Yale University Stock Portfolio: Top 5 Picks

3. Lyft, Inc. (NASDAQ:LYFT)

Number of Hedge Fund Holders: 43 

Lyft, Inc. (NASDAQ:LYFT) is one of the most prominent stocks in the Yale portfolio. The company owns and runs a ride-sharing marketplace. Investment bank Goldman Sachs recently initiated coverage of the stock with a Buy rating and a price target of $64. Eric Sheridan, an analyst at the bank, highlighted that the firm was a “pure play” as a disruptor in the transport industry but the delivery aspect of the business was still “a work in progress”. 

Securities filings show that Yale University owned over 59,000 shares in Lyft, Inc. (NASDAQ:LYFT) at the end of June 2021 worth $3.5 million, representing 1.28% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Alkeon Capital Management is a leading shareholder in Lyft, Inc. (NASDAQ:LYFT) with 4.7 million shares worth more than $286 million. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Lyft, Inc. (NASDAQ:LYFT) was one of them. Here is what the fund said:

“New purchase Lyft, the No. 2 U.S. rideshare operator, is exclusively focused on the secular growth opportunity in the rideshare market and stands to be a direct economic reopening beneficiary. The company made tremendous progress on margins during 2020 and improved its ability to meet long-term targets. Lyft is also leveraged to the eventual transition to autonomous driving.”