Top 5 Stocks To Invest In According To Kevin D. Eng’s Columbus Hill Capital Management

1. Amazon.com, Inc. (NASDAQ:AMZN)

Columbus Hill Capital Management’s Stake Value: $70.25 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 5.97%
Number of Hedge Fund Holders: 271

One of the big five companies in the US technology sector, multinational technology company Amazon.com, Inc. (NASDAQ:AMZN) is the most valuable global brand, and remains the largest U.S. e-commerce player with a market share of about 40%. The company recently entered a contract with Rivian Automotive, Inc. (NASDAQ:RIVN) to build 100,000 electric vans by 2030.

Kevin D. Eng, as of Q3 2021, holds 21,385 shares in Amazon.com, Inc. (NASDAQ:AMZN), worth more than $70.25 million, accounting for 5.97% of his hedge fund’s portfolio.

Of the 873 elite funds tracked by Insider Monkey, 271 held stakes in Amazon.com, Inc. (NASDAQ:AMZN) worth $60.49 billion in the second quarter of 2021, compared to 243 funds in the first quarter with total stakes amounting to around $50.4 billion. Ken Fisher’s Fisher Asset Management is among the most notable stakeholders in Amazon.com, Inc. (NASDAQ:AMZN), with over 1.93 million shares worth more than $6.34 billion.

On November 10, Tigress Financial analyst Ivan Feinseth raised his price target on Amazon.com, Inc. (NASDAQ:AMZN) to $4,460 from $4,370, and kept a Buy rating on the shares as he sees the company being well-positioned to overcome near-term supply chain headwinds.

Polen Capital, in its Q3 2021 investor letter, 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.”

You can also take a peek at the 10 Most Profitable Cash-Only Businesses To Avoid Taxes and 10 Best Biotech Stocks To Buy For 2021.

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