In the fourth quarter of 2021, Robert Pitts’ Steadfast Capital 13F public stock portfolio was valued at $6 billion. He focuses on consumer discretionary, energy, finance, information technology, utilities, and telecommunications. In 1998, the hedge fund opened its doors to outside investors. Microsoft Corporation is owned by Steadfast Capital, which owns 1.11 million shares. Block, Inc. is also a key holding of Robert Pitts’ Steadfast Capital. The hedge fund invests in both small and large businesses with great growth potential.
Here is Insider Monkey’s list of the 10 tech stocks to buy now according to Robert Pitts’ Steadfast Capital. The company offers a cloud-based technology platform for electronic commerce in stores, online, and on mobile devices. Out of the 924 hedge funds tracked by Insider Monkey, Berkshire Hathaway was the largest shareholder in StoneCo Ltd. Marqeta, Inc. is a company that creates digital payment solutions. Commerce disruptors, digital banks, IT behemoths, and financial institutions can all benefit from its solutions. Mick Hellman’s HMI Capital is the company’s largest stakeholder, with a $353.27 million holding. Adobe Inc. is a multinational software company with a diverse range of products. The company’s three main sectors are Digital Media, Digital Experience, and Publishing. Digital Media will account for 68.88% of Adobe’s revenue in 2020. The company focuses on interpreting machine data and is cloud-native. Clients can use the company’s software-as-a-service offering to monitor and assess their whole IT infrastructure. As of Q4, Tiger Global Management LLC was Datadog, Inc.’s top shareholder. Steadfast Capital still owned 432,406 shares of Workday, Inc. after selling 521,203 shares in the fourth quarter. Workday’s price objective was trimmed from $300 to $275 by Stifel analyst Brad Reback, who kept his Buy rating. For more details, click 10 Tech Stocks To Buy Now According To Robert Pitts’ Steadfast Capital.
