We recently published a list of Top 10 Stocks to Buy According to Think Investments. In this article, we are going to take a look at where ICICI Bank Limited (NYSE:IBN) stands against other top stocks to buy according to Think Investments.
Think Investments is an investment firm based in San Francisco, with additional offices in Singapore and India. The firm focuses on long-term investments in both public and private companies, emphasizing creative research to identify high-potential opportunities. Specializing in technology-driven early-stage businesses, Think Investments partners with its strong management teams to build differentiated companies that generate high returns on invested capital. With a deep understanding of emerging markets and global technology, the firm is well-positioned to navigate complex investment landscapes.
Founded in 2013 by Shashin Shah, Think Investments has established itself as a key player in global markets. The firm has over $1 billion invested in Indian companies operating in the financial services, healthcare, technology, and consumer sectors. Think’s investment strategy is guided by Shah’s extensive experience in global equity markets, ensuring a disciplined approach to capital allocation. The firm’s commitment to long-term value creation has made it a trusted partner for relatively young companies looking to scale efficiently.
Shashin Shah, Founder and Managing Partner, brings decades of expertise in global investing. Before launching Think Investments, he was a partner at Valiant Capital, where he managed multiple international markets, including India, the U.S., Europe, Asia, the Middle East, and North Africa. Shah also worked at Blue Ridge Capital and Morgan Stanley, further honing his investing skills. His academic background includes a bachelor’s degree in computer engineering from the University of Mumbai and an MBA from the University of Texas, equipping him with a strong analytical and financial foundation.
In addition to leading Think Investments, Shah plays an active role in shaping the growth of innovative companies. He currently serves on the boards of Chaayos, a tea café chain, and Dream11, India’s leading fantasy sports platform. His leadership and strategic insights continue to drive Think’s success, solidifying its reputation as a premier investment firm in global markets.
As of its latest filing for the fourth quarter of 2024, Think Investments reported managing approximately $454.51 million in 13F securities, of which the firm’s top ten holdings account for 80.57%.
Our Methodology
The stocks discussed below were picked from Think Investments’ Q4 2024 13F filings. They are compiled in the ascending order of the hedge fund’s stake in them as of December 31, 2024. To assist readers with more context, we have included the hedge fund sentiment regarding each stock using data from 1009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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ICICI Bank Limited (NYSE:IBN)
Number of Hedge Fund Holders as of Q4: 32
Think Investments’ Equity Stake: $38.58 Million
Founded in 1994, ICICI Bank Limited (NYSE:IBN) is an Indian multinational bank and financial services company headquartered in Mumbai. The company’s primary source of revenue is the interest income generated from its extensive range of loan products, such as home loans, personal loans, automobile loans, and financing for SMEs and corporate clients.
On January 27, ICICI Bank Limited (NYSE:IBN) reported its net income for the third quarter of fiscal 2025 ended on Dec. 31, 2024, of INR 117.9 billion ($1.4 billion), demonstrating growth of 14.8% year-over-year. This increase was attributed to a rise in net interest income, non-interest income, and growth in loans and deposits, despite higher operating expenses and provisions.
A group of employees who alleged that they were unfairly dismissed by ICICI Bank Limited (NYSE:IBN) met with Rahul Gandhi, Leader of the Opposition in India, to voice their grievances on March 28. The meeting took place at Gandhi’s office in the Parliament House Complex, where the delegation shared personal accounts of their abrupt terminations, often occurring during periods of medical leave or after raising concerns about management practices.
According to the Congress party, the employees claimed that their dismissals were not isolated incidents but followed a pattern within the private banking sector in the country. They argued that such actions originate from increasing pressure on banks to maximize profits at the cost of employee rights and well-being. These testimonies highlighted the banking sector’s lack of accountability and fairness in the handling of employment matters.
As of Q4 2024, Think Investments holds nearly 1.3 million shares in ICICI Bank Limited (NYSE:IBN). This stake is now valued at approximately $38.58 million, making ICICI Bank the 6th most valuable holding in Shashin Shah’s portfolio. For the quarter that ended in December 2024, 32 out of 1,009 funds tracked by Insider Monkey held positions worth $3.32 billion in the company.
Overall, IBN ranks 5th on our list of top stocks to buy according to Think Investments. While we acknowledge the potential of IBN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IBN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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