Top 5 Stocks in Lee Ainslie’s Portfolio

Page 5 of 5

1. Coupang Inc (NYSE:CPNG)

Number of Hedge Fund Holders: 47
Maverick Capital % Portfolio:  30.06%

Coupang Inc. (NYSE:CPNG) is one of the largest e-commerce companies operating through mobile and internet websites in South Korea. It sells products and services in various categories.  Like Amazon, Coupang Inc. (NYSE:CPNG) enjoys a competitive edge in enabling fast delivery speeds for goods on its platform as part of its same-day delivery program. Even though the company controls a single-digit share of the Korean retail market, there is tremendous room for growth, with the market expected to reach $550B in the next few years. It delivered impressive Q1 2023 results, with revenues jumping 20% to $5.8 billion. Net income increased by $300 million to $91 million.

The stock accounts for about 30.06% of Maverick’s portfolio and has gained nearly 20% year to date. The consensus rating for Coupang Inc. (NYSE:CPNG) is Moderate Buy, which consists of 5 buy ratings, 2 hold ratings and 1 sell rating.

According to Insider Monkey’s first quarter database, 47 hedge funds were bullish on Coupang Inc (NYSE:CPNG), compared to 49 funds in the prior quarter. Lee Ainslie’ Maverick Capital is the largest stakeholder of the company, with 74.26 million shares worth $1.19 billion.

Follow Coupang Inc. (NYSE:CPNG)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get  the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 12 Cheap Travel Stocks to Buy Now and 12 Under-the-Radar Stocks That Are on The Move.

Page 5 of 5