Billionaire David Tepper’s 5 Newest Stock Picks

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In this article, we discuss billionaire David Tepper’s 5 newest stock picks. If you want to read our detailed analysis of David Tepper’s investment strategy, go directly and see Billionaire David Tepper’s 10 Newest Stock Picks

5. Paysafe Limited (NYSE:PSFE)

Appaloosa Management LP’s Stake Value: $102,935,000
Percent of Appaloosa Management LP’s 13F Portfolio: 2.13%
Number of Hedge Fund Holders: 50

Paysafe Limited (NYSE:PSFE) ranks fifth on our list of billionaire David Tepper’s newest stock picks. It is a British online payments company that offers payment solutions to its consumers in over 40 countries. 

Appaloosa Management bought 10 million shares in Paysafe Limited (NYSE:PSFE) in Q1 2021. As of Q2 2021, the hedge fund owns 8.5 million shares in the company, valued at $102.9 million. The company represents 2.13% of the fund’s 13F portfolio. In August, BofA initiated its coverage on Paysafe Limited (NYSE:PSFE) with a ‘Buy’ rating and a $15 price target due to the company’s strong position in the rapidly growing iGaming market in the U.S. In Q2 2021, Paysafe Limited (NYSE:PSFE) reported revenue of $384.3 million, showcasing a 12.7% year-over-year growth. 

As of Q2 2021, 50 hedge funds tracked by Insider Monkey have positions in Paysafe Limited (NYSE:PSFE), up from 41 in the previous quarter. The total value of these stakes is $1.12 billion. 

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