Top 5 Stocks to Invest in According to John Smith Clark’s Southpoint Capital Advisors

1. Expedia Group, Inc. (NASDAQ: EXPE)

Southpoint Capital Advisors’ Stake Value: $286 million

Percentage of Southpoint Capital Advisors’ 13F Portfolio: 4.96%

Number of Hedge Fund Holders: 87

Ranking 1st on our list of top stocks to invest in according to John Smith Clark’s Southpoint Capital Advisors, Expedia Group, Inc. (NASDAQ: EXPE) engages primarily in the travel industry, notably through their trivago app.

As of the second quarter, 87 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in Expedia Group, Inc. (NASDAQ: EXPE) worth $5.92 billion.

Here is what ClearBridge Investments has to say about Expedia Inc. in its Q1 2021 investor letter:

“Several of our better performers in the first quarter were purchased while their business models were under stress from COVID restrictions or the macro environment the pandemic created. What gave us confidence in purchasing Expedia were the actions the company took to extend out their balance sheets until travel resumed. It should benefit as a broader vaccination rollout prompts cruise lines to resume operations and consumers to start traveling again and are positioned to deliver better margins and gain pricing power as the economy normalizes due to the cost controls implemented during the downturn.”

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