3 Best Stocks to Buy According to ‘Warren Buffett of Brazil’

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This article discusses the top 3 stock picks of billionaire Jorge Paulo Lemann’s 3G Capital at the end of June 2022. If you want to learn more about Mr. Lemann, how he founded 3G capital with two of his long-time partners and the fund’s other top stock picks, please go to 5 Best Stocks to Buy According to ‘Warren Buffett of Brazil’.

3. Bill.com Holdings, Inc. (NYSE:BILL)

3G Capital’s Stake Value: $13,743,000

Percentage of 3G Capital’s 13F Portfolio: 22.74% 

Number of Hedge Fund Holders: 46

Payments, billing and invoice management SaaS provider Bill.com Holdings, Inc. (NYSE:BILL) remained 3G Capital’s third most loved stock at the end of Q2 despite the fund cutting down its holdings in the company by 44% to 125,000 shares during that period. The popularity of Bill.com Holdings, Inc. (NYSE:BILL) among smart money investors has followed the same trajectory as its stock price over the past few quarters. From 66 hedge funds among the funds we track disclosing a stake in the company at the end of Q3 2021, the number dropped to just 46 at the end of the second quarter this year.

Bill.com Holdings, Inc.’s (NYSE:BILL) stock jumped more than 10% on August 19 on the back of the company reporting better than expected quarterly numbers a day earlier after the markets closed for trading. However, they have given up those gains since then and currently trade down by 35% year-to-date. For its fiscal year 2022 fourth quarter, Bill.com Holdings, Inc. (NYSE:BILL) announced non-GAAP earnings per share loss of $0.03 on revenue of $200.22 million, beating analysts’ expectations handily by $0.11 and $17.12 million, respectively. For its fiscal year 2023, the company now expects revenue to be in the $955.5-$973.5 million range, whereas the consensus among analysts was revenue of  $879.5 million.

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