Billionaire Stephen Mandel’s Top 5 Stock Picks

2. Coupa Software Incorporated (NASDAQ: COUP)

Value: $1,430,439,000
Percent of Stephen Mandel’s 13F Portfolio: 5.19%
Number of Hedge Fund Holders: 62

Coupa Software ranks 2nd on the list of billionaire Stephen Mandel’s top 10 stock picks. The company makes software and tools that help businesses increase visibility into their spending and expenses. Some famous software products made by the company include Ariba, Tradeshift, Tipalti and Ivalua. In the fourth quarter, the company’s revenue jumped a whopping 47% to $163.54 million. The company also posted a surprise profit of $0.17 per share, as analysts were expecting a loss of $0.28 per share.

Lone Pine Capital is one of the 62 hedge funds tracked by Insider Monkey having stakes in COUP at the end of the fourth quarter. The fund owns over 4.2 million shares of the company.