Billionaire Paul Singer’s Top 5 Stock Picks

3. Twitter, Inc. (NYSE:TWTR)

Paul Singer’s Stake Value: $688 million

Percentage of  Paul Singer’s 13F Portfolio: 5.29%

Number of Hedge Fund Holders: 89

Twitter, Inc. (NYSE:TWTR) is a popular social media platform headquartered in the United States that allows its users to communicate with each other by sharing brief snippets of information and also by sharing videos and other content such as news items.

Paul Singer’s Elliot Management Capital held 10 million shares of the company by the end of the second in a stake worth a whopping $688 million that represented 5.29% of the investment firm’s holdings. During the same time period, out of the 873 hedge funds polled by Insider Monkey, 89 held a stake in Twitter, Inc. (NYSE:TWTR).

In its second quarter investor letter, ClearBridge Investments had the following to say about the company:

“Not every portfolio company will neatly fit into one of these four growth segments and some may move from one to another over time. Social media platform Twitter could be considered an improving growth story due to the initiatives put in place to grow and better monetize its user base. With the global return of live events and sports causing a rebound in advertising, combined with other new services beginning to thrive, this is a company with the fundamentals to be categorized as a disruptor.”