4 Stocks to Buy According to Alexander Captain’s Cat Rock Capital

2. Semrush Holdings, Inc. (NYSE:SEMR)

Cat Rock Capital’s Stake Value: $76,024,000
Percentage of Cat Rock Capital’s 13F Portfolio: 16.17%
Number of Hedge Fund Holders: 12

Semrush Holdings, Inc. (NYSE:SEMR) is an American publicly traded company that provides the Semrush SaaS platform. Semrush assists its clients with social media marketing and search engine optimization to improve their online presence. It has 91,000 clients, and 80%  of them now spend $10,000 or more annually than they did the previous year.

According to Insider Monkey’s data, 12 hedge funds held stakes worth $140.51 million in Semrush Holdings, Inc. (NYSE:SEMR) at the end of the second quarter of 2022, compared to the same number of funds in the prior quarter worth $116.34 million.

Alexander Captain’s Cat Rock Capital is the most prominent position holder in Semrush Holdings, Inc. (NYSE:SEMR). The hedge fund has 5.88 million shares of Semrush Holdings, Inc. (NYSE:SEMR) worth $76.02 million, accounting for 16.17% of the total Q2 portfolio. This is a 7% increase over the previous quarter when the hedge fund owned 5.52 million shares in the company.

In its Q1 2021 investor letter, ClearBridge Investments mentioned Semrush Holdings, Inc. (NYSE:SEMR). Here is what the fund said:

“We established seven new positions during the quarter, (including SEMrush) largely financed through trims in existing holdings whose market values have risen. Four of the additions play roles in the accelerating digital transformation of the sales, marketing and customer development processes. SEMrush, in the IT sector, is a software provider that help clients optimize their marketing spend across digital search and social media platforms.”