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

Published November 7, 2021 at 4:48 am EST Updated August 19, 2026 at 5:38 am EDT

In this article, we discuss the 9 stocks to buy according to Cyrus De Weck’s Portsea Asset Management based on Q2 holdings of the fund.

Cyrus de Weck established Portsea Asset Management after leaving QVT Financial, a multi-strategy specialist. Cyrus de Weck currently works at Portsea Asset Management LLP as its Chief Investment Officer.

Portsea Asset Management is a London-based hedge fund that invests throughout the capital structure and takes a multi-strategy approach concentrating on European markets.

Some of the notable stocks in Portsea’s Q2 portfolio included Yandex N.V. (NASDAQ:YNDX), Starz Acquisition Llc (NASDAQ:STRZA), and Payoneer Global Inc. (NASDAQ:PAYO).

With this background in mind, let’s start our list of 9 stocks to buy according to Cyrus De Weck’s Portsea Asset Management. We used Weck’s 13F portfolio for Q2 2021 for this analysis.

Source:Pixabay

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

9. TWC Tech Holdings II Corp. (NASDAQ:TWCTU)

Portsea Asset Management Stake Value: $3,738,000

Percentage of Portsea Asset Management’s 13F Portfolio: 2.05%

Number of Hedge Fund Holders: N/A

On August 30, TWC Tech Holdings II Corp. (NASDAQ:TWCTU), a special purpose acquisition company, and Cellebrite DI Ltd. (NASDAQ:CLBT), a global leader in Digital Intelligence solutions for the public and private sectors, completed their previously announced business combination.

Citi analyst Tyler Radke is bullish on Cellebrite DI Ltd.. He sees no danger in the firm maintaining 20%+ revenue growth until FY24. On October 20, the analyst initiated coverage of Cellebrite with a “Buy” rating and gave a price target of $15.

8. NeoGames S.A. (NASDAQ:NGMS)

Portsea Asset Management Stake Value: $8,939,000

Percentage of Portsea Asset Management’s 13F Portfolio: 4.9%

Number of Hedge Fund Holders: 11

NeoGames S.A. (NASDAQ:NGMS), a major global iLottery provider, recently announced the start of a multi-year partnership with Lottomatica to bring award-winning content to its popular platforms.

Cyrus De Weck’s Portsea Asset Management bought 145,418 shares of NeoGames S.A. in the second quarter of 2021.

At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $63.23 million in NeoGames S.A., up from 9 the preceding quarter worth $52.95 million.

7. JOFF Fintech Acquisition Corp. (NASDAQ:JOFFU)

Portsea Asset Management Stake Value: $10,409,000

Percentage of Portsea Asset Management’s 13F Portfolio: 5.71%

Number of Hedge Fund Holders: N/A

JOFF Fintech Acquisition Corp. (NASDAQ:JOFFU) specializes in bringing together one or more companies through a merger, capital stock exchange, stock purchase, asset acquisition, reorganization, or similar business combinations. The company was established in the year 2020, and it is based in New York.

6. BTRS Holdings Inc. (NASDAQ:BTRS)

Portsea Asset Management Stake Value: $13,998,000

Percentage of Portsea Asset Management’s 13F Portfolio: 7.68%

Number of Hedge Fund Holders: 21

BTRS Holdings Inc. (NASDAQ:BTRS), cloud-based software and integrated payment processing solutions provider, paid $58 million to acquire iController, a B2B supplier of intelligent collections management solutions. Robert Joseph Caruso’s Select Equity Group is the company’s most significant shareholder, with 4.66 million shares worth $58.86 million.

On August 24, BofA analyst Jason Kupferberg commenced coverage of BTRS Holdings Inc., rating the stock as “Buy” and giving a price target of $13.

Cyrus De Weck’s Portsea Asset Management raised its position in BTRS Holdings Inc. by 4% to 1.11 million shares in the second quarter, accounting for just over 7.68% of the overall portfolio.

Yandex N.V., Starz Acquisition Llc, and Payoneer Global Inc. are some of the stocks to buy according to Cyrus De Weck’s Portsea Asset Management, just like BTRS Holdings Inc..

5. Yandex N.V. (NASDAQ:YNDX)

Portsea Asset Management Stake Value: $17,370,000
Percentage of Portsea Asset Management’s 13F Portfolio: 9.53%
Number of Hedge Fund Holders: 31

Yandex N.V., the Russian internet behemoth, declared in August that it would buy Uber’s interests in their joint food tech, delivery, and self-driving firms for $1 billion, as well as increase its stake in their ride-hailing joint venture.

Yandex N.V. is the latest addition in Cyrus De Weck’s hedge fund portfolio, as Portsea Asset Management bought 245,515 shares worth $17.37 million.

