Top 5 Stocks To Invest In According To Kevin D. Eng’s Columbus Hill Capital Management

4. Sea Limited (NYSE:SE)

Columbus Hill Capital Management’s Stake Value: $53.19 million
Percentage of Columbus Hill Capital Management’s 13F Portfolio: 4.52%
Number of Hedge Fund Holders: 104

Sea Limited (NYSE:SE) is a Singapore-based consumer technology company that operates in the digital entertainment, e-commerce, and financial services industries through its Garena, Shopee and SeaMoney platforms. The company’s share price rose 51% this year due to its expansion into the gaming market.

On November 2, Barclays analyst Jiong Shao initiated coverage of Sea Limited (NYSE:SE) with an Overweight rating and $427 price target.

As of the end of the Q3, Columbus Hill Capital Management held 166,822 shares of Sea Limited (NYSE:SE), amounting to more than $53.19 million in worth, and representing 4.52% of the fund’s portfolio value. At the end of the second quarter of 2021, 104 hedge funds in the database of Insider Monkey held stakes worth $12.2 billion in Sea Limited (NYSE:SE), up from 98 the preceding quarter worth $10.4 billion.

Of the hedge funds being tracked by Insider Monkey, New York-based Tiger Global Management LLC is the biggest shareholder in Sea Limited (NYSE:SE), with 10.4 million shares worth approximately $3.3 billion.

In its second-quarter, 2021 investor letter, Tao Value mentioned Sea Limited (NYSE:SE). Here is what the fund said:

“Sea continued to execute above expectation. The gaming business continued strong momentum, recording bookings of $1.1 billion, growing 117% y-o-y. The major franchise Free Fire showed no sign of slowing down in established ASEAN & LatAm market and received positive reception from new markets

 like US. On e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now top downloaded e-commerce app in Brazil, almost 2x of the second-place local leader Mercado Libre (MELI). I also see the most promising development is in its FinTech business – SeaMoney, which more than doubled its revenue in Q1 2021 from the previous quarter! With online lending products rolling out, SeaMoney is poised to grow rapidly, becoming the 3rd growth curve for Sea.”