In this article, we discuss the top 5 stock picks of Imran Khan’s Proem Advisors. If you want our detailed analysis of Imran Khan’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Imran Khan’s Proem Advisors.
5. Workday, Inc. (NASDAQ:WDAY)
Proem Advisors’ Stake Value: $8,356,000
Percentage of Proem Advisors’ 13F Portfolio: 6.55%
Number of Hedge Fund Holders: 72
Workday, Inc. (NASDAQ:WDAY) is a cloud-based software vendor, engaged in financial management and human capital management.
Proem Advisors owns 35,000 shares in Workday, Inc. (NASDAQ:WDAY), worth $8.35 million, representing 6.55% of Khan’s 13F portfolio.
Here is what ClearBridge Investments has to say about Workday, Inc. (NASDAQ:WDAY) in its Q1 2021 investor letter:
“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”
4. Booking Holdings Inc. (NASDAQ:BKNG)
Proem Advisors’ Stake Value: $10,503,000
Percentage of Proem Advisors’ 13F Portfolio: 8.24%
Number of Hedge Fund Holders: 100
A travel technology company from Delaware, Booking Holdings Inc. (NASDAQ:BKNG) owns and manages several travel metasearch engines and travel fare aggregators, such as Booking.com, Priceline.com, Kayak.com, Cheapflights, and Rentalcars.com, among others.
Proem Advisors’ owns 4,800 shares in Booking Holdings Inc. (NASDAQ:BKNG), worth $10.5 million, making up 8.24% of Khan’s Q2 portfolio.
Here is what Ensemble Capital has to say about Booking Holdings Inc. (NASDAQ:BKNG) in its Q3 2021 investor letter:
“Booking: On the March 20, 2020 conference call we referenced at the beginning of this letter, we discussed our assessment of online travel agent Booking Holdings during the initial phase of the pandemic. At that time, we explained why we continued to hold a position in the company. We highlighted that while we fully expected demand to collapse and be slow to recover, our analysis indicated that they were very well positioned to survive the pandemic even if it lasted much longer than expected. And we said that companies that survived the pandemic would be well positioned to thrive on the other side
The key for us to holding the stock was our belief that traveling is hardwired into human DNA. While we could not know how long the pandemic would last, we were certain that when it was once again safe to travel, business would boom once again.
Today, more than 18 months later, travel has come roaring back despite the pandemic still not having come to an end. There continues to be significant barriers to travel, such as severe restrictions on international travel and the general health concerns of travelers. But in areas where people are allowed to travel, such as domestically within the United States, leisure travel has boomed…” (Click here to see the full text)
3. The Walt Disney Company (NYSE:DIS)
Proem Advisors’ Stake Value: $10,546,000
Percentage of Proem Advisors’ 13F Portfolio: 8.27%
Number of Hedge Fund Holders: 112
The Walt Disney Company (NYSE:DIS) is an American multinational entertainment and media conglomerate, founded by Walt Disney in 1923. Some of its popular divisions are The Walt Disney Pictures, Walt Disney Animation Studios, Pixar, Marvel Studios, and Disney World, among others. The Walt Disney Company (NYSE:DIS) is one of Imran Khan’s top stock picks.
Proem Advisors’ owns 60,000 shares in The Walt Disney Company (NYSE:DIS), valued at $10.54 million, accounting for 8.27% of Khan’s 13F portfolio.
At the end of June, 112 hedge funds were bullish on The Walt Disney Company (NYSE:DIS), down from 134 in Q1.
Here is what RiverPark Funds has to say about The Walt Disney Company (NYSE:DIS) in its Q2 2021 investor letter:
“DIS shares declined for the quarter, taking a pause after a big fourth quarter and first quarter stock price advance, as Disney+ subscriber numbers were disappointing to investors. Disney+, the company’s DTC streaming business, had blown past previous subscriber projections, having gone from zero to 104 million in 17 months, but investors were now expecting 109 million subscribers. Management still expects significant continued growth to 230-260 million subscribers in 2024.
