In this article, we will discuss the top 5 stock picks of Shashin Shah’s Think Investments. If you want to read our detailed analysis of Shah’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Shashin Shah’s Think Investments.
5. Khosla Ventures Acquisition Co. (NASDAQ:KVSA)
Think Investments Stake Value: $38,110,000
Percentage of Think Investments’ 13F Portfolio: 4.38%
Number of Hedge Fund Holders: N/A
Khosla Ventures Acquisition Co. (NASDAQ:KVSA) is a California-based special purpose acquisition firm. In March 2021, the company went public, generating more than $345 million from the first public offering. It focuses on mergers with US-based technology companies that have proprietary technology that sets them distinct from their competitors.
On November 16, SPAC Khosla Ventures Acquisition shares jumped by 1.3% after Valo Health and KVSA announced the termination of their $2.8 billion business combination. The company is the latest addition in Shashin Shah’s Think Investments portfolio, as the hedge fund bought 3.74 million shares of the company, worth $38.11 million.
Israel Englander’s Millennium Management is the company’s leading shareholder, with 1.85 million shares worth $18.24 million.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Think Investments Stake Value: $44,348,000
Percentage of Think Investments’ 13F Portfolio: 5.09%
Number of Hedge Fund Holders: 271
Amazon.com, Inc. (NASDAQ:AMZN) is a global technology company focused on e-commerce, cloud computing, artificial intelligence, and digital streaming. The company shares have returned 12.42% to investors over the past twelve months.
Amazon.com, Inc. recently made news by announcing a multi-year strategic partnership with Blue Prism, a global pioneer and industry leader in intelligent automation, to revolutionize how organizations offer intelligent automation.
The company features on the list of top 10 stock picks of Shashin Shah’s Think Investments. Insider Monkey’s data shows that 271 elite hedge funds held stakes in the company at the end of the second quarter, up from 243 funds a quarter earlier.
In its third-quarter 2021 investor letter, Polen Capital mentioned Amazon.com, Inc. (NASDAQ:AMZN). Here is what the fund said:
“Amazon has also lagged as its revenue growth is slowing on the very difficult comparisons from last year when this behemoth was growing revenue by over 40%. We still expect exceptional long-term growth and significant margin expansion as the fastest growing (and now large) segments of Amazon are also generating the highest margins.”
3. ICICI Bank Limited (NYSE:IBN)
Think Investments Stake Value: $46,099,000
Percentage of Think Investments’ 13F Portfolio: 5.29%
Number of Hedge Fund Holders: 28
ICICI Bank Limited (NYSE:IBN) is an Indian bank specializing in retail banking, corporate banking, and treasury operations. On October 25, ICICI Bank Limited announced earnings for the third quarter. The net profit for the quarter was ₹55.11 billion, vs. ₹42.51 billion in last year’s quarter.
ICICI Bank saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 28 at the end of the second quarter compared to 31 positions in the previous quarter. Think Investments owns 2.44 million shares in ICICI Bank Limited, worth $46.10 million, representing 5.29% of the firm’s 13F portfolio in the third quarter of 2021.
Stephen Mandel’s Lone Pine Capital is the largest shareholder in ICICI Bank Limited (NYSE:IBN), owning 39.75 million shares, valued at $750.09 million, which represents 2.52% of its portfolio.
2. Insulet Corporation (NASDAQ:PODD)
Think Investments Stake Value: $47,466,000
Percentage of Think Investments’ 13F Portfolio: 5.45%
Number of Hedge Fund Holders: 38
Insulet Corporation (NASDAQ:PODD) is a global manufacturer of insulin delivery devices. The company, on November 4, reported Q3 earnings. EPS for the quarter came in at $0.18, missing estimates by $0.07. Revenue increased 17.8% year over year to $275.6 million.
Think Investments owns 167,000 shares in the company, amounting to $47.47 million, representing 5.45% of the firm’s Q3 portfolio. On November 5, Canaccord analyst Kyle Rose raised his price target on Insulet to $330 from $300 and maintained a “Buy” rating on the shares.
The most significant shareholder of Insulet Corporation (NASDAQ:PODD) among the funds from Insider Monkey database is Daniel Sundheim’s D1 Capital Partners, with 1.32 million shares worth $376.34 million.
1. Sea Limited (NYSE:SE)
Think Investments Stake Value: $120,129,000
Percentage of Think Investments’ 13F Portfolio: 13.81%
Number of Hedge Fund Holders: 104
Sea Limited (NYSE:SE) is an internet service provider, in which Shashin Shah’s Think Investments disclosed a $120.13 million position that contains 376,900 shares, unchanged from the previous quarter. The company shares have offered investors returns exceeding 65.19% over the past twelve months.
In recent months, the number of bullish hedge fund bets increased by six. Sea Limited (NYSE:SE) was in 104 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 98 positions in the prior quarter.
You can also take a peek at Growth Stock Portfolio: 10 Stock Picks By Hedge Funds and Top 10 Stock Picks of Terry Smith’s Fundsmith LLP
