Paul Singer’s Latest Portfolio: Top 10 Stock Picks

4. Pinterest, Inc. (NYSE:PINS)

Elliott Management’s Equity Stake: $812 Million

Number of Hedge Funds Holding Stakes: 72

Pinterest, Inc. (NYSE:PINS) is Paul Singer’s top stock pick in the communication service sector. The company operates as a visual search and discovery platform offering ways for people to find ideas such as recipes, home and style inspiration, and others. It also offers various advertising products to help advertisers meet users. While the stock was down by 3% in 2024, it has started 2025 on a roll, going by an 8% gain year to date.

The rally year to date comes from Pinterest, Inc. (NYSE:PINS) delivering the fourth quarter of 2024 sales figures that beat estimates and showed robust user growth. Revenues in the quarter totaled $1.15 billion ahead of the $1.14 billion analyst estimate. The company also stated that it expects its first-quarter sales figures to average between $837 million and $852 million against analysts’ estimates of $833 million. The number of global monthly users of its solution is also improving, with an 11% growth to 553 million in the fourth quarter.

Average revenue per user (ARPU) is one of the most crucial metrics to consider for Pinterest, Inc. (NYSE:PINS) because the firm has consistently lagged behind rivals in terms of user monetization. ARPU increased by 6% overall to $2.12. According to Pinterest, its Performance+ platform has produced encouraging initial results, with marketers reporting a 20% increase in cost per acquisition. Likewise, the platform is expected to be a key growth driver in 2025 as Pinterest leverages artificial intelligence tools optimized for ad loads and improves ad relevancy.