Billionaire Jorge Paulo Lemann’s Top 5 Stock Picks

4. Snowflake Inc. (NASDAQ: SNOW)

Like Warren Buffett and several other big investors, Billionaire Jorge Paulo Lemann bought Snowflake Inc. (NASDAQ: SNOW) shares on its initial public offerings. Shares of the cloud-based data platform provider rallied in Q4, but failed to sustain gains in 2021. SNOW stock price is down 21% year to date.

In a Q3 investor letter, Baron Opportunity Fund made bullish comments about Snowflake’s fundamentals. Here is what Baron Opportunity Fund said:

“Snowflake Inc. provides a data-warehouse platform for large-scale data analytics and storage. The company is leveraging its cloud-native architecture to offer low-cost storage, scalability, and ease of use that are lacking in many competitive solutions. We participated in the company’s September IPO and the stock has performed well in the after-market. We believe Snowflake has a significant growth runway within its large addressable market given its differentiated technology, platform approach, and highly experienced management team. Snowflake’s CEO Frank Slootman and CFO Michael Scarpelli have successfully partnered at several public technology companies, including ServiceNow, a long-term Fund investment.”