In this article, we discuss the top 5 stock picks of Paul Marshall and Ian Wace’s Marshall Wace LLP. If you want to read our detailed analysis of Marshall and Wace’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Paul Marshall and Ian Wace’s Marshall Wace LLP.
5. Airbnb, Inc. (NASDAQ:ABNB)
Paul Marshall and Ian Wace’s Marshall Wace LLP’s Stake Value: $234,355,000
Percentage of Paul Marshall and Ian Wace’s Marshall Wace LLP’s 13F Portfolio: 0.97%
Number of Hedge Funds: 58
Airbnb, Inc. (NASDAQ:ABNB) is an online marketplace operator for lodging. Since its inception in 2017, Airbnb has expanded to 4 million hosts who have entertained over 1 billion guests. Paul Marshall and Ian Wace’s Marshall Wace LLP has a stake worth $234.4 million in the company as of Q3 2021.
In a note issued to investors on December 13, Kevin Kopelman at Cowen named Airbnb, Inc. (NASDAQ:ABNB) as the best idea for this year.
Tollymore Investment Partners discussed its stance on Airbnb, Inc. (NASDAQ:ABNB) in its Q3 2021 investor letter. Here’s what the investment management firm said:
“Today disruptors are not typically seeking to replace incumbents entirely. Rather, they break the links in the customer journey, in doing so better aligning monetisation with value creation and minimising externalities. For example, Airbnb broke the link between staying in residential property and owning it. Airbnb is a specific example of a business model innovation which separated asset use from ownership. This is hardly a novel idea; it’s called renting. Rental models lend themselves to assets which are expensive and durable, and where usage is infrequent.”