In this article, we discuss the top 5 stocks to invest in according to Kevin D. Eng’s Columbus Hill Capital Management. If you wish to see our detailed analysis of Eng’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stocks To Invest In According To Kevin D. Eng’s Columbus Hill Capital Management.
5. Meta Platforms, Inc. (NASDAQ:FB)
Columbus Hill Capital Management’s Stake Value: $52.67 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 4.48%
Number of Hedge Fund Holders: 266
Formerly known as Facebook, Multinational technology conglomerate Meta Platforms, Inc. (NASDAQ:FB) announced a partnership with Microsoft Corporation (NASDAQ:MSFT) to integrate access and engagement for the workplace and teams, on November 12. Now known as Meta workplace, the users of the workplace of Meta Platforms, Inc. (NASDAQ:FB) can comment and react to what will be posted inside Microsoft’s Teams, while the users of Microsoft can do the same at Meta.
According to the third quarter 13F filings, Columbus Hill Capital Management holds 155,202 shares of Meta Platforms, Inc. (NASDAQ:FB), amounting to more than $52.67 million in worth and accounting for 4.48% of the hedge fund’s investment portfolio.
Ken Fisher of Fisher Asset Management is one of the biggest stakeholders of Meta Platforms, Inc. (NASDAQ:FB) as of the end of the third quarter, according to the data tracked by Insider Monkey. Overall, 266 funds were bullish on Meta Platforms, Inc. (NASDAQ:FB) by the end of the June quarter, compared to 51 in the previous quarter.
On October 26, Truist analyst Youssef Squali lowered the price target on Meta Platforms, Inc. (NASDAQ:FB) to $400 from $425, but kept a Buy rating on the shares after its Q3 results.
Here is what Polen Capital has to say about Meta Platforms, Inc. (NASDAQ:FB) in its Q3 2021 investor letter:
“Facebook’s stock was pressured on concerns about regulation in the quarter. We are constantly monitoring the potential regulatory risks to Facebook (and all of our holdings). At this point, we see very little chance that regulation changes Facebook’s business model in a meaningful and adverse way. Regarding the recent data shared by a former Facebook employee and the company itself on some of the unfortunate negative consequences of social media, we recognize these types of issues will inevitably linger in different forms and fashions well into the future. We have been focused on the ability of Facebook to identify and mitigate these negative consequences while amplifying the value users typically cite for its apps across a long list of use cases. We continuously monitor the vibrance of the user base on Facebook’s apps to confirm that value.”
4. Sea Limited (NYSE:SE)
Columbus Hill Capital Management’s Stake Value: $53.19 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 4.52%
Number of Hedge Fund Holders: 104
Sea Limited (NYSE:SE) is a Singapore-based consumer technology company that operates in the digital entertainment, e-commerce, and financial services industries through its Garena, Shopee and SeaMoney platforms. The company’s share price rose 51% this year due to its expansion into the gaming market.
On November 2, Barclays analyst Jiong Shao initiated coverage of Sea Limited (NYSE:SE) with an Overweight rating and $427 price target.
As of the end of the Q3, Columbus Hill Capital Management held 166,822 shares of Sea Limited (NYSE:SE), amounting to more than $53.19 million in worth, and representing 4.52% of the fund’s portfolio value. At the end of the second quarter of 2021, 104 hedge funds in the database of Insider Monkey held stakes worth $12.2 billion in Sea Limited (NYSE:SE), up from 98 the preceding quarter worth $10.4 billion.
Of the hedge funds being tracked by Insider Monkey, New York-based Tiger Global Management LLC is the biggest shareholder in Sea Limited (NYSE:SE), with 10.4 million shares worth approximately $3.3 billion.
In its second-quarter, 2021 investor letter, Tao Value mentioned Sea Limited (NYSE:SE). Here is what the fund said:
“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets
like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”
3. Humana Inc. (NASDAQ:HUM)
Columbus Hill Capital Management’s Stake Value: $54.72 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 4.65%
Number of Hedge Fund Holders: 59
The third largest health insurance provider in the United States, Humana Inc. (NASDAQ:HUM) is a Kentucky-based health and well-being company that operates through its Retail, Group and Specialty, and Healthcare Services segments.
On November 10, Deutsche Bank analyst George Hill raised the price target on Humana Inc. (NASDAQ:HUM) to $476 from $456, and kept a Hold rating on the shares of the company.
Kevin Eng’s hedge fund reported owing 140,742 shares of Humana Inc. (NASDAQ:HUM) as of Q3. These shares are valued at $54.72 million and represent 4.65% of his fund’s total portfolio value.
Of the 873 elite funds tracked by Insider Monkey, 59 were long Humana Inc. (NASDAQ:HUM) at the end of June, down from 65 in the first quarter of 2021. Andreas Halvorsen of Viking Global is among the leading stakeholders of the company.
2. Royal Caribbean Cruises Ltd. (NYSE:RCL)
Columbus Hill Capital Management’s Stake Value: $61.51 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 5.23%
Number of Hedge Fund Holders: 42
Headquartered in Florida, Royal Caribbean Cruised Ltd. (NYSE:RCL) is the second largest cruise line operator in the world. Founded in 1968, the company has an active fleet of 24 ships as of 2021.
Based on our Q3 data, Kevin Eng’s Columbus Hill Capital Management holds 691,552 shares of Royal Caribbean Cruises Ltd. (NYSE:RCL), worth more than $61.51 million, accounting for 5.23% of the hedge fund’s portfolio value.
Ken Griffin of Citadel Investment Group is one of the biggest stakeholders of Royal Caribbean Cruises Ltd. (NYSE:RCL) as of the end of the third quarter, according to the data tracked by Insider Monkey. Overall, 42 funds were bullish on the company by the end of the June quarter, the same as the previous quarter.
On September 24, Stifel analyst Steven Wieczynski raised the price target on Royal Caribbean Cruises Ltd. (NYSE:RCL) to $111 from $95, and kept a Buy rating on the shares of the company.
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.”
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