $427 price target.

Overall. there were 104 funds in our database that held stakes worth $12.2 billion in Sea Limited (NYSE:SE), up from 98 funds and $10.4 billion, respectively, a quarter earlier. 

In its second-quarter investor letter, Tao Value mentioned Sea Limited (NYSE:SE):

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets

 like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”

You can also take a peek at the 10 Penny Stocks Redditors are Buying in August and 10 Best Small-Cap Stocks to Buy According to Hedge Funds.

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