In its second-quarter 2021 investor letter, Polen Capital Management mentioned Yandex N.V.. Here is what the fund said:

“From a country perspective, weak performance from Russian companies Yandex drove relative performance lower. Yandex is the leading internet search platform in Russia and was the top detractor from both absolute and relative performance this quarter. This underperformance came about despite solid results in 2020 which showed Yandex’s total e-commerce gross merchandise value grew three-fold in 2020 to over ₽56 billion RUB. Specifically, in the fourth quarter of 2020, Yandex saw year-on-year growth of 127%.

In our view, Yandex is one of the highest quality businesses in our investment universe. It has built a defensible competitive moat around its core search business, reinvesting its cash flows in new growth areas to remain relevant in a fast-changing global internet landscape.

We think Yandex benefits from an innovative and forward-thinking management team, which is shaping the development of Russian internet.

With solid execution, Yandex has the potential to transform into an ecosystem which the company’s Chief Technology Officer describes as the “Silicon Valley of Russia.” Yandex remains a topfive holding in the Portfolio.”

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. 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. shares for $20.53 million, making it a fresh addition to its portfolio.

In October, Payoneer Global Inc. 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. with 7.89 million shares worth more than $81.86 million.

3. Repay Holdings Corporation (NASDAQ:RPAY)

Portsea Asset Management Stake Value: $32,521,000
Percentage of Portsea Asset Management’s 13F Portfolio: 17.84%
Number of Hedge Fund Holders: 17

Veem partnered with Repay Holdings Corporation (NASDAQ:RPAY), which provides integrated payment processing solutions. The partnership would enable the firm to tap into a larger portion of the vast global B2B payments industry, which is now valued at over $125 trillion and is expected to expand to $200 trillion over the next decade.

In the second quarter of 2021, Repay Holdings Corporation’s earnings per share came in at $0.34, comfortably beating the estimates by $0.20.

As of Q2 2021, 17 hedge funds have positions in Repay Holdings Corporation, compared with 15 in the previous quarter. ROAM Global Management is the leading shareholder of the company with 198,356 shares worth $4.77 billion.

2. Eventbrite, Inc. (NYSE:EB)

Portsea Asset Management Stake Value: $35,175,000
Percentage of Portsea Asset Management’s 13F Portfolio: 19.3%
Number of Hedge Fund Holders: 25

Eventbrite, Inc. (NYSE:EB) recently reported earnings for the third quarter, posting earnings per share of -$0.22, beating market predictions by $0.12. The revenue over the period was $46.31 million, up 451.3% year-on-year. Eventbrite is a self-service ticketing and experience technology platform that caters to event organizers in the United States and throughout the world. The company’s paid ticket volume has increased by 57% since the first quarter of 2021, owing to a return of in-person events.

At the end of the second quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $298.64 million in Eventbrite, Inc., up from 24 in the previous quarter worth $351.56 million. The hedge fund managed by Cyrus De Weck owns more than 1.85 million shares in Eventbrite, Inc., worth $35.18 million, representing close to 19.3% of their portfolio. In addition, Portsea Asset Management has increased its stake in the firm by 14% in the second quarter of 2021.

Artisan Partners, in its second-quarter 2021 investor letter, mentioned Eventbrite, Inc.. Here is what the fund said:

“Eventbrite is the largest software and ticketing platform helping event creators plan, promote and produce live events in small-and-mid markets. The company generates revenue by charging a per-ticket fee on paid tickets and has a strong foothold in the small-and-mid markets—nearly 20X the size of the next largest competitor. We believe Eventbrite is well-positioned to benefit from a sharp increase in demand for live events amid the broader re-opening of the US economy—a dynamic it has already witnessed in Australia with live events bouncing back to approximately 90% of 2019 levels. We expect this to be amplified by significant cost cuts made during the pandemic (>30% of 2019 revenue) remaining in place. Longer term, we believe Eventbrite should benefit from the secular trend toward consumer experiences, an industry growing over 8% per year prior to the pandemic.”

1. Starz Acquisition Llc (NASDAQ:STRZA)

Portsea Asset Management Stake Value: $38,936,000
Percentage of Portsea Asset Management’s 13F Portfolio: 21.37%
Number of Hedge Fund Holders: 18

Starz Acquisition Llc is a media and entertainment firm based in Colorado. Starz was purchased by Lions Gate Entertainment Corp. (NYSE:LGF-A) for $4.4 billion in cash and shares. The merger aimed to boost its content development skills, strengthen its position as a leader in premium scripted television, and expand its global distribution presence.

Legendary investor and billionaire Warren Buffett’s Berkshire Hathaway is the biggest stakeholder in Starz Acquisition Llc out of the 873 hedge funds tracked by Insider Monkey as of the end of the second quarter. The Oracle of Omaha owns 43.21 million shares of the company, worth over $2 billion.

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