Billionaire Stephen Mandel’s Top 5 Stock Picks

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1. Shopify Inc. (NYSE: SHOP)

Value: $2,032,179,000
Percent of Stephen Mandel’s 13F Portfolio: 7.38%
Number of Hedge Fund Holders: 90

Shopify Inc. is the largest stock holding in Stephen Mandel’s portfolio. The billionaire has a $2.03 billion stake in the company. Shopify’s platform is used by over 1 million merchants to sell a diverse range of items including clothing, books, food, fashion products and more.

Hedge funds are showing an increased interest in Shopify. In the fourth quarter of 2020, there were 90 hedge funds that hold a position in Shopify compared to 81 funds in the third quarter. The biggest stakeholder of the company is Lone Pine Capital, with 7.8 million shares, worth $2.03 billion.

You can also take a peek at Billionaire Carl Icahn’s Top 10 Picks and Cathie Wood’s Top 10 Stock Picks.

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