5 Best Growth Stocks To Buy According To George Soros

3. DigitalOcean Holdings, Inc. (NYSE:DOCN)

Stake Value: $15M

Cloud services provider DigitalOcean Holdings, Inc. (NYSE:DOCN) ranks 3rd in our list of the best growth stocks to buy according to billionaire George Soros’ hedge fund. The hedge fund bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the third quarter, worth about $15 million.

In the third quarter DigitalOcean Holdings, Inc. (NYSE:DOCN)’s revenue jumped about 16.4% year over year to $177.06 million, beating estimates by $3.7 million.

As of the end of the third quarter of 2023, 17 hedge funds out of the 910 hedge funds tracked by Insider Monkey reported owning stakes in DigitalOcean Holdings, Inc. (NYSE:DOCN). The biggest stakeholder of DigitalOcean Holdings, Inc. (NYSE:DOCN) during this period was Paul Marshall and Ian Wace’s Marshall Wace LLP which had a $19 million stake in the company.