Top 3 Stock Picks of Michael Sidhom’s Immersion Capital

In this article, we discuss the top 3 stock picks of Michael Sidhom’s Immersion Capital. If you want our detailed analysis of Michael Sidhom’s history, investment philosophy, and hedge fund performance, go directly to the Top 8 Stock Picks of Michael Sidhom’s Immersion Capital.

3. salesforce.com, inc. (NYSE:CRM)

Immersion Capital’s Stake Value: $134,456,000

Percentage of Immersion Capital’s 13F Portfolio: 12.95%

Number of Hedge Fund Holders: 108

Sidhom’s Immersion Capital owns stakes worth $134.45 million in salesforce.com, inc. (NYSE:CRM), representing 12.95% of Sidhom’s Q2 portfolio. 

Out of the 873 hedge funds monitored closely by Insider Monkey, 108 funds were bullish on salesforce.com, inc. (NYSE:CRM), with stakes valued at $11.76 billion at the end of June. This is compared to 91 hedge funds in the previous quarter, with stakes worth $8.83 billion. 

Here is what Polen Capital has to say about salesforce.com, inc. (NYSE:CRM) in its Q3 2021 investor letter:

“Salesforce came under pressure earlier in the year after agreeing to purchase Slack for about $26 billion. Since then, management has articulated well the strategic rationale and integration of Slack into its other software offerings and has demonstrated continued double-digit organic revenue growth within its legacy product offerings. At its recent investor day, the company also outlined long-term growth plans in line with our estimates but probably above what others may have been expecting, especially on margin expansion.”