Kayak Investment Partners, run by Daryl Smith, is a long/short equity hedge fund based in San Francisco. Nearly half of the fund’s 13F assets are invested in the tech sector, which was co-founded by Mr. Smith. The fund also favors stocks in the communications sector. At the end of September 2021, the fund’s 13F assets under management totaled $700 million. There were notable additions to Kayak Investment Partners’ portfolio in the third quarter of 2021 as well as new stakes taken in several companies.
Insider Monkey checks out the top 10 stocks that Kayak Investment Partners is buying. In the coming years, CrowdStrike Holdings, Inc. has the potential to grow at a rate of 30% per year. Kayak Investment Partners purchased 22,700 shares of the company during the third quarter, creating a $5.58 million position in the company. At $2.52 per share, IBM beat analysts’ expectations by a penny in the third quarter. Among the company’s recent innovations are blockchain, nanotechnology, cloud computing, and artificial intelligence. The stake that Kayak Investment Partners has in C3.ai, Inc. increased by 83% in the third quarter of 2018. The energy sector can use the company’s cloud-based AI tools. After AI’s IPO in Q4 2020, there were 30 hedge funds that were long the stock at the end of the third quarter. KIP increased its Uber Technologies, Inc. holdings by more than twofold in the third quarter. Transportation service provider has now been valued at $16.54 million after the fund purchased 369,214 shares. Netflix, Inc. was named one of First Pacific Advisors’ top performers for the third quarter. In its view, Netflix is undervalued because it is based on the number of pay-TV households. In place of this, it sees smartphone ownership as the most important factor. For more details, click Top 10 Stocks That Kayak Investment Partners Is Buying.