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In this article, we will discuss the 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. If you want to skip our detailed analysis of Lemann’s history, investment philosophy, and hedge fund performance, go directly in to the 5 Best Stocks to Buy according to Brazilian Billionaire Jorge Paulo Lemann.
Investment According to Brazilian Billionaire Jorge Paulo Lemann
Jorge Paulo Lemann is a Brazilian billionaire investment banker and entrepreneur with Brazilian and Swiss citizenship. 3G Capital was founded in 2004 by Jorge Paulo Lemann. Jorge Lemann’s net worth is more than $10 billion. 3G Capital is managed by Alexandre Behring, who joined the company in 2005.
Brazilian billionaire Jorge Paulo Lemann has consistently influenced investors with his market-leading portfolio management policies. Its 3G Capital hedge fund delivered solid returns in 2020 amid investments in information technology and consumer stocks. 3G Capital has extended its policy to maintain its leadership position in strong growth stocks in 2021, despite other managers moving into value stocks. Hedge funds cut their investment in telecom stocks to nearly 4% of their total portfolio by the end of the fourth quarter of 2020. In addition, it started betting on consumers switching to online payment platforms by starting large positions in Square (NASDAQ:SQ). The 13F Hedge Fund’s portfolio was valued at approximately $269.32 million at the end of the first quarter of 2021.
First Quarter Of 2021
As of the first quarter of 2021, 3G Capital holds stakes in several large companies including Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), Square, Inc. (NYSE: SQ).
Amazon.com, Inc. (NASDAQ: AMZN) is an American multinational technology company. Amazon stock has returned 21.17% of his to investors over the past 12 months. On June 29, Amazon.com, Inc. (NASDAQ: AMZN) acquired the rights to “SmartLess” on his three-year contract from $60 million to $80 million in a current podcast push. . Starting in August, Amazon Music and Amazon-owned Wondery will have fresh episodes coming out a week ahead of him, along with other podcast outlets. On July 19, Mizuho analyst James Lee maintained a Buy rating on Amazon.com, Inc. (NASDAQ: AMZN) and his price target is $4,400. 3G Capital owns 3,200 shares of him worth more than $9 million, representing 3.67% of his portfolio. As such, Lemann’s hedge fund increased his stake in the company by 34% in the first quarter.
Microsoft Corporation (NASDAQ: MSFT) is a multinational technology company. After that, Microsoft’s current market capitalization he reached $2.16 trillion, and managed to generate 43.77% revenue in the last 12 months. And on July 11, Microsoft Corporation (NASDAQ:MSFT) decided to acquire security software maker RiskIQ for more than $500 million. Additionally, Microsoft has added safety features to products such as Windows and Azure cloud services to prevent cyberattacks on your network. So, on July 23, Barclays analyst Raimo Lenschow raised Microsoft’s price target from his $288 to his $325, maintaining an “overweight” rating. Therefore, on June 16, Microsoft Corporation (NASDAQ: MSFT) announced a quarterly dividend of $0.56 per share, as it did last time. 3G Capital holds his 30,000 shares in this technology company worth more than $7 million, which is his 2.62% of the investment portfolio.
3G Capital Investment in Brazil
Based on the latest 13F holdings for the first quarter of 2021, 3G Capital owns 85,000 shares in Square, Inc. (NYSE: SQ) after increasing its stake in the company by 127% from Q4 2020. On July 20, Square, Inc. added Square Banking to Square Financial Services. So, Square Banking includes three FDIC-insured main products that will help small firms administer cash flows all in the same place. On June 24, Christopher Brendler initiated a coverage on Square, Inc. (NYSE: SQ) with a “Buy” rating with a price target of $275. In addition, hedge funds are loading up on Square, Inc. (NYSE: SQ), as Insider Monkey’s data shows that 92 hedge funds held stakes in the company in the first quarter of 2021, compared to 89 funds a quarter earlier.
