Amit Nitin Doshi’s Harbor Spring Capital Portfolio: Top 5 Stock Picks

In this article, we discuss the top 5 stock picks of Amit Nitin Doshi’s Harbor Spring Capital. If you want our detailed analysis of these stocks, go directly to Amit Nitin Doshi’s Harbor Spring Capital Portfolio: Top 10 Stock Picks. 

5. Workday, Inc. (NASDAQ:WDAY)

Harbor Spring Capital’s Stake Value: $35,984,000

Percentage of Harbor Spring Capital’s 13F Portfolio: 2.53%

Number of Hedge Fund Holders: 72

Workday, Inc. (NASDAQ:WDAY) is an American software company specializing in cloud-based software for financial management and human capital management. Harbor Capital Management holds a $35.9 million stake in Workday, Inc. (NASDAQ:WDAY) as of September this year, which represents 2.53% of the firm’s stock portfolio. 

As of the second quarter of 2021, 72 hedge funds in the database of elite funds maintained by Insider Monkey reported owning stakes worth $5.18 billion in Workday, Inc. (NASDAQ:WDAY). 

Brad Sills from BofA reported on November 15 that healthy upsell deals, a growing customer base, and improving demand for the upcoming quarters is in the works for Workday, Inc. (NASDAQ:WDAY). He consequently kept a Buy rating on the stock, raising the price target from $310 to $360.

Here is what ClearBridge Investments has to say about Workday, Inc. (NASDAQ:WDAY) in its Q1 2021 investor letter:

“In addition to the new issue market, we have been tactically adding growth exposure. We took advantage of the selloff in disruptors that comprise a large portion of the portfolio to initiate a position in enterprise software maker Workday.”