Top 5 Stock Picks of Ali Motamed’s Invenomic Capital Management

2. Stride, Inc. (NYSE:LRN)

Invenomic Capital Management Stake Value: $8,957,000
Percentage of Invenomic Capital Management’s 13F Portfolio: 2.9%
Number of Hedge Fund Holders: 21

Stride, Inc. (NYSE:LRN) is a tech-based educational firm that provides proprietary and third-party curriculum, software systems, and educational services.

Invenomic Capital Management made its first investment in Stride, Inc. (NYSE: LRN) during the fourth quarter of 2020, worth $4.64 million. In the third quarter of 2021, the fund managed shares worth $8.96 million in the company, which represented 2.9% of the hedge fund’s 13F portfolio.

At the end of the third quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $145.36 million in Stride, Inc. (NYSE: LRN).