In this article, we discuss the top 5 stock picks of Li Ran’s Half Sky portfolio. If you want to read our detailed analysis of Li Ran’s history and hedge fund performance, go directly to Li Ran’s Half Sky Portfolio: Pinterest, Facebook, and More.
5. General Mills, Inc. (NYSE:GIS)
Li Ran’s Stake Value: $35 million
Percentage of Li Ran’s 13F Portfolio: 10.26%
Number of Hedge Fund Holders: 37
General Mills, Inc. (NYSE:GIS) is a multinational company that manufactures and markets branded consumer foods. Li Ran’s Hedge fund’s recent filings show that it owns 574,530 shares of General Mills, Inc. (NYSE:GIS) worth $35 million, comprising 10.26% of the fund’s portfolio.
Nelson Capital Management called General Mills, Inc. (NYSE:GIS) “a core holding within the consumer staples sector” in their fourth quarter of 2020 investor letter. Here is what it said:
“We purchased a position in General Mills (tkr: GIS). General Mills is a manufacturer and marketer of branded consumer foods and pet food products sold mainly through retail stores. It has greatly benefited from the “people eating at home” theme during the pandemic. Although this growth driver is likely to persist through 2021, that is not the main reason to own General Mills. The management team has done an excellent job diversifying product lines, and has successfully identified new trends and brought products forth accordingly. Some notable brands and products include Annie’s, Cheerios, Betty Crocker, Blue Buffalo, EPIC, Pillsbury and Yoplait. General Mills has maintained a healthy balance sheet, consistent with industry practice. It is relatively inexpensive with a P/E ratio of 15x (about half that of Hormel) and pays a 3.4% dividend, making it a great core holding within the consumer staples sector.”
4. Vipshop Holdings Limited (NASDAQ:VIPS)
Li Ran’s Stake Value: $38.6 million
Percentage of Li Ran’s 13F Portfolio: 11.3%
Number of Hedge Fund Holders: 36
Vipshop Holdings Limited (NASDAQ:VIPS) is a Chinese e-commerce company founded in 2008 and headquartered in Guangdong, China. It operates the third-largest e-commerce website in China at the moment.
On September 23, JPMorgan analyst Andre Chang downgraded Vipshop Holdings Limited (NASDAQ:VIPS) from Overweight to Neutral.
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.”
2. Facebook, Inc. (NASDAQ:FB)
Li Ran’s Stake Value: $46.7 million
Percentage of Li Ran’s 13F Portfolio: 13.68%
Number of Hedge Fund Holders: 266
Facebook, Inc. (NASDAQ: FB) is a California-based technology company founded in 2004 as TheFacebook is a social networking website. Facebook is currently one of the biggest companies in the world and also one of the big five IT companies of the USA and has a market cap of $940.68 billion
First Eagle Investment Management mentioned Facebook, Inc. (NASDAQ:FB) as the leading contributor in their second-quarter 2021 investor letter. Here is what it said:
“Leading contributors in the First Eagle Global Fund this quarter included Facebook, Inc. Class A. Facebook has continued to post impressive results for both revenue and active users of its traditional platforms. In the meantime, the social media giant continues to make progress on new initiatives—like Facebook Horizon (virtual reality) and Facebook Shops (e-commerce)—and maintains attractive monetization optionality around services like Messenger and WhatsApp.”
1. Pinterest, Inc. (NYSE:PINS)
Li Ran’s Stake Value: $127.02 million
Percentage of Li Ran’s 13F Portfolio: 37.23%
Number of Hedge Fund Holders: 63
Pinterest, Inc. (NYSE:PINS) is an image-sharing social media company based in San Francisco, California. Pinterest, Inc. (NYSE:PINS) holds the number one spot on our list of companies in Li Ran’s Half Sky Capital portfolio.
In the first quarter of 2021, Carillon Tower Advisers mentioned that Pinterest, Inc. (NYSE:PINS) delivered another quarter of earnings and forward guidance above investor expectations. Here is what the firm said:
“Pinterest is an operator of a pinboard-style social media website that enables users to create theme-based image collections for events, hobbies, and other personal interests. The firm delivered another quarter of both earnings and forward guidance above investor expectations, sending shares higher. Strength was driven by notable user growth and a return of advertising spending. We remain excited about an increase in video content, new analytics tools for advertisers, and an increasing shift towards ecommerce.”
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