5 Growth Stocks to Buy According to Jay Chen’s Himension Capital

Below is the list of 5 growth stocks to buy according to Jay Chen’s Himension Capital. For a comprehensive list and detailed discussion about Jay Chen’s investment philosophy and portfolio management strategies, please see the 10 Growth Stocks to Buy According to Jay Chen’s Himension Capital.

5. Sea Limited (NYSE:SE)

Himension Capital’s Stake Value: $91.1 million

Percentage of Himension Capital’s 13F Portfolio: 8.85%

Number of Hedge Fund Holders: 104

Sea Limited (NYSE:SE) is among the top growth stocks that have extended the share price momentum even in the post-pandemic situation. The company’s share price surged 78% so far this year, driven by its expansion plans along with robust growth in the gaming market. The company is working on plans of raising more than $6 billion for business expansion. Jay Chen’s Himension Capital lifted its existing position in Sea Limited by 61% to 8.85% of the entire portfolio.

In the second quarter investor letter, Tao Value, an investment management firm, stated that Sea continued to execute above expectation. Here is what Tao Value said about Sea Limited: 

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm markets and received positive reception from new markets like the US. On the e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now the top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”