10 Stocks to Buy Now According to Michael Pausic’s Foxhaven Asset Management

Published September 22, 2021 at 9:42 am EDT Updated August 19, 2026 at 5:21 am EDT

In this article, we discuss the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management.

Serving as its portfolio manager and financial analyst, Michael Pausic is the founder of Foxhaven Asset Management. After earning his B.S in Engineering from the University of Virginia and an M.B.A from Duke University, Michael Pausic had a long history in media and telecommunications, beginning his career in the industry as a communications banker. Prior to establishing Foxhaven Asset Management in 2013, Pausic served as vice president in business development at 20th Century Fox and later at Viacom. He subsequently joined Maverick Capital, a private equity fund, working as the head of the media and telecommunications team until 2013.

Foxhaven Asset Management, as an investment fund, manages more than $3.66 billion in its portfolio. According to the most recent 13F filings, Foxhaven Asset Management portfolio is diversified into 5 key sectors, with the technology sector dominating, making up 44.9% of the fund’s total portfolio value. A majority of the companies in the fund’s portfolio are large-cap companies based in the United States, with stocks scaling up to more than $10 billion in market capitalization making up 68% of the total value.

Some of the top stocks present in the investment portfolio of Foxhaven Asset Management at the end of the second quarter of 2021 include Facebook, Inc. (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN), Visa Inc. (NYSE:V) and Shopify Inc. (NYSE:SHOP) among others.

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Our Methodology

With this background in mind, let us now look towards the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management. We made use of Foxhaven Asset Management’s 13F portfolio for the second quarter for this analysis.

Why should we pay attention to Michael Pausic’s stocks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Stocks to Buy Now According to Michael Pausic’s Foxhaven Asset Management

10. Liberty Broadband Corporation (NASDAQ:LBRDA)

Pausic’s Stake Value: $164.82 million

Percentage of Michael Pausic’s 13F Portfolio: 4.49%

Number of Hedge Fund Holders: 28

Liberty Broadband Corporation (NASDAQ:LBRDA) invests in communication companies providing a wide range of cable, data, wireless, video, voice, and managed services. Established in 2014, the Colorado-based company ranks 10th on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management with a market capitalization of $31.91 billion.

On August 6, Liberty Broadband Corporation posted their quarterly earnings report for the second quarter of 2021. The company reported earnings per share of $0.30, missing the estimates by $1.33.

Michael Pausic’s Foxhaven Asset Management currently owns 949,147 shares of Liberty Broadband Corporation, amounting to over $164.82 million in worth and accounting for 4.49% of the fund’s portfolio. There were 28 hedge funds in Insider Monkey’s database that held stakes in Liberty Broadband Corporation in the second quarter of 2021, compared to 23 funds in the first quarter.

Alphyn Capital Management, in their Q1 2021 investor letter, mentioned Liberty Broadband Corporation. Here is what the fund said:

“Liberty Broadband completed its merger with GCI, thereby collapsing one layer of the double discount to Charter Communications, presenting a good opportunity to trim that position as well.”

9. Smartsheet Inc. (NYSE:SMAR)

Pausic’s Stake Value: $165.79 million

Percentage of Michael Pausic’s 13F Portfolio: 4.52%

Number of Hedge Fund Holders: 49

Smartsheet Inc. (NYSE:SMAR) is a Washington-based firm that markets a cloud work execution platform. Ranked 9th on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Smartsheet Inc. has a market capitalization of $9.35 billion.

Michael Pausic’s Foxhaven Asset Management currently owns 2.29 million shares of Smartsheet Inc., amounting to over $165.79 million in worth and representing 4.52% of the fund’s portfolio. In the second quarter of 2021, the company’s earnings per share were reportedly at -$0.06, beating estimates by $0.10 alongside reported revenues at $91.22 million, surpassing estimates by $4.69 million.

At the end of the second quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.48 billion in Smartsheet Inc., up from 39 in the preceding quarter worth $1.49 billion.

Just like Facebook, Inc., Amazon.com, Inc., Visa Inc. and Shopify Inc., Smartsheet Inc. is a notable stock in Michael Pausic’s portfolio.

