3. Grab Holdings (NASDAQ:GRAB)
Number of Hedge Fund Investors: 50
Grab Holdings (NASDAQ:GRAB) is Southeast Asia’s dominant super-app spanning ride-hailing, food delivery, grocery delivery, and financial services including digital banking, lending, and payments. Social media believes the stock has 10x potential because it is tapped into some of the highest-growth consumer markets in Asia, operating across ASEAN cities in Singapore, the Philippines, Indonesia, Malaysia, Thailand, Vietnam, and now Taiwan. Grab has already given Uber a tough time — Uber sold its Southeast Asia business to Grab in 2018 — and more recently forced Delivery Hero to the table, acquiring its Foodpanda Taiwan subsidiary for $600 million cash, marking Grab Holdings’ (NASDAQ:GRAB) entry into its ninth market.
In Q1 2026, revenue rose 23.4% YoY, with mobility GMV up 23% and deliveries GMV up 25%. Full year 2026 guidance points to revenue growth of about 20% to 22%.
Beyond its core markets, Grab Holdings (NASDAQ:GRAB) acquired Stash, a US-based digital investing platform, marking its first expansion into North America and adding an investing product to its growing fintech portfolio. The company is also partnering with independent metered taxis, allowing cab drivers to toggle onto the Grab app to accept passengers, which could allow Grab Holdings (NASDAQ:GRAB) to capture budget-conscious riders and segment pricing across multiple income classes.
SGA Emerging Markets Growth Strategy stated the following regarding Grab Holdings Limited (NASDAQ:GRAB) in its fourth quarter 2025 investor letter:
“Grab Holdings Limited (NASDAQ:GRAB) was a detractor during the quarter despite delivering solid Q3 results and raising full-year revenue guidance. The results were balanced across user and transaction growth, revenues, and margins, with growth in gross merchandise value and monthly transacting users accelerating from last quarter. At the segment level growth was solid in mobility and deliveries, but challenges in its newer fintech segment persisted as operating losses increased due to higher provisions. Management guided for the fintech segment to breakeven by the second half of 2026, and although we remain uncertain about the timeline, rumors of a potential merger with competitor GoTo would expand the size of Grab’s user base and fintech opportunity. We believe Grab’s delivery and ridesharing businesses remain well positioned for predictable growth and margin expansion opportunities supported by the company’s strong brand, diversified platform, and scale advantages. We expect Grab to deliver high-teens revenue growth over the next three years as the company continues to improve efficiency and expand monetization opportunities. We added to the position during the quarter, maintaining an average weight.”
