Naval Ravikant’s Latest Investment Portfolio: 5 Companies to Watch

1. Opendoor  

Opendoor owns and runs a digital real estate platform. The firm was founded in 2014. Ravikant was one of the earliest investors in the business, contributing to a funding round that raised nearly $10 million for the company in July 2014. Other investors in the startup included Khosla Ventures VC and tech bigwigs from giants such as PayPal, Facebook, and YouTube. The founder of the firm, Eric Wu, has said that the platform makes the process of real estate transactions easier and smoother. 

Opendoor debuted on the market in December 2020 after merging with SPAC Social Capital Hedosophia Holdings. The company had raised over $1.5 billion in funding before going public. Hedge funds have been loading up on the stock recently. At the end of the fourth quarter of 2021, 41 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in Opendoor Technologies Inc. (NASDAQ:OPEN), up from 35 the preceding quarter worth $1.7 billion.

In its Q4 2021 investor letter, Baron Fund, an asset management firm, highlighted a few stocks and Opendoor Technologies Inc. (NASDAQ:OPEN) was one of them. Here is what the fund said:

“The Fund invests in secular growth and innovative businesses across all market capitalizations, with the bulk of the portfolio landing in the large-cap zone. The Fund is categorized as US Large Growth by Morningstar. As of the end of the fourth quarter, the largest market cap holding in the Fund was $2.5 trillion and the smallest was $791 million. The median market cap of the Fund was $27.5 billion.

The Fund had $1.7 billion of assets under management. The Fund had investments in 63 securities. The Fund’s top 10 positions accounted for 45.4% of net assets. Fund inflows were positive for 2021.We sold Opendoor Technologies Inc. (NASDAQ:OPEN) because we identified issues relating to our long-term theses in the company, and we decided to exit the positions to fund other purchases.”

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