In this article, we discuss the top 5 stock picks of Joshua Kushner’s Thrive Capital. If you want our detailed analysis of Thrive Capital’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of Joshua Kushner’s Thrive Capital.
5. Vimeo Inc. (NASDAQ:VMEO)
Thrive Capital’s Stake Value: $69,532,000
Percentage of Thrive Capital’s 13F Portfolio: 6.5%
Number of Hedge Fund Holders: 24
Vimeo, Inc. (NASDAQ:VMEO) and its subsidiaries offer video software solutions around the world. The video tools are delivered via a software-as-a-service model, allowing users to create, collaborate, and communicate with video on a single platform. It also provides over-the-top (OTT) streaming and monetization services, as well as AI-powered video creation and editing tools, as well as interactive and shoppable video tools. Thrive Capital added Vimeo Inc. (NASDAQ:VMEO) to its Q1 portfolio by acquiring 5.8 million shares worth $69.5 million, representing 6.5% of the total holdings.
According to Insider Monkey’s data, 24 hedge funds were long Vimeo Inc. (NASDAQ:VMEO) in Q1 2022, down from 34 funds in the last quarter. Mason Hawkins’ Southeastern Asset Management is the largest stakeholder of the company as of June 29, with 11.29 million shares worth $134.2 million.
4. Carvana Co. (NYSE:CVNA)
Thrive Capital’s Stake Value: $96,949,000
Percentage of Thrive Capital’s 13F Portfolio: 9.07%
Number of Hedge Fund Holders: 48
Carvana Co. (NYSE:CVNA) runs an e-commerce platform in the United States for buying and selling used cars. Customers can use their desktop or mobile devices to research and identify vehicles, inspect them using the company’s 360-degree vehicle imaging technology, obtain financing and warranty coverage, purchase the vehicle, and schedule delivery or pick-up. Carvana Co. (NYSE:CVNA) is a new arrival in Thrive Capital’s Q1 portfolio with 812,713 shares, worth $96.9 million.
Among the hedge funds tracked by Insider Monkey, 48 funds were long Carvana Co. (NYSE:CVNA) at the end of Q1 2022, with combined stakes worth $3.4 billion.
3. Nu Holdings Ltd. (NYSE:NU)
Thrive Capital’s Stake Value: $172,410,000
Percentage of Thrive Capital’s 13F Portfolio: 16.14%
Number of Hedge Fund Holders: 17
Nu Holdings Ltd. (NYSE:NU) operates primarily in Brazil, Mexico, and Colombia as a digital financial services platform and technology company.
Securities filings for Q1 2022 reveal that Thrive Capital added Nu Holdings Ltd. (NYSE:NU) to its portfolio by purchasing 22.3 million shares worth $172.4 million, representing 16.14% of the total 13F holdings.
Soomit Datta of New Street Research on July 6 reduced the firm’s price target on Nu Holdings Ltd. (NYSE:NU) to $7 from $9 and maintained a Neutral rating on the stock. According to the analyst, the tougher cycle will “likely catch up with the digital banks/wallets in Brazil” more in Q2 following a “generally stronger” than expected Q1 for both Nu Holdings and MercadoLibre (MELI).
Among the hedge funds tracked by Insider Monkey, 17 funds were bullish on Nu Holdings Ltd. (NYSE:NU) at the end of Q1 2022, with combined stakes worth $2.8 billion. Catherine Wood’s ARK Investment Management is the leading position holder in the company, with 4.8 million shares valued at around $18.6 million.
2. Robinhood Markets, Inc. (NASDAQ:HOOD)
Thrive Capital’s Stake Value: $275,752,000
Percentage of Thrive Capital’s 13F Portfolio: 25.81%
Number of Hedge Fund Holders: 19
Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services platform based in the United States. The platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. Thrive Capital added Robinhood Markets, Inc. (NASDAQ:HOOD) to its Q1 portfolio by buying 20.4 million shares worth $275.7 million, representing 25.81% of the total holdings.
According to Insider Monkey’s data, 19 hedge funds were long Robinhood Markets, Inc. (NASDAQ:HOOD) at the end of March 2022, down from 24 funds in the preceding quarter. Catherine Wood’s ARK Investment Management is the leading stakeholder of the company, with roughly 33.5 million shares worth $337.5 million.
1. Oscar Health Inc. (NYSE:OSCR)
Thrive Capital’s Stake Value: $375,014,000
Percentage of Thrive Capital’s 13F Portfolio: 35.1%
Number of Hedge Fund Holders: 29
Oscar Health, Inc. (NYSE:OSCR) sells and services health insurance in the United States. Individual & Family, Small Group, and Medicare Advantage plans are available, as well as +Oscar, a technology-driven platform designed to assist providers and payor clients in engaging with members and patients. Thrive Capital purchased 37.6 million shares of Oscar Health, Inc. (NYSE:OSCR) in Q1 2022, worth about $375 million, representing 35.1% of the total 13F portfolio.
Among the hedge funds tracked by Insider Monkey, 29 funds were bullish on Oscar Health, Inc. (NYSE:OSCR) at the end of March 2022, up from 19 funds in the prior quarter.
You can also take a look at Top 10 Stock Picks of Minerva Advisors and Top 10 Marijuana Stocks to Invest In Right Now
