Top 5 Stock Picks of Joel Ramin’s 12 West Capital

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1. GDS Holdings Limited (NASDAQ:GDS)

Mr. Ramin’s Stake Value: $749 million

Percentage of Mr. Ramin’s 13F Portfolio: 31.43%

Number of Hedge Fund Holders: 38

GDS Holdings Limited (NASDAQ:GDS) is a Chinese company headquartered in Shanghai, China and founded in 2001. It operates data centers in the Asian country and provides services such as consulting to several industries such as finance, internet and cloud.

GDS Holdings Limited (NASDAQ:GDS)’s biggest hedge fund holder after Mr. Ramin is Chase Coleman and Feroz Dewan’s Tiger Global Management LLC, which holds 2.5 million shares that are roughly worth $201 million.

By the end of the second quarter of this year, Mr. Ramin’s 12 West Capital held 9.5 million shares of GDS Holdings Limited (NASDAQ:GDS) with the stake equaling $749 million and representing 31.43% of the investment firm’s portfolio. At the same time, 38 of 873 hedge funds polled by Insider Monkey held shares of GDS Holdings Limited (NASDAQ:GDS).

GDS Holdings Limited (NASDAQ:GDS) reported $288 million in revenue for its second quarter, alongside GAAP EPS of -$0.03 as it met analyst estimates for revenue and beat them for EPS. In a November 2021 analyst note, RBC Capital lowered the company’s price target to $82 and kept an Outperform rating for GDS Holdings Limited (NASDAQ:GDS) shares, highlighting that it expected strong operating performance but regulatory uncertainty was creating headwinds.

Baron Funds, in its third-quarter 2021 investor letter, mentioned GDS Holdings Limited (NASDAQ:GDS) and highlighted that:

GDS Holdings Limited: Following several years of delivering strong shareholder returns for the Fund, we exited our position in GDS, the leading developer and operator of data centers in China. Though we hold management in high regard and believe there is potential for strong long-term growth, we are uncomfortable with the political landscape in China, including the scrutiny of the technology industry. We will continue to monitor developments and perhaps acquire shares again in the future.”

Disclosure: None. You can also take a peek at the 10 Best Consumer Finance Stocks To Buy Now and 10 Best Augmented Reality Stocks to Buy Now.

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