Yale University Stock Portfolio: Top 5 Picks

2. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 58 

The growth of the cloud market has emerged as a dominant theme within the tech world in the past few years. Yale University understands this and has thus invested a lot of money in DocuSign, Inc. (NASDAQ:DOCU), a cloud software provider based in California. The company recently partnered with Salesforce to develop new joint solutions that will help automate the contract process between different businesses. Artificial intelligence and new smart tech will be deployed for the purpose. 

Regulatory filings reveal that Yale University owned over 13,300 shares in DocuSign, Inc. (NASDAQ:DOCU) worth more than $3.7 million at the end of the second quarter of 2021, representing 1.33% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Tiger Global Management LLC is a leading shareholder in DocuSign, Inc. (NASDAQ:DOCU) with 7.2 million shares worth more than $2 billion. 

In its Q2 2021 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and DocuSign, Inc. (NASDAQ:DOCU) was one of them. Here is what the fund said:

“DocuSign provides electronic signature solutions. The firm reported an excellent quarter and investors have appreciated the strong growth combined with the excellent margins the company has posted. DocuSign has a long runway of growth ahead and we believe that it remains in a favorable position to continue gaining market share from traditional manual and paper-based signature solutions.”