Top 5 Stocks Daniel Patrick Gibson’s Sylebra Capital Management is Buying

4. Purecycle Technologies Inc. (NASDAQ:PCT)

Gibson’s Stake Value: $410,173,000
Percentage of Gibson’s 13F Portfolio: 10.17%
Number of Hedge Fund Holders: 22

Founded in 2015 and headquartered in Florida, Purecycle Technologies Inc. (NASDAQ:PCT) is the fourth stock on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying. Purecycle Technologies Inc. (NASDAQ: PCT) produces recycled polypropylene by removing color, odor, and contaminants from the waste feedstock. The company has a market cap of $1.524 billion.

Gibson’s Sylebra Capital Management owns about 17.3 million shares in Purecycle Technologies Inc. (NASDAQ: PCT), amounting to $410.17 million, and making up 10.17% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 22 hedge funds in Insider Monkey’s database held stakes amounting to $637.99 million in Purecycle Technologies Inc. (NASDAQ: PCT), down from 21 in the previous quarter with stakes worth over $659.1 million. The company reported last quarter’s earnings per share of -$0.13 on August 4, missing analysts’ consensus estimates of -$0.11 by $0.02.