5 Best Esports Stocks to Buy Now

3. Sea Limited (NYSE:SE)

Number of Hedge Fund Holders: 65

Sea Limited (NYSE:SE) is a Singapore-based multinational company that operates in e-commerce, digital entertainment, and digital financial services. The company, through its subsidiary Garena, has made significant investments and contributions to the esports industry. Garena is known for its active involvement in esports development and promotion, particularly in Southeast Asia.

At the end of Q1 2023, 65 hedge funds tracked by Insider Monkey were long Sea Limited (NYSE:SE), up significantly from 48 in the previous quarter. The stakes owned by these funds have a total value of over $2.88 billion.

Artisan Partners mentioned Sea Limited (NYSE:SE) in its Q1 2023 investor letter. Here is what the firm has to say:

“Top contributors to performance for the quarter included Southeast Asian e-commerce platform Sea Limited (NYSE:SE). Sea rose after achieving profitability in e-commerce a year ahead of guidance, and delivering significant growth in monetization and revenue despite moderating gross merchandise value (GMV) trends. Notably, our top four holdings entering the quarter (Sea, Meli, Nvidia, Airbnb) which represented 24.37% of capital on December 31, 2022, increased an average of 64.42% during the quarter.”

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