Top 3 Stock Picks of Colin Moran’s Abdiel Capital

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In this article, we will take a look at the Top 3 Stock Picks of Colin Moran’s Abdiel Capital. To read our analysis of Colin Moran’s profile, investment strategy, and 13F holdings, you can go to the Top 8 Stock Picks of Colin Moran’s Abdiel Capital.

3. Floor & Decor Holdings, Inc. (NYSE:FND)

Abdiel Capital’s Stake Value: $273,787,000

Percentage of Abdiel Capital’s 13F Portfolio: 18.44%

Number of Hedge Fund Holders: 29

Floor & Decor Holdings, Inc. (NYSE:FND) is a differentiated, high-growth, multi-channel specialty retailer of hard surface flooring and related accessories. It operates 174 large warehouse-format stores and 5 design studios across 34 states in the United States, offering tile, wood, laminate, vinyl, and natural stone flooring.

As of Q2 2022, Colin Moran’s Abdiel Capital holds 4,348,584 shares of Floor & Decor Holdings, Inc. (NYSE:FND), accounting for 18.44% of the hedge fund’s 13F portfolio. The hedge fund increased its stake by 2% in Q2 2022, as compared to the previous quarter.

In August, Floor & Decor Holdings, Inc. (NYSE:FND) released the financial results for the quarter ended June 30, 2022. Its net revenue increased by 27% y-o-y to $1.1 billion, while its net income shrunk by 1% y-o-y to $82 million, for the three months. It reported a normalized EPS of $0.76 for the quarter, beating the consensus by $0.03.

As of Q2 2022, 29 of the 895 hedge funds tracked by Insider Monkey held Floor & Decor Holdings, Inc. (NYSE:FND) shares, valued at a combined total of $901 million. Its largest hedge fund shareholder was Warren Buffett’s Berkshire Hathaway holding 4.8 million shares valued at $301 million.

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