Top 5 Stock Picks of Peter S. Park’s Park West Asset Management

4. ThredUp Inc. (NASDAQ:TDUP)

Park West Asset Management Stake Value: $199,895,000
Percentage of Park West Asset Management’s 13F Portfolio: 4.74%
Number of Hedge Fund Holders: 12

ThredUp Inc. (NASDAQ:TDUP) is a second-hand marketplace for women’s and children’s clothing, shoes, and accessories. In the third quarter, active buyers of ThredUp Inc. (NASDAQ:TDUP) totaled 1.4 million, with orders totaling 1.3 million, up 14% and 28% over the previous quarter, respectively.

In November, Guggenheim analyst Seth Sigman commenced coverage of ThredUp Inc. (NASDAQ:TDUP) with a “Buy” rating and a $25 price target. Park West Asset Management holds 9.22 million shares in ThredUp Inc. (NASDAQ:TDUP), worth over $199.90 million, representing 4.74% of its third quarter portfolio.

As of the end of the third quarter, 12 hedge funds in Insider Monkey’s database held stakes in ThredUp Inc. (NASDAQ:TDUP), compared to 13 funds in the second quarter.