4 Top Stock Picks of Billionaire Nicholas J. Pritzker’s Tao Capital

2. Twist Bioscience Corporation (NASDAQ:TWST)

Tao Capital’s Stake Value: $110 million

Percentage of Tao Capital’s 13F Portfolio: 25.34% 

Number of Hedge Fund Holders: 23

The dip in Twist Bioscience Corporation’s (NASDAQ:TWST) stock price is presenting a buying opportunity amid expectations for robust revenue performance in quarters ahead. The company expects 2021 revenue in the range of $129M-$132M compared to the consensus estimate of $127.59M. On the negative side, the company is struggling to generate positive net income. 

Baron Funds, an asset management firm, highlighted confidence in Twist Bioscience Corporation (NASDAQ:TWST) in the second quarter investor letter. Here is what Baron Funds stated:   

“We initiated a position in Twist Bioscience Corporation, a provider of synthetic DNA. The company’s proprietary semiconductor-based platform has driven its position as the low-cost provider of DNA for a variety of high-growth applications. These include the attractive areas of synthetic biology, liquid biopsy, and antibody discovery. Of note, the antibody business has the potential to become a source of high-margin royalty streams in the future. As further optionality, we believe Twist has a shot at disrupting the entire digital data storage industry with DNA-based storage.”