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Most Exciting Growth Stocks

by Carl Steward
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Stocks and managersMost Exciting Growth Stocks

The last several weeks have featured an information overload for investors as well as analysts. Critical economic data and other factors have taken the spotlight and moved the stock market in a big way. It is worth noting that one of the most important data releases of the first quarter occurred less than a month ago. According to the latest round of 13F filings, it is pretty clear that billionaires couldn’t stop buying the following trio of supercharged growth stocks during the last quarter of 2021. 

The trio of supercharged growth stocks consists of Nvidia, Block, and Tesla Motors. Let’s start with Nvidia. 

Four famous fund managers including Israel Englander’s Millennium Management, Philippe Laffont’s Coatue Management, Ken Griffin’s Citadel Advisors, and John Overdeck and David Siegel’s Two Sigma Investments. 

They respectively bought around 2.81 million shares, more than 854,000 shares, over 788,000 shares, and nearly 765,000 shares. 

The company achieved great results in the fourth quarter. For instance, gaming sales jumped 37% in the fourth quarter. 

Supercharged growth stocks

As stated above, the trio of supercharged growth stocks consists of Nvidia, Tesla Motors, and Block. As we already discussed Nvidia, we can discuss Block and Tesla Motors. 

During the fourth quarter, four billionaires couldn’t stop buying into Block. Interestingly, those fund managers are Jim Simmons of Renaissance Technologies, Ken Griffin of Citadel Advisors, Chase Coleman of Tiger Global Management, and Ole Andreas Halvorsen of Viking Global Investors. They respectively acquired approximately 1.63 million shares, almost 865,000 shares, close to 470,000 shares, and nearly 455,000 shares.  

The third stock is Tesla Motors. Notably, Israel Englander’s Millennium Management more than quintupled its stake to about 1.11 million shares. Also, Philippe Laffont’s Coatue Management boosted its position by more than 352,000 shares to roughly 1.48 million.  

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