Naval Ravikant’s Latest Investment Portfolio: 5 Companies to Watch

In this article, we discuss the 5 companies to watch in the latest investment portfolio of Naval Ravikant. If you want to read about some more stocks in the Ravikant portfolio, go directly to Naval Ravikant’s Latest Investment Portfolio: 10 Companies to Watch. 

5. Poshmark

Poshmark operates as a social commerce marketplace where users across the world can buy and sell new or used clothing, shoes, and accessories. The company is headquartered in California. Some of the prominent investors in the firm include Rachel Zoe, Ashton Kutcher, Naval Ravikant, and Shervin Pishevar, among others. Ravikant invested in the company in early 2015. The firm was founded in 2011 and launched an Android app in 2013. The platform has more than 80 million users.

Poshmark debuted on the market in early 2021 under the Poshmark, Inc. (NASDAQ:POSH) ticker. It has a market cap of around $982 million. At the end of the fourth quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $83 million in Poshmark, Inc. (NASDAQ:POSH), compared to 18 in the preceding quarter worth $40 million. Chicago-based Citadel Investment Group is a leading shareholder in the company with 1.1 million shares worth over $18.7 million. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Poshmark, Inc. (NASDAQ:POSH) was one of them. Here is what the fund said:

“We established seven new positions during the quarter, largely financed through trims in existing holdings whose market values have risen. Four of the additions (including Poshmark, Inc. (NASDAQ:POSH)) play roles in the accelerating digital transformation of the sales, marketing and customer development processes. Poshmark, Inc. (NASDAQ:POSH), in the consumer discretionary sector, is an e-commerce platform that replicates a physical shopping experience through a socially amplified platform.”