5 E-commerce and Tech Stocks to Buy Now According to Christopher Lyle’s SCGE Management

3. HubSpot, Inc. (NYSE:HUBS)

Lyle’s Stake Value: $820,470,000
Percentage of Christopher Brown Lyle’s 13F Portfolio: 7.68%
Number of Hedge Fund Holders: 54

HubSpot, Inc. (NYSE: HUBS) provides cloud-based platforms to huge enterprises for operations including marketing, sales, and customer services. Based on the data of the 873 funds tracked by Insider Monkey, 54 hedge funds were bullish on the stock, as of the second quarter of 2021, in comparison to 46 in the first quarter. The most valuable stake in HubSpot, Inc. (NYSE: HUBS) is currently held by Christopher Lyle’s SCGE management worth over $820 million.

In their investor letter for Q2 of 2021, Wasatch Core Growth Fund shed some light on HubSpot, Inc. (NYSE: HUBS). Here’s what the fund said:

“Our purchases during the quarter were balanced with a similar number of sales, including HubSpot, Inc. (HUBS). The company provides a cloud-based, integrated marketing and sales platform that helps in lead generation and maintaining a presence on social media. Although we’re still extremely impressed with HubSpot, we sold the stock because its market cap, over $25 billion, became rather large for the Fund. Within other Wasatch funds with a larger-cap focus, we still enthusiastically own the company.”