2023-05-23 05:18:00 ET
Only a handful of professional money managers actually beat the S&P 500 (SNPINDEX: ^GSPC) on a regular basis, but Arne Alsin and Karthik Sarma have done just that. The S&P 500 rose 67% during the three-year period that ended on March 31, 2023. Alsin and Sarma saw their hedge funds increase 107% during that time. That outperformance suggests both investors offer a good source of stock-picking inspiration.
With that in mind, Alsin was buying shares of Amazon (NASDAQ: AMZN) , and Sarma was buying shares of Twilio (NYSE: TWLO) hand over fist in the first quarter. Here's what investors should know about those two growth stocks.
Alsin increased his stake in Amazon by 43% during the first quarter and 1,400% over the past year. The stock now represents more than 3% of his portfolio through Worm Capital, and excluding certain options contracts, it ranks as his third-largest holding. That high conviction is likely due to Amazon's strong competitive position in three growing markets: e-commerce , digital advertising, and cloud computing .
For further details see:
2 Growth Stocks Brilliant Money Managers Are Buying Hand Over Fist