5 Biggest E-Commerce Companies In USA

3. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 80

The Home Depot, Inc. (NYSE:HD) is an American company that sells home improvement products that include items such as cabinets, furnaces, central air systems, and flooring.

Despite the fact that its products and business model are unfavorable to e-commerce, The Home Depot, Inc. (NYSE:HD) has overcome these challenges by developing what is termed an omnichannel strategy. This strategy lets customers place their orders while at home and then travel to the store for a pickup. It also lets them travel to the store first to get product information and then make the purchase later on. The company also lets customers use virtual reality to digitally place the products inside their homes for an improved buying decision.

Insider Monkey’s 895 hedge fund survey for this year’s second quarter revealed that 80 had invested in The Home Depot, Inc. (NYSE:HD).

Ken Fisher’s Fisher Asset Management is The Home Depot, Inc. (NYSE:HD)’s largest investor. It owns 8.3 million shares that are worth $2.2 billion.

Diamond Hill Capital mentioned the firm in its Q2 2022 investor letter. Here is what the fund said:

“The Home Depot, Inc. (NYSE:HD) is a high-quality operator in the home improvement industry. Macroeconomic concerns, particularly the rise in mortgage rates, caused the share price to pull back and trade at a greater discount to our estimate of intrinsic value. We believe Home Depot is well positioned to continue gaining share due to its premium real estate locations, strong operations and recent investments in its supply chain. We like Home Depot’s exposure to the professional customer and believe in its ability to take market share in this segment as we believe home improvement spending has the potential to remain resilient in upcoming years.”