Was Billionaire Jorge Paulo Lemann’s 3G Capital Right About These 5 Stocks?

4. TaskUs, Inc. (NASDAQ:TASK)

3G Capital’s Stake Value: $46,459,000

Performance of the stock over the past 12 months as of November 22: -56%

TaskUs, Inc. (NASDAQ:TASK) is an outsourcing company handling content creation, customer experience consulting, and business process optimization services for clients including Meta Platforms, Inc. (NASDAQ:FB) and DoorDash, Inc. (NYSE:DASH). Lemann holds a $46.45 million stake in TaskUs, Inc. (NASDAQ:TASK), which accounts for 10.1% of his Q3 investments. 3G Capital increased its holding in TaskUs, Inc. (NASDAQ:TASK) by 250% in Q3, as compared to the prior quarter. 

Here is what Carillon Tower Advisers has to say about TaskUs, Inc. (NASDAQ:TASK)  in its Q3 2021 investor letter:

“TaskUs provides outsourced digital services and next-generation customer experience to innovative and disruptive technology companies looking to protect and grow their brands. The firm, which recently went public, is a key partner to enterprises specifically in the fast growing ecommerce, social media, and food delivery industries. Investors under-appreciated the business model of the company at the time of the initial public offering, but the company has since reported results that were highly encouraging and showed revenue growth acceleration as it solves some of the more mundane and labor intensive issues for many emerging tech companies.”