Top 5 Stock Picks of Girish Kumar’s TenCore Partners

4. DoorDash, Inc. (NYSE:DASH)

Girish Kumar’s TenCore Partners’ Stake Value: $63,203,000

Percentage of Girish Kumar’s TenCore Partners’ 13F Portfolio: 8.73%

Number of Hedge Funds: 42

Stock Price as of December 31: $148.90

DoorDash, Inc. (NYSE:DASH) is the biggest food delivery company in the US with over 55% market share. The San Francisco, California-based company initiated an ultra-fast 15-minutes or less delivery service in New York in December 2021. The orders are fulfilled by DashMarts, virtual convenience stores with an inventory of 2,000 essential household items. DoorDash, Inc. (NYSE:DASH) went public in December 2020 and has been a part of Girish Kumar’s TenCore Partners’ hedge fund portfolio since Q4 2020.

On December 15, Doug Anmuth at JPMorgan kept a Neutral rating with a price target of $175 on DoorDash, Inc. (NYSE:DASH). Owing to increased digitalization across the economy,  Doug believes that internet companies are now better positioned as opposed to before the arrival of the COVID-19 pandemic. He further shared that an integral factor influencing stock price performance and volatility will be related to the operations of the specific organizations as we move towards normalization.

Out of the 867 hedge funds in Insider Monkey’s database, 42 funds reported owning a stake in DoorDash, Inc. (NYSE:DASH) at the end of Q3 2021, down from 45 in the previous quarter.