Top 3 Stock Picks of Dennis Hong’s ShawSpring Partners

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1. IAC Inc. (NASDAQ:IAC)

ShawSpring Partners’ Stake Value: $233,124,000

Percentage of ShawSpring Partners’ 13F Portfolio: 41.27%

Number of Hedge Fund Holders: 39

IAC Inc. (NASDAQ:IAC) is a technology conglomerate comprising of multiple category leading businesses. IAC Inc. (NASDAQ:IAC) has a history of building and growing businesses organically as well as through mergers and acquisitions and spinning them off as standalone public companies. Notable public companies created by IAC Inc. (NASDAQ:IAC) include Expedia Group, Inc (NASDAQ:EXPE), TripAdvisor Inc (NASDAQ:TRIP), and Match Group Inc (NASDAQ:MTCH), among others.

ShawSpring Partners holds 3,068,629 shares of IAC Inc. (NASDAQ:IAC), accounting for 41.27% of the hedge fund’s 13F portfolio.

As of Q2 2022, out of the 895 hedge funds tracked by Insider Monkey, 39 held a stake in IAC Inc. (NASDAQ:IAC), with the total shares held by these hedge funds valued at $1.5 billion. ShawSpring Partners is the largest hedge fund shareholder.

You can also read Jim Cramer is Talking About These 10 Stocks in September and 10 Best Data Center Stocks To Invest In.

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