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

4. Teladoc Health, Inc. (NYSE:TDOC)

Himension Capital’s Stake Value: $132.2 million

Percentage of Himension Capital’s 13F Portfolio: 12.84%

Number of Hedge Fund Holders: 43

Jay Chen’s Himension Capital raised its stake in Teladoc Health, Inc. (NYSE:TDOC) by 87% to around 795,000 shares during the second quarter. The shares of the $22 billion virtual healthcare service company have been under pressure over the last couple of months amid short-term headwinds. Nevertheless, disruptive technology investors like Catherine D. Wood’s ARK Investment Management see the dip in share price as a buying opportunity. 

The number of bullish hedge fund positions rose by 1 in recent months. Teladoc Health was in 43 hedge funds’ portfolios at the end of the second quarter of 2021 compared to 42 positions in the prior quarter.