8. Visa Inc. (NYSE:V)

Pausic’s Stake Value: $175.4 million

Percentage of Michael Pausic’s 13F Portfolio: 4.78%

Number of Hedge Fund Holders: 162

Visa Inc. is a California-based multinational financial services corporation that facilitates electronic funds transfers throughout the world. Ranked 8th on our list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Visa Inc. has a market capitalization of $471.62 billion.

Michael Pausic’s Foxhaven Asset Management currently owns 750,181 shares of Visa Inc., worth over $175.4 million. The company issued its quarterly earnings report for the second quarter of 2021 in March, with earnings per share at $1.38, beating forecast estimates by $0.11. The company also reported a revenue of $5.73 billion, surpassing estimated revenues by $175.03 million.

At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27.6 billion in Visa Inc., down from 164 in the preceding quarter worth $26.5 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”

7. MercadoLibre, Inc. (NASDAQ:MELI)

Pausic’s Stake Value: $260.82 million

Percentage of Michael Pausic’s 13F Portfolio: 7.11%

Number of Hedge Fund Holders: 74

MercadoLibre, Inc. (NASDAQ:MELI), based in Buenos Aires, Argentina, is a company that operates online marketplaces dedicated to e-commerce, as well as online auctions. Ranked 7th on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, MercadoLibre, Inc. has a market capitalization of $93.37 billion.

Michael Pausic’s Foxhaven Asset Management currently owns 167,433 shares of MercadoLibre, Inc., amounting to more than $260.82 million in worth and accounting for 7.11% of the fund’s portfolio. MercadoLibre, Inc. issued its earning reports on August 4, 2021, with reported earnings per share of $1.37, topping estimates of $0.09. The company also reported a revenue of $1.70 billion, compared to the consensus estimate of $1.48 billion.

At the end of the first half of 2021, 74 hedge funds in the database of Insider Monkey held stakes worth $4.02 billion in MercadoLibre, Inc., down from 69 in the previous quarter worth $5.2 billion.

Just like Facebook, Inc., Amazon.com, Inc., Visa Inc. and Shopify Inc., MercadoLibre, Inc. is a notable stock in Michael Pausic’s portfolio.

In the Q2 2021 investor letter of Polen Capital, the fund mentioned MercadoLibre, Inc.. Here is what the fund had to say:

“Argentina-based MercadoLibre operates Latin America’s leading ecommerce website and digital wallet. Both e-commerce and consumer finance are underpenetrated among the nearly 400 million citizens living in the company’s three largest markets: Brazil, Argentina, and Mexico.

MercadoLibre’s digitally native solution gives more than 70 million users an easy access point for both online shopping and a digital wallet.

From humble beginnings as a third-party marketplace, MercadoLibre’s management built the business over the last twenty years by steadily expanding the platform’s reach with new services to suit both merchants and consumers. Today’s offerings include financing capabilities for buyers and sellers, logistics, loyalty programs, classifieds listings, and grocery items. We think MercadoLibre can compound earnings at a 25% rate for the next five years.”

6. Intuit Inc. (NASDAQ:INTU)

Pausic’s Stake Value: $265.42 million

Percentage of Michael Pausic’s 13F Portfolio: 7.24%

Number of Hedge Fund Holders: 66

Intuit Inc. (NASDAQ:INTU) is a California-based company that specializes in financial software, serving both individual customers and enterprises. Some of its flagship products include tax preparation software TurboTax and business accounting app QuickBooks. Ranked 6th on our list of the 10 stocks to buy according to Michael Pausic’s Foxhaven Asset Management, Intuit Inc. has a market capitalization of $153.44 billion.

Michael Pausic’s Foxhaven Asset Management currently owns 541,490 shares of Intuit Inc., worth over $265.42 million and representing 7.24% of the fund’s portfolio. Intuit Inc. last released its quarterly earnings report on August 24, with reported earnings per share at $1.97, beating estimates by $0.38, and reported revenues at $2.56 billion, surpassing estimates by $244.98 million.

