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

2. Sea Limited (NYSE:SE)

3G Capital’s Stake Value: $92,432,000

Performance of the stock over the past 12 months as of November 22: -82%

A global internet company offering digital entertainment, financial services, and e-commerce, Sea Limited (NYSE:SE) is one of Jorge Paulo Lemann’s top stock picks from the third quarter, with 3G Capital holding a $92.4 million stake in the company, which accounts for 20.09% of the firm’s portfolio. 

Here is what Tao Value has to say about Sea Limited (NYSE:SE) in its Q2 2021 investor letter:

“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 the established ASEAN & LatAm market and received positive reception from new markets like the US. On the e-commerce side, Shopee demonstrated early success in expanding to Brazil, by adopting a low-price category & gamification strategy. For 2021, Shopee is now the 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.”