DIS is blessed with a deep library of unique content that includes both live sports (providing large, non-time shifted audiences) and incomparable brands including Disney, Marvel, Pixar and Lucasfilm, as well as the ABC network. The company also has a wealth of upcoming new content, expecting over 100 original titles per year, including two new Star Wars spin-off series, 10 Star Wars films, 10 Marvel films, 15 Disney and Pixar films and 15 Disney and Pixar series.
Now that the disruption in its theme park, cruise and theatrical businesses appears to be coming to an end, we believe that Disney is among the best-positioned media companies in the new landscape to combine multi-channel and DTC distribution. We also note that DIS has an extremely strong balance sheet and a growing pool of free cash flow to be used both to return to shareholders and to invest in future opportunities.”
2. Marriott International, Inc. (NASDAQ:MAR)
Proem Advisors’ Stake Value: $13,311,000
Percentage of Proem Advisors’ 13F Portfolio: 10.44%
Number of Hedge Fund Holders: 49
Proem Advisors owns 97,500 shares in Marriott International, Inc. (NASDAQ:MAR), amounting to $13.31 million, making up 10.44% of Khan’s 13F portfolio for Q2.
Of the hedge funds tracked by Insider Monkey, 49 funds reported owning stakes in Marriott International, Inc. (NASDAQ:MAR) at the end of Q2, down from 58 in Q1.
Here is what Artisan Partners has to say about Marriott International, Inc. (NASDAQ:MAR) in its Q2 2021 investor letter:
“Hotel operator Marriott had performed well in the pandemic reopening trade. Their subsequent weakness reflects that trade’s slowing momentum in Q2 as virus variants surged globally and rising uncertainty weighed on economic growth expectations. Still, we remain confident in this business. Each are leaders in their respective industries with wide moats and superior business economics. Each is led by a battle-tested management team we believe is executing well on an appropriately set strategy to deliver shareholder value. They are carefully and wisely financed, and they have undemanding valuations based on normalized earnings power.”
1. MercadoLibre, Inc. (NASDAQ:MELI)
Proem Advisors’ Stake Value: $16,201,000
Percentage of Proem Advisors’ 13F Portfolio: 12.71%
Number of Hedge Fund Holders: 74
Ranking first on our list of the top stock picks by Imran Khan’s Proem Advisors is MercadoLibre, Inc. (NASDAQ:MELI), an Argentine company providing an online marketplace for auctions and e-commerce. MercadoLibre, Inc. (NASDAQ:MELI) is the most visited online shopping platform in Latin America, and is traded as a NASDAQ 100 component.
Khan’s Proem Advisors owns 10,400 shares in MercadoLibre, Inc. (NASDAQ:MELI), worth $16.2 million, representing 12.71% of Khan’s 13F Q2 portfolio.
Of the hedge funds tracked by Insider Monkey at the end of June, 74 funds were long MercadoLibre, Inc. (NASDAQ:MELI), up from 69 in the previous quarter.
Here is what Polen Capital has to say about MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2021 investor letter:
“Argentina-based MercadoLibre operates Latin America’s leading ecommerce website and digital wallet. Both e-commerce and consumer finance are underpenetrated among the nearly 400 million citizens living in the company’s three largest markets: Brazil, Argentina, and Mexico.
MercadoLibre’s digitally native solution gives more than 70 million users an easy access point for both online shopping and a digital wallet.
From humble beginnings as a third-party marketplace, MercadoLibre’s management built the business over the last twenty years by steadily expanding the platform’s reach with new services to suit both merchants and consumers. Today’s offerings include financing capabilities for buyers and sellers, logistics, loyalty programs, classifieds listings, and grocery items. We think MercadoLibre can compound earnings at a 25% rate for the next five years.”
You can also take a look at 10 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management and Top 10 SPACs to Buy According to Richard Gerson’s Falcon Edge Capital.