Just like Facebook, Inc., Amazon.com, Inc., Visa Inc. and Shopify Inc., Intuit Inc. is a notable stock in Michael Pausic’s portfolio.

In the Q2 2021 investor letter of Baron Funds, the fund mentioned Intuit Inc.. Here is what the fund had to say:

“Intuit Inc. is the leading provider of accounting software for small businesses and tax preparation software for individuals and tax professionals. Shares increased on strong quarterly results and raised fullyear guidance. The QuickBooks business is rebounding after last year’s slowdown, the TurboTax business is showing continued share gains and revenue growth, and the recently acquired Credit Karma business generated its highest ever quarterly revenue. We continue to own the stock due to Intuit’s strong competitive position and numerous growth opportunities.”

5. Atlassian Corporation Plc (NASDAQ:TEAM)

Pausic’s Stake Value: $269.90 million
Percentage of Michael Pausic’s 13F Portfolio: 7.36%
Number of Hedge Fund Holders: 64

Atlassian Corporation Plc (NASDAQ:TEAM) is a software company based in Australia that is involved in the development of products for software developers, project managers and other software development teams. Its most notable product is JIRA, a workflow management system for teams to plan, track, collaborate, and manage projects. Ranked 5th on our list of the 10 stocks to buy according to Michael Pausic’s Foxhaven Asset Management, Atlassian Corporation Plc has a market capitalization of $101.93 billion.

Michael Pausic’s Foxhaven Asset Management currently holds 1.05 million shares of Atlassian Corporation Plc, amounting to $269.90 million in worth. These shares account for 7.36% of the fund’s portfolio. By the end of the second quarter of 2021, 64 hedge funds tracked by Insider Monkey held stakes in Atlassian Corporation Plc worth around $4.17 billion, compared to 67 hedge funds in the previous quarter with a total stake value of approximately $3.95 billion.

In the second quarter of 2021, Atlassian Corporation Plc issued its quarterly earnings report, with actual earnings per share at $0.37, beating estimates by $0.05. The company also reported a revenue of $501.36 million that surpassed estimated revenues by $27.48 million.

In the Q2 2021 Investor Letter, Baron Opportunity Fund highlighted a few stocks and Atlassian Corporation Plc is one of them. Here is what the fund said:

“Atlassian Corporation Plc is a software leader that makes tools that are used by thousands of teams worldwide, thus its ticker TEAM. Atlassian’s tools “help teams collaborate, build, and create together” (quote from Atlassian’s website), with an emphasis on designing, developing, and maintaining software, including JIRA for team planning and project management, Confluence for team content creation and sharing, HipChat for team messaging and communications, Bitbucket for team software code sharing and management, and JIRA Service Desk for team services and support use cases. Atlassian is the recognized market leader for information technology team planning and project management software, and has extended its product offering into tangential areas, such as those listed above. The company is in the midst of transitioning its business model to the cloud, which will help it drive faster product innovation, more seamlessly integrate its product families, and raise the effective price realization for its suite of products. Atlassian is run by its two visionary founders, has strong competitive advantages, and we think it should be able to grow revenue over 25% for many years with best-in-class free cash flow margins.”

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

Pausic’s Stake Value: $293.23 million
Percentage of Michael Pausic’s 13F Portfolio: 8%
Number of Hedge Fund Holders: 271

Amazon.com, Inc. is a multinational company that specializes in e-commerce, cloud computing, digital streaming and artificial intelligence. Ranked 4th on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Amazon.com, Inc. has a market capitalization of $1.75 trillion.

Michael Pausic’s Foxhaven Asset Management currently owns 85,238 shares of Amazon.com, Inc., amounting to $293.23 million in worth and representing 8% of the fund’s portfolio. There were 271 hedge funds in our database that held stakes in Amazon.com, Inc. in the second quarter of 2021, compared to 243 funds in the first quarter.

Out of the hedge funds being tracked by Insider Monkey, Martyn Taylor’s Crake Asset Management is a leading shareholder in Amazon.com, Inc. with 68,500 shares worth more than $235 billion.

Amazon.com, Inc. last released its earnings report on July 28, 2021, with reported earnings per share at $15.12, beating estimates of $12.22. Earnings for the e-commerce giant are expected to grow by 29.57% in the coming year.

