5 Stocks to Buy According to Himanshu Gulati’s Antara Capital

2. Innoviz Technologies Ltd. (NASDAQ:INVZ)

Antara Capital Stake Value: $52,607,000
Percentage of Antara Capital’s 13F Portfolio: 2.59%
Number of Hedge Fund Holders: 22

Innoviz Technologies Ltd. (NASDAQ:INVZ) is a maker of high-performance solid-state LiDAR sensors and perception software for autonomous cars in mass manufacturing. Innoviz Technologies Ltd. (NASDAQ:INVZ) announced on March 8 that their LiDAR sensors would run on the BlackBerry Limited (NYSE:BB) QNX Automotive Operating System.

Antara Capital owned more than 6.77 million shares of Innoviz Technologies Ltd. (NASDAQ:INVZ), valued at over $52.61 million, representing 2.59% of the hedge fund’s Q4 portfolio. The hedge fund cut its stake in the firm by 4% compared to the third quarter of 2021. Antara Capital is the leading shareholder of Innoviz Technologies Ltd. (NASDAQ:INVZ).

The number of hedge funds tracked by Insider Monkey having stakes in Innoviz Technologies Ltd. (NASDAQ:INVZ) grew to 22 in Q4, up from 13 in the preceding quarter. These hedge funds hold a consolidated value of $116.90 million, up from $76.31 million.