Top 5 Stock Picks of Mark Moore’s ThornTree Capital

4. Affirm Holdings, Inc. (NASDAQ:AFRM)

Value of Mr. Moore’s Stake: $41.4 Million

Percentage of ThornTree Capital’s 13F Portfolio: 5.59%

Number of Hedge Fund Holders: 25

Affirm Holdings, Inc. (NASDAQ:AFRM) operates a digital and mobile commerce platform in the United States and Canada which allows its customers to access a payment solution and avail services like an application. It also has a payments network that lets its customers pay in installments.

In an investor note issued in November 2021, Mizuho raised Affirm Holdings, Inc. (NASDAQ:AFRM) price target to $180 after updating its models following earnings season. By the end of its first fiscal quarter, the company reported $269 million in revenue and -$1.13 in GAAP EPS, missing analyst estimates for EPS.

During the second quarter, Mr. Moore held 615,871 Affirm Holdings, Inc. (NASDAQ:AFRM) shares. These were worth $41.4 million and represented 5.59% of his overall portfolio. At the same time, 25 out of the 873 hedge funds polled by Insider Monkey had held a stake in the company.

Affirm Holdings, Inc. (NASDAQ:AFRM)’s largest investor by the second quarter was Joshua Kushner’s Thrive Capital who owned 3.9 million shares worth $265 million.