So, With this context in mind, here is our list of the 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. So, We used Lemann’s 13F portfolio for the first quarter for this analysis.
Best Stocks to Buy According to Brazilian Billionaire Jorge Paulo Lemann
1. nCino, Inc. (NASDAQ: NCNO)
Lemann’s Stake Value: $1,668,000 Percentage of Jorge Paulo Lemann’s 13F Portfolio: 0.61% Number of Hedge Fund Holders: 21
nCino, Inc. (NASDAQ: NCNO) is a financial technology company. So, It was founded in 2011 and is placed tenth on the list of best stocks to investment according to Brazilian billionaire Jorge Paulo Lemann. nCino currently has a $6.46 billion market capitalization.
On June 2, nCino, Inc. (NASDAQ: NCNO) posted earnings for the first quarter of 2021. Then, it reported earnings per share of -$0.04, beating market predictions by $0.01. Then, the revenue for the first three months of 2021 was $62.4 million, beating the estimates by $3.04 million. In addition, subscription revenues was $51.0 million, up 47% from last year. On July 16, William Blair analyst Robert Napoli initiated a coverage of nCino with an “Outperform” rating and no price target.
3G Capital holds 25,000 shares in the company worth $1.67 million, representing 0.61% of their portfolio. Therefore, Out of the hedge funds being tracked by Insider Monkey, HMI Capital is a leading shareholder in nCino, Inc. (NASDAQ: NCNO), with 2.39 million shares worth more than $159 million.
Just like Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and Square, Inc. (NYSE:SQ), nCino, Inc. (NASDAQ: NCNO) is one of the best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann.
2. DoorDash, Inc. (NYSE: DASH)
Lemann’s Stake Value: $3,934,000 Percentage of Jorge Paulo Lemann’s 13F Portfolio: 1.46% Number of Hedge Fund Holders: 38
DoorDash, Inc. (NYSE: DASH) functions as an online food ordering and food delivery platform. So, It is the largest food supply company in the United States. It was incorporated in 2013 and stands ninth on the list of 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. Then, DoorDash shares have offered investors returns exceeding 32% over the course of the past 12 months.
On June 21, DoorDash, Inc. (NYSE: DASH) announced an alliance with Albertsons Companies, Inc. (NYSE: ACI) to offer on-demand foodstuff delivery from nearly 2K shops in the U.S. Albertsons will offer above 40K grocery items from stores for delivery via DoorDash. On June 29, Wells Fargo analyst Brian Fitzgerald raised the price target on DoorDash to $215 from $170 and maintained an “Overweight” rating on the shares. On May 13, DoorDash, Inc. (NYSE: DASH) posted earnings results for the first three months of 2021. Then, the earnings per share was -$0.34, missing market predictions by $0.11. Then, the revenue over the period was $1.1 billion, beating the estimates by $102.04 million.
So, 3G Capital holds 30,000 shares in the firm worth over $3 million. This represents 1.46% of their portfolio. Then, the hedge fund’s stake in DoorDash, Inc. (NYSE: DASH) stock increased by 29,900% in the past few months, the latest data reveals. Then, the biggest stakeholder of the company is Coatue Management, with 9.26 million shares worth $1.21billion.
Just like Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and Square, Inc. (NYSE:SQ), DoorDash, Inc. (NYSE: DASH) is one of the best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann.
3. Snowflake Inc. (NYSE: SNOW)
Lemann’s Share Value: $9,171,000 Jorge Paulo Lemann’s 13F Portfolio Percentage: 3.4% Number of Hedging Fund Holders: 71
So, Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform. Then, It was founded in 2012 and ranks sixth on the list of the 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. So, Snowflake stock has been offering investors a 12.43% return over the past 3 months.