In the Q2 2021 investor letter of L1 Capital, the fund mentioned Amazon.com, Inc.. Here is what the fund said:

“Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”

3. Twilio Inc. (NYSE:TWLO)

Pausic’s Stake Value: $338.5 million
Percentage of Michael Pausic’s 13F Portfolio: 9.24%
Number of Hedge Fund Holders: 98

Twilio Inc. (NYSE:TWLO), incorporated in 2008, is a California-based cloud communications platform as a service company. Ranked 3rd on our list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Twilio Inc. has a market capitalization of $61.04 billion.

Michael Pausic’s Foxhaven Asset Management currently holds 858,827 shares in Twilio Inc. worth over $338.5 million, representing 9.24% of the fund’s portfolio. As of the second quarter of 2021, 98 hedge funds in Insider Monkey’s database of 873 funds held stakes in Twilio Inc. compared to 99 funds in the first quarter.

On July 29, Twilio Inc. posted its quarterly earnings report for the second quarter of 2021, with earnings per share of -$0.11, beating the estimates by $0.02. In addition, the revenue over the period was $668.93 million, up 66.9% on a year-over-year basis, surpassing the forecast estimates by $69.8 million.

Lakehouse Capital, in its second-quarter 2021 investor letter, mentioned Twilio Inc.. Here is what the fund said:

“The Fund held 20 positions as of the end of June and exited four during the year (including) Twilio. The companies we exited were sold almost entirely on the basis of their valuations getting stretched well past their norms and to levels where the return profile no longer offered the asymmetric upside that led us to invest in the first place. We dislike selling on valuation as great growth companies are hard to find and letting winners run is an important facet of a winning growth strategy, however, we’re not gluttons for punishment either and in each of those cases we redeployed capital towards other high-quality growth companies with less demanding valuations.”

2. Coupang, Inc. (NYSE:CPNG)

Pausic’s Stake Value: $341.13 million
Percentage of Michael Pausic’s 13F Portfolio: 9.31%
Number of Hedge Fund Holders: 33

Coupang, Inc. (NYSE: CPNG) is a South Korean e-commerce company with headquarters in Seoul, South Korea. The company holds around 24% of South Korea’s e-commerce market share. Ranked 2nd on our list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management, Coupang, Inc. has a market capitalization of $50.51 billion.

Michael Pausic’s Foxhaven Asset Management currently holds over 8.15 million shares of Coupang, Inc., amounting to $341.13 million in worth and accounting for 9.31% of the fund’s portfolio. As of Q2 2021, 33 hedge funds tracked by Insider Monkey have positions in Coupang, Inc., worth over $18 billion.

In the second quarter of 2021, the company posted its earnings report, with earnings per share at -$0.13, beating consensus estimates by $0.01. Additionally, the company reported a revenue of $4.48 billion, beating the estimates by $21.63 million.

1. Facebook, Inc. (NASDAQ:FB)

Pausic’s Stake Value: $509.6 million
Percentage of Michael Pausic’s 13F Portfolio: 13.91%
Number of Hedge Fund Holders: 266

Facebook, Inc. is a multinational social networking services company based in Menlo Park, California. The company has a market capitalization of $1.00 trillion, and is ranked 1st on the list of the 10 stocks to buy now according to Michael Pausic’s Foxhaven Asset Management.

Michael Pausic’s Foxhaven Asset Management currently holds owns 1.46 million shares in Facebook, Inc., amounting to $509.6 million in worth and accounting for 13.91% of the fund’s portfolio. At the end of the second quarter of 2021, 266 hedge funds in the database of Insider Monkey held stakes worth $42 billion in Facebook, Inc., compared to 257 in the previous quarter’s worth $40 billion.

First Eagle Investment Management, an investment management firm, In its Q2 2021 investor letter mentioned Facebook, Inc. (NASDAQ: FB). Here is what the fund said:

“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”

You can also take a look at 10 Best Stocks To Buy According To Billionaire Larry Robbins and 10 New Penny Stocks Redditors are Buying.

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