5 Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann’s 3G Capital

In this article, we will discuss 5 stocks to buy according to Brazilian billionaire Jorge Paulo Lemann’s 3G Capital. If you want to read our detailed analysis of Lemann’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann’s 3G Capital.

5. Snowflake Inc. (NYSE: SNOW)

Lemann’s Stake Value: $21,762,000
Percentage of Jorge Paulo Lemann’s 13F Portfolio: 5.62%
Number of Hedge Fund Holders: 63

Snowflake Inc. (NYSE: SNOW) delivers a cloud-based data platform internationally. It was founded in 2012 and is placed fifth on the list of 10 stocks to buy according to Brazilian billionaire Jorge Paulo Lemann’s 3G Capital. Snowflake Inc. (NYSE: SNOW) shares have gained about 19.60% in value over the last 3 months.

On August 23, Rosenblatt analyst Blair Abernethy raised the price target on Snowflake Inc. (NYSE: SNOW) to $295 from $265 and maintained a “Buy” rating on the shares. 

On August 25, Snowflake Inc. (NYSE: SNOW) posted earnings for the second quarter of 2021. The revenue over the period was $272.2 million, that doubled YoY, surpassing the predictions by $15.5 million. The loss per share was $0.64 as compared to $0.70 per share loss reported last year. For the quarter the product revenue increased 103% YoY to $254.6 million.

The hedge fund chaired by Jorge Paulo Lemann holds 90,000 shares in Snowflake Inc. (NYSE: SNOW) worth over $21.76 million. In addition, 3G Capital stake in Snowflake Inc. (NYSE: SNOW) shares increased by 125% in the second quarter of 2021. Out of the hedge funds being tracked by Insider Monkey, Altimeter Capital Management is a leading shareholder in Snowflake Inc. (NYSE: SNOW) with 24.95 million shares worth more than $6.03 billion.

RiverPark Funds, in its first-quarter 2021 investor letter, mentioned Snowflake Inc. (NYSE: SNOW). Here is what the fund said:

“We also established a position in Snowflake during the quarter. Snowflake offers cloud-based data storage and analytics, generally termed “data warehouse-as-a-service.” The data warehousing market—created by the massive, growing amount of user, customer, and account data and the need to search and analyze it—has historically stored its data on physical servers located on-premises. The cloud data platform market—storing data off-premises on cloud servers—is a relatively new $70 billion+ market. Significantly, incremental warehouse data capacity and renewals are expected to be driven by and to the cloud, with more than 75% of databases in the cloud by 2022.…” (Click here to see the full text)