So, On June 14, Deutsche Bank analyst Patrick Colville raised his target price on Snowflake to $265 from $248 and maintained his “Buy” rating on the stock. Then, On May 26, Snowflake Inc. (NYSE: SNOW) posted earnings for the first quarter of 2021. Then, it reported earnings per share of -$0.70, missing the market forecast of $0.19. Then, Revenue for the first three months of 2021 was $228.9 million, up 110.4% YoY, beating forecasts of $15.54 million. So, Product revenue for the first quarter of 2021 was $213.8 million, up 110% year over year.
So, Jorge Paulo Lemann’s 3G Capital currently owns 40,000 shares of Snowflake Inc. (NYSE: SNOW) worth $9.17 million. Then, Snowflake occupies 3.4% of 3G Capital’s overall equity. So, At the end of the first quarter of 2021, 71 hedge funds in the Insider Monkey database held $12.97 billion worth of stake in Snowflake, up from 54 in the previous quarter’s $7.72 billion.
So, Just like Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and Square, Inc. (NYSE:SQ), Snowflake Inc. (NYSE: SNOW) is one of the best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann.
4. ZoomInfo Technologies Inc. (NASDAQ:ZI)
Lemann’s Stake Value: $4,890,000 Percentage of Jorge Paulo Lemann’s 13F Portfolio: 1.81% Number of Hedge Fund Holders: 24
ZoomInfo Technologies Inc. (NASDAQ: ZI) operates a cloud-based intelligence platform for merchandising teams. Then, the company was founded in 2007 and stands eighth on the list of 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. So, ZoomInfo shares have gained about 35.99% in value over the last 12 months.
On July 14, ZoomInfo Technologies Inc. (NASDAQ: ZI) indirect subsidiary announced that it issued 3.875% senior unsecured notes due 2029, whose principal amount is $300 million. Then, the proceeds will be used to repay outstanding borrowings and for general corporate purposes. On July 13, ZoomInfo decided to acquire Chorus.ai, a conversation intelligence company. Then, ZoomInfo agreed to obtain the assets and specified liabilities of Chorus for about $575 million in cash, which includes tax benefits related to the asset procurement of over $100 million. On July 16, Stifel analyst J. Parker Lane kept a “Buy” rating on ZoomInfo Technologies Inc. (NASDAQ:ZI) with a price target of $65.
Jorge Paulo Lemann’s 3G Capital owns 100,000 shares of ZoomInfo Technologies Inc. (NASDAQ:ZI), worth $4.89 million. Alkeon Capital Management, with 1.44 million shares
5. ServiceNow, Inc. (NYSE: NOW)
Lemann’s Bet Amount: $7,252,000 Jorge Paulo Lemann’s 13F Portfolio Percentage: 2.69% Amount of Hedge Fund Holders: 98
ServiceNow, Inc. (NYSE:NOW) is an American software company that develops cloud computing platforms. So, The company was formerly known as Service-now.com. Then, Now was founded in 2004 and stands at number seven on the list of the 5 best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann. ServiceNow shares have returned 37.86% to investors over the past 12 months.
On April 28, ServiceNow, Inc. (NYSE:NOW) posted earnings for the first quarter of 2021. It reported earnings per share of $1.52, beating market forecasts of $0.17. Then, revenue for the first three months of 2021 was over $1.36 billion, up 30.8% YoY, beating forecasts of $20 million. On July 16, Mizuho analyst Gregg Moskowitz raised his target price on ServiceNow to $640 from $590 and maintained his “Buy” rating on the stock.
So, The hedge fund managed by Jorge Paulo Lemann owns 14,500 shares in technology companies valued at more than $7 million, representing nearly 2.69% of their portfolio. In addition, hedge fund sentiment improved for ServiceNow, Inc. (NYSE:NOW) in the first quarter of 2021. Then, Insider Monkey data shows that 98 elite hedge funds held shares in the company in the first quarter of 2021, up from 96 funds per year. the previous quarter. So, Just like Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), and Square, Inc. (NYSE:SQ), ServiceNow, Inc. (NYSE:NOW) is one of the best stocks to buy investment according to Brazilian billionaire Jorge Paulo Lemann.
