In this article, we discuss the top 5 stocks Daniel Patrick Gibson’s Sylebra Capital Management is buying. If you want to see our detailed analysis of Gibson’s history, investment philosophy, and hedge fund performance, go directly to Daniel Patrick Gibson’s Sylebra Capital Management is Buying AMD and 9 Other Stocks.
5. 8X8 Inc. (NYSE:EGHT)
Gibson’s Stake Value: $344,299,000
Percentage of Gibson’s 13F Portfolio: 8.54%
Number of Hedge Fund Holders: 29
8X8 Inc. (NYSE:EGHT) is an American company dealing in Voice over IP products that include cloud-based voice and contact centers, that facilitate communications for businesses. Founded in 1987, based in California, 8X8 Inc. (NYSE:EGHT) ranks fifth on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying. 8X8 Inc. (NYSE:EGHT) has a market cap of $2.782 billion.
Gibson’s Sylebra Capital Management owns 12.4 million shares in 8X8 Inc. (NYSE:EGHT), amounting to $344.3 million, and making up 8.54% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 29 hedge funds in Insider Monkey’s database held stakes amounting to $928 million in 8X8 Inc. (NYSE:EGHT), down from 24 in the previous quarter with stakes worth over $1 billion. The company reported last quarter’s earnings per share of $0.01 on August 4, beating analysts’ consensus estimates of -$0.23 by $0.24.
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.
3. Advanced Micro Devices Inc. (NASDAQ:AMD)
Gibson’s Stake Value: $419,902,000
Percentage of Gibson’s 13F Portfolio: 10.41%
Number of Hedge Fund Holders: 63
Ranking third on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying is Advanced Micro Devices Inc. (NASDAQ:AMD), a multinational American semiconductor megacompany. Founded in 1969 and headquartered in California, Advanced Micro Devices Inc. (NASDAQ:AMD) has a market cap of $126.325 billion, which makes it one of the most valuable companies in Gibson’s investment portfolio.
Gibson’s Sylebra Capital Management owns about 4.47 million shares in Advanced Micro Devices Inc. (NASDAQ:AMD), amounting to $419.9 million, and making up 10.41% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 63 hedge funds in Insider Monkey’s database held stakes amounting to $4.61 billion in Advanced Micro Devices Inc. (NASDAQ:AMD), up from 62 in the previous quarter with stakes worth over $3.71 billion. The company reported last quarter’s earnings per share of $0.63 on July 26, beating analysts’ consensus estimates of $0.54 by $0.09.
2. Pagseguro Digital Ltd. (NYSE:PAGS)
Gibson’s Stake Value: $513,133,000
Percentage of Gibson’s 13F Portfolio: 12.72%
Number of Hedge Fund Holders: 40
Pagseguro Digital Ltd. (NYSE:PAGS) is a Brazilian financial services and digital payments company, founded in 2006 and incorporated in the Cayman Islands. Ranking second on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying, Pagseguro Digital Ltd. (NYSE:PAGS) has a market cap of $18.491 billion.
Gibson’s Sylebra Capital Management owns about 9.17 million shares in Pagseguro Digital Ltd. (NYSE:PAGS), amounting to $513.13 million, and making up 12.72% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 40 hedge funds in Insider Monkey’s database held stakes amounting to $2.39 billion in Pagseguro Digital Ltd. (NYSE:PAGS), up from 33 in the previous quarter with stakes worth over $1.8 billion. The company reported last quarter’s earnings per share of $0.20 on August 12, missing analysts’ consensus estimates of $0.21 by $0.01.
Artisan Partners, in their Q1 2021 investor letter, mentioned Pagseguro Digital Ltd. (NYSE:PAGS) and shared their insights about the company. Here is what they said:
“We also reduced our position in PagSeguro. PagSeguro is making good progress establishing a fast-growing digital bank and expanding its Brazilian payments business despite the pandemic. However, the company’s growth initiatives will require another year of heavy investment spending in 2021. This comes as Brazil’s progress combatting COVID-19 trails many major economies’, casting a cloud over the broader economic outlook. Given these potential headwinds, we trimmed our position to fund higher conviction holdings.
1. Elastic NV (NYSE:ESTC)
Gibson’s Stake Value: $642,441,000
Percentage of Gibson’s 13F Portfolio: 15.93%
Number of Hedge Fund Holders: 55
Ranking first on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying is Elastic NV (NYSE:ESTC), a company building self-managed and SaaS solutions for search, logging, analytics, and security purposes. The Elasticsearch tech is used by market leaders like eBay Inc. (NASDAQ:EBAY), Wikipedia, Yelp Inc. (NYSE:YELP), Uber Technologies, Inc. (NYSE:UBER), Lyft, Inc. (NASDAQ:LYFT), Tinder, and Netflix, Inc. (NASDAQ: NFLX). Founded in 2012, Elastic NV (NYSE:ESTC) was first established in Amsterdam and later incorporated in California. The company has a market cap of $15.125 billion.
Gibson’s Sylebra Capital Management owns about 4.4 million shares in Elastic NV (NYSE:ESTC), amounting to $642.44 million, and making up 15.93% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 55 hedge funds in Insider Monkey’s database held stakes amounting to $3.06 billion in Elastic NV (NYSE:ESTC), up from 52 in the previous quarter with stakes worth over $1.88 billion. The company reported last quarter’s earnings per share of $0.04 on August 24, beating analysts’ consensus estimates of -$0.10 by $0.14.
Greenhaven Road Capital, in their Q2 2021 investor letter, mentioned Elastic NV (NYSE:ESTC) and shared their insights about the company. Here is what they said:
“Our top five holdings represent more than half of our total long exposure and therefore five greatly influence overall returns. Elastic Software (ESTC) – Management continues to innovate and execute, rolling out new products and converting existing users from free to paid versions. They made adjustments to their licensing agreements, making it more difficult for Amazon to rip them off, and provided forward guidance that convinced investors that the growth train will continue to run for at least a few more years.”
You can also take a look at 15 Dividend Stocks People Buy for Early Retirement and Cathie Wood Is Selling These 10 Stocks.
