Jorge Paulo Lemann’s Hedge Fund 3G Is Betting On These 5 Stocks

In this piece, we will take a look at Jorge Paulo Lemann’s stock portfolio. If you want to go through our overview of Lemann, his firm, and the latest news revolving around 3G Capital, then you can go ahead to Jorge Paulo Lemann’s Hedge Fund 3G Is Betting On These Stocks.

5. Goosehead Insurance Inc. (NASDAQ:GSHD)

Number of Hedge Fund Investors: 26

3G Capital’s Q4 2023 Investment Value: $18.95 million

Goosehead Insurance, Inc. (NASDAQ:GSHD) operates as a provider of insurance agency search services in the United States, functioning as the holding company for Goosehead Financial, LLC.

On March 28, Piper Sandler revised its position on Goosehead Insurance Inc. (NASDAQ:GSHD), increasing the price target from $85 to $88 while upholding an Overweight rating on the stock. This adjustment comes amidst a recent decline in the company’s share price, attributed to anticipated short-term challenges in the first-quarter earnings. Nevertheless, the analyst at the firm remains optimistic, foreseeing Goosehead Insurance’s full-year results aligning with the company’s guidance.

In the fourth quarter, 3G Capital increased its stake in Goosehead Insurance Inc. (NASDAQ:GSHD) by 20%, concluding the period with 250,000 shares valued at approximately $18.95 million. Overall, 26 hedge funds reported holding stakes in the company during Q4 2023.