In this article, we discuss billionaire Dan Loeb’s top 5 stock picks. For Loeb’s investment philosophy and his comments on certain stocks please see Billionaire Dan Loeb’s Top 10 Stock Picks.
5. Upstart Holdings, Inc. (NASDAQ: UPST)
Percent of Dan Loeb’s 13F Portfolio: 4.01%
Number of Hedge Fund Holders: 15
Upstart is a new addition in billionaire Dan Loeb’s hedge fund, as Third Point bought 750,000 shares of the company, worth $496.16 million. Upstart is a lending marketplace that uses AI to gauge credit worthiness of customers and connect them to banks. Upstart stock is up 52% over the last 12 months. The company went public in December 2020, raising $180 million through the offering after it sold 9 million shares.