Top 5 Stock Picks of David Halpert’s Prince Street Capital Management

3. Sea Limited (NYSE:SE)

Prince Street Capital Management Stake Value: $16,446,000
Percentage of Prince Street Capital Management’s 13F Portfolio: 10.23%
Number of Hedge Fund Holders: 104

Sea Limited (NYSE:SE) is a Singapore-based e-commerce, payments, and online-gaming firm. As of the third quarter of 2021, Prince Street Capital Management has 51,600 shares in Sea Limited (NYSE:SE), valued at $16.45 million. The company accounts for 10.23% of the 13F portfolio.

Of the 873 elite funds tracked by Insider Monkey, 104 held stakes in Sea Limited (NYSE:SE), worth more than $12.21 billion.

Tao Value, an investment management firm, in its second-quarter 2021 investor letter, mentioned Sea Limited (NYSE:SE). Here is what the fund said:

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”