5 Stocks to Buy According to Cyrus De Weck’s Portsea Asset Management

4. Payoneer Global Inc. (NASDAQ:PAYO)

Portsea Asset Management Stake Value: $20,527,000
Percentage of Portsea Asset Management’s 13F Portfolio: 11.26%
Number of Hedge Fund Holders: 40

Payoneer Global Inc. (NASDAQ:PAYO) is a global payment and commerce platform that offers international payments and other services via APIs, as well as web, mobile, and machine learning infrastructure. In the second quarter of 2021, Portsea Asset Management purchased around 1.98 million Payoneer Global Inc. (NASDAQ:PAYO) shares for $20.53 million, making it a fresh addition to its portfolio.

In October, Payoneer Global Inc. (NASDAQ:PAYO) and Coupang, Inc. (NYSE:CPNG) launched a new partnership to make it easier for international vendors to expand and sell in South Korea.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Payoneer Global Inc. (NASDAQ:PAYO) with 7.89 million shares worth more than $81.86 million.