In this article, we will be looking at the 5 stocks Ben Jacob is currently buying. If you want to see our comprehensive analysis of Jacobs’ history and hedge fund performance, go directly to Ben Jacobs’ Anomaly Capital is Buying These 10 Stocks.
5. Fiserv Inc (NASDAQ:FISV)
Jacobs’ Stake Value: $ 102,846,000
Percentage of Ben Jacobs’ 13F portfolio: 6.49%
Number of Hedge Fund Holders: 72
Fiserv Inc (NASDAQ: FISV) ranks 5th on Ben Jacobs’ list of top stocks to buy. The firm deals in the provision of financial services technology, and operates through its three segments: Financial Technology, Merchant Acceptance, and Payments and Network.
Ben Jacobs’ hedge fund Anomaly Capital Management holds 962,166 shares in the fin-tech company as of Q2, amounting to a value of $102.84 million which represents 6.49% of the fund’s overall portfolio, according to Q2 2021 data.
4. Lyft Inc (NASDAQ:LYFT)
Jacobs’ Stake Value: $ 120,926,000
Percentage of Ben Jacobs’ 13F portfolio: 7.63%
Number of Hedge Fund Holders: 43
Ben Jacobs’ Anomaly Capital Management holds 1,999,437 shares in Lyft Inc (NASDAQ: LYFT) amounting to $120.92 million, which represents 7.63% of the fund’s overall portfolio.
With the world continuing to recover from pandemic disruptions, growing demand for rideshare could signal a positive recovery for Lyft Inc (NASDAQ: LYFT), as the company’s financials remained resilient even through turbulent times.
On 14th October, research firm RBC Capital maintained its ‘Outperform’ rating on Lyft Inc (NASDAQ: LYFT) stock, setting price target at $65.0.
In the second quarter of 2021, 43 hedge funds out of the 873 tracked by Insider Monkey held $1.38 billion worth of positions in Lyft Inc (NASDAQ: LYFT) . In contrast, 60 hedge funds held $1.95 billion worth of positions in the previous quarter.
ClearBridge Investments, in its Q2 2021 investor letter, mentioned Lyft Inc (NASDAQ: LYFT). Here is what the investment management firm had to say:
“We also added to our disruptors exposure in the second quarter with the purchase of Lyft, a leading, U.S. focused ride-hailing
business. Lyft operates in a rational duopoly with Uber and has been able to maintain consistent 30%–35% market share for the past several years. The company should be a key beneficiary of the U.S. reopening, with a post-COVID-19 recovery in rideshare demand driving an acceleration in volumes and revenue. We also see considerable runway for growth beyond this rebound, as rideshare remains underpenetrated. Lyft’s ability to weather a period of significant demand destruction in 2020 is encouraging and we see opportunity for margin expansion ahead. Despite volatility created by ongoing labor negotiations, we see the potential for new, state-level legislation creating collective bargaining rights for gig economy workers to provide greater
certainty around industry labor costs, with increases that should be manageable.”
3. Builders FirstSource Inc (NYSE:BLDR)
Jacobs’ Stake Value: $ 132,380,000
Percentage of Ben Jacobs’ 13F portfolio: 8.35%
Number of Hedge Fund Holders: 60
Builders FirstSource Inc (NYSE: BLDR) is a Texas-based company dealing in the provision of building materials and constructions services, and ranks 3rd on Ben Jacobs’ list of top stocks to buy. According to data for the second quarter of 2021, Anomaly Capital Management holds 3,103,152 shares worth $132.38 million in the company, which amounts to 8.35% of the fund’s total holdings.
Out of the 873 hedge funds tracked by Insider Monkey, 60 hedge funds hold positions worth $1.94 billion in Builders FirstSource Inc (NYSE: BLDR) for the second quarter of 2021.
2. Palo Alto Networks Inc (NYSE:PANW)
Jacobs’ Stake Value: $ 143,889,000
Percentage of Ben Jacobs’ 13F portfolio: 9.08%
Number of Hedge Fund Holders: 69
Palo Alto Networks Inc (NYSE: PANW) ranks 2nd on Ben Jacobs’ list of top stocks to buy. The company provides security networking solutions to a range of business and government entities worldwide. It is headquartered in California.
On 11th October, research firm Wedbush kept its ‘Outperform’ rating on the stock, raising the price target to $600 from $470.
Ben Jacobs’ Anomaly Capital Management holds 387,790 shares worth $143.88 million in Palo Alto Networks Inc (NYSE: PANW) stock, representing a 9.08% slice of the fund’s total holdings.
1. Expedia Group Inc (NASDAQ:EXPE)
Jacobs’ Stake Value: $ 144,100,000
Percentage of Ben Jacobs’ 13F portfolio: 9.09%
Number of Hedge Fund Holders: 87
Expedia Group Inc (NASDAQ: EXPE) is an online travel company which operates through its segments: B2B, Retail and Trivago. The firm includes popular tourism websites Hotels.com and Expedia.com in its brand portfolio.
The company ranks 1st on Ben Jacobs’ list of top stocks to buy. Jacobs’ hedge fund Anomaly Capital Management owns 880,216 shares in Expedia Group Inc (NASDAQ: EXPE) worth $144.10 million, representing 9.09% of the fund’s total holdings, according to data for Q2 2021.
In September, research firm Goldman Sachs initiated its coverage on Expedia Group Inc (NASDAQ: EXPE), giving the company a ‘Buy’ rating and setting a $185 price target.
You can also take a peek at the 14 Best Internet of Things Stocks To Buy Now and Billionaire Izzy Englander’s Top 10 Stock Picks.
