Top 5 Stock Picks of Li Ran’s Half Sky Portfolio

3. Etsy, Inc. (NASDAQ:ETSY)

Li Ran’s Stake Value: $43.7 million

Percentage of Li Ran’s 13F Portfolio: 12.82%

Number of Hedge Fund Holders: 47

Etsy, Inc. (NASDAQ:ETSY) is an American e-commerce company specializing in handmade and vintage items and craft supplies. Etsy, Inc. (NASDAQ:ETSY) is headquartered in Brooklyn, New York, founded in 2005.

The most significant number of shares of Etsy, Inc. (NASDAQ:ETSY) is owned by Jim Simons’ Renaissance Technologies. The number of shares owned by the fund is 1.76 million, worth $362.93 million.

The investment management firm Polen Capital mentioned Etsy, Inc. (NASDAQ:ETSY) as its top contributor in the investor letter for the first quarter of 2021. Here is what the firm said:

“Etsy continued to be a top contributor in the Portfolio during the first quarter. Etsy experienced record levels of demand in 2020. Throughout the beginning of this year, the business has continued to see accelerated growth trends. The company’s recently announced fourth quarter results provided numerous data points that highlight Etsy’s success in both broadening and deepening the relationship it has with buyers and sellers on its platform. In fact, Etsy now stands as the fourth largest e commerce site in the US Repeat buyers have grown nearly 100% year-over-year, despite mask sales, which grew rapidly at the onset of the pandemic, shrinking to less than 5% of sales.

We continue to believe Etsy remains in the early stages of growing out its platform.

We remain confident in its ability to compound its value for shareholders at an attractive rate going forward.”