Warren Buffett’s 5 Growth Stock Picks

Page 5 of 5

1. StoneCo Ltd. (NASDAQ:STNE)

Berkshire Hathaway’s Q2 2023 Investment: $136 million

Latest P/E Ratio: 1232

StoneCo Ltd. (NASDAQ:STNE) is a software company that enables businesses to set up electronic commerce platforms. A growth in the shift towards e commerce has also helped its earnings per share, as the company has beaten analyst EPS estimates for all four of its latest quarters.

35 of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in StoneCo Ltd. (NASDAQ:STNE). Out of these, the firm’s biggest investor is Steve Cohen’s Point72 Asset Management through its $138 million investment.

Follow Stoneco Ltd. (NASDAQ:STNE)

Disclosure: None.  You can also take a look at Bill Gates Stock Portfolio: August 2023 Update and 15 Best Consumer Discretionary Stocks to Buy According to Hedge Funds.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter

Page 5 of 5