Top 5 Stock Picks of Philip Best’s Quaero Capital

3. Futu Holdings Limited (NASDAQ:FUTU)

Quaero Capital’s Stake Value: $7 million

Percentage of Quaero Capital’s 13F Portfolio: 4.83%

Number of Hedge Fund Holders: 31

Futu Holdings Limited (NASDAQ:FUTU), Hong Kong-based online brokerage and wealth management platform, was the third-largest stock holding of Philip Best’s Quaero Capital as of June. The company’s share price plunged sharply in the past couple of months amid regulatory risk. Besides that, the company’s financial metrics are growing at a staggering rate. Its total paying clients increased by 84.0% year-over-year in the June quarter and the number of registered clients grew by 55.4%, resulting in a 164.6% increase in revenue.

Of the 873 elite funds tracked by Insider Monkey, 31 were bullish about Futu Holdings Limited (NASDAQ:FUTU) as of June. Andrew Dalrymple And Barry Mccorkell’s Aubrey Capital Management was the leading stakeholder in the company.