5 Stocks to Buy Based on Michael Pausic’s Foxhaven Asset Management Portfolio

In this article, we discuss the top 5 stocks to buy based on Michael Pausic’s Foxhaven Asset Management portfolio. If you want our detailed analysis of these stocks, go directly to the 10 Stocks to Buy Based on Michael Pausic’s Foxhaven Asset Management Portfolio.

5. Twilio Inc. (NYSE:TWLO)

Foxhaven Asset Management’s Stake Value: $272.4 million

Percentage of Foxhaven Asset Management’s 13F Portfolio: 7.85%

Number of Hedge Fund Holders: 96

Twilio Inc. (NYSE:TWLO) is a communications company that provides cloud communication services to its customers. Some of the major clients of the company are eBay Inc. (NASDAQ:EBAY), Uber Technologies, Inc. (NYSE:UBER), and Airbnb, Inc. (NASDAQ:ABNB).

As per Insider Monkey’s database, 96 hedge funds held stakes in Twilio Inc. (NYSE:TWLO) worth $6.37 billion in the third quarter of 2021, with the most significant stake by Cathie Wood’s ARK Investment Management. Wood’s firm owns 3.2 million shares of the company worth more than $1 billion.

The investment management firm Lakehouse Capital mentioned Twilio Inc. (NYSE:TWLO) in their second-quarter 2021 investor letter. Here are the contents of the letter:

“The Fund held 20 positions as of the end of June and exited four during the year (including) Twilio. The companies we exited were sold almost entirely on the basis of their valuations getting stretched well past their norms and to levels where the return profile no longer offered the asymmetric upside that led us to invest in the first place. We dislike selling on valuation as great growth companies are hard to find and letting winners run is an important facet of a winning growth strategy, however, we’re not gluttons for punishment either and in each of those cases we redeployed capital towards other high-quality growth companies with less demanding valuations.”