In this article, we discuss the 5 latest stock picks of legendary investor Julian Robertson’s Tiger Management. If you want to read our detailed analysis of these stocks, go directly to the 10 Latest Stock Picks of Legendary Investor Julian Robertson’s Tiger Management.
5. Five Star Senior Living Inc. (NASDAQ:FVE)
Number of Hedge Fund Holders: 12
Five Star Senior Living Inc. (NASDAQ:FVE) owns and manages senior living communities across the United States. At the end of the third quarter of 2021, Tiger Management owned 198,110 shares in MFive Star Senior Living Inc. (NASDAQ:FVE) worth $868,000, representing 0.16% of the portfolio.
Five Star Senior Living Inc. (NASDAQ:FVE) recently announced that it is collaborating with Compass Community Living under which the latter is slated to assume dining service operations at the facilities of the former across the country.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm V3 Capital is a leading shareholder in Five Star Senior Living Inc. (NASDAQ:FVE) with 1.5 million shares worth more than $6.7 million.
4. Expedia Group, Inc. (NASDAQ:EXPE)
Number of Hedge Fund Holders: 78
Expedia Group, Inc. (NASDAQ:EXPE) operates as an online travel company. Tiger Management owned 18,900 shares in Expedia Group, Inc. (NASDAQ:EXPE) at the end of September 2021 worth $3 million, representing 0.57% of the portfolio of the fund.
Expedia Group, Inc. (NASDAQ: EXPE) posted earnings for the third quarter on November 4, reporting earnings per share of $3.53, smashing expectations by $1.77. The revenue over the period was $2.9 billion, up over 97% year-on-year.
At the end of the third quarter of 2021, 78 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in Expedia Group, Inc. (NASDAQ:EXPE), down from 87 in the previous quarter worth $5.9 billion.
In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Expedia Group, Inc. (NASDAQ:EXPE) was one of them. Here is what the fund said:
“Several of our better performers in the first quarter were purchased while their business models were under stress from COVID restrictions or the macro environment the pandemic created. What gave us confidence in purchasing Expedia were the actions the company took to extend out their balance sheets until travel resumed. It should benefit as a broader vaccination rollout prompts cruise lines to resume operations and consumers to start traveling again and are positioned to deliver better margins and gain pricing power as the economy normalizes due to the cost controls implemented during the downturn.”
3. DLocal Limited (NASDAQ:DLO)
Number of Hedge Fund Holders: 19
DLocal Limited (NASDAQ:DLO) owns and runs a payments platform. The hedge fund of Julian Robertson owned 25,600 shares of DLocal Limited (NASDAQ:DLO) at the end of the third quarter of 2021 worth more than $1.3 million, representing 0.25% of the total portfolio.
DLocal Limited (NASDAQ:DLO) stock has had a topsy-turvy ride so far this year, debuting at the market in June and rallying close to 250% in the next three months before falling over 50% in the time since then.
Among the hedge funds being tracked by Insider Monkey, New York-based firm Tiger Global Management LLC is a leading shareholder in DLocal Limited (NASDAQ:DLO) with 2.6 million shares worth more than $141 million.
2. Bilibili Inc. (NASDAQ:BILI)
Number of Hedge Fund Holders: 35
Bilibili Inc. (NASDAQ:BILI) provides online entertainment services. According to regulatory filings, Tiger Management owned 3,400 shares in Bilibili Inc. (NASDAQ:BILI) at the end of September 2021 worth $225,000, representing 0.04% of the portfolio.
On November 18, investment advisory Citi maintained a Buy rating on Bilibili Inc. (NASDAQ:BILI) stock with a price target of $120. Brian Dapeng Gong, an analyst at the firm, issued the ratings update.
At the end of the third quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in Bilibili Inc. (NASDAQ:BILI), down from 47 in the preceding quarter worth $2 billion.
In its Q4 2020 investor letter, Tao Value, an asset management firm, highlighted a few stocks and Bilibili Inc. (NASDAQ:BILI) was one of them. Here is what the fund said:
“Bilibili (ticker:BILI) similarly reported a blast Q3 2020. Bilibili reached average MAU of 197m with high 7.6% pay ratio, showing strong user growth and high engagement. Additionally, the high margin advertisement segment showed exceptionally strong trend, growing 126% yoy. Though surprising to many, I think it is a natural outcome of building an ever-more valuable user generated contents platform. If it is not by ads, I believe these values created by Bilibili will accrue to it in other ways. One interesting data point is that management mentioned the average age of new cohorts are still around 20, indicating it is still in its early stage of a long growth runway. I am happy to see this position played out like how I envisioned in original thesis and will be excited to continue to follow its progress.”
1. Agora, Inc. (NASDAQ:API)
Number of Hedge Fund Holders: 11
Agora, Inc. (NASDAQ:API) is an application software firm focusing on real-time engagement platforms. Latest data shows that Tiger Management bought a new stake in the company in the third quarter, worth $296,000.
In earnings results for the third quarter, posted on November 15, Agora, Inc. (NASDAQ:API) reported a revenue of $45 million, up 46% compared to the revenue over the same period last year and beating estimates by $5.3 million.
At the end of the third quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $354 million in Agora, Inc. (NASDAQ:API), down from 17 in the preceding quarter worth $564 million.
In its Q3 2021 investor letter, Tao Value, an asset management firm, highlighted a few stocks and Agora, Inc. (NASDAQ:API) was one of them. Here is what the fund said:
“As witnessed in the past quarter, the government intervention in Chinese private sector is elevated to an unprecedented level. Given this background, I thoroughly reviewed all our Chinese holdings and made a few changes. We exited Agora (ticker: API) as we estimated that it has 25+% of evaporating revenue tied to online education use cases, but the management seemed to be evasive about the potential impact.”
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