5 Top Stock Picks of Billionaire Seth Klarman

In this article, we discuss the 5 top stock picks of billionaire Seth Klarman. If you want to read about some stocks in the Klarman portfolio, go directly to 10 Top Stock Picks of Billionaire Seth Klarman.

5. Dropbox, Inc. (NASDAQ:DBX)

Number of Hedge Fund Holders: 32 

Dropbox, Inc. (NASDAQ:DBX) provides a content collaboration platform worldwide. Latest data shows that Baupost Group owned more than 7.8 million shares of Dropbox, Inc. (NASDAQ:DBX) at the end of the second quarter of 2022 worth over $164 million, representing 2.42% of the portfolio.  

On September 12, KeyBanc analyst Thomas Blakey initiated coverage of Dropbox, Inc. (NASDAQ:DBX) stock with an Overweight rating and a $30 price target, highlighting that workflow and add-on services were likely to decrease churn for the firm. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in Dropbox, Inc. (NASDAQ:DBX), with 9.6 million shares worth more than $201 million. 

In its Q2 2022 investor letter, Arch Capital, an asset management firm, highlighted a few stocks and Dropbox, Inc. (NASDAQ:DBX) was one of them. Here is what the fund said:

“In March, we decided to buy Dropbox, Inc. (NASDAQ:DBX) with some of our cash position. We had sold the stock in 2021 due solely to valuation concerns, but with the stock cratering in early 2022, we decided to revisit the company. It turns out, the business was still as strong as ever. If you want more detail on why we like Dropbox, you can read our report from back in Q1 here.”