5 High Growth Non-Tech Stocks That Are Profitable

4. Nu Holdings Ltd (NYSE:NU)

Number of Hedge Fund Investors: 50

Nu Holdings Ltd (NYSE:NU) in November posted Q3 results. Revenue in the quarter came in at $2.14 billion, surpassing estimates of $2.05 billion. It was up from $1.87 billion posted in the previous quarter and $1.31 billion posted in the third quarter of 2022.

White Falcon Capital Management made the following comment about Nu Holdings Ltd. (NYSE:NU) in its Q3 2023 investor letter:

“There are comparable narratives involving Nu Holdings Ltd. (NYSE:NU), Amazon, and Teck Resources, to name a few holdings from the White Falcon portfolio. NU Holdings generates an average monthly revenue per user of $9.3, whereas its competitors are achieving over $35, creating a significant opportunity for revenue and earnings growth. In essence, we believe we hold wonderful businesses with growing revenue streams and potential for operating leverage – all at reasonable valuations.”