Pinterest, Inc. (PINS): Among Billionaire Paul Singer's Stock Picks with Huge Upside Potential
We recently published a list of Billionaire Paul Singer's 10 Stock Picks with Huge Upside Potential. In this article, we are going to take a look at where Pinterest, Inc. (NYSE:PINS) stands against other stock picks with huge upside potential.
Paul Singer founded Elliott Investment Management in 1977 in New York. It is one of the oldest hedge funds under continuous management and is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates and Elliott International Limited. Launched in 1994, Elliott International Limited has consistently outperformed the S&P 500 index by ~5 percentage points annually since its inception, which is a track record mirrored by Elliott Associates. Paul Singer earned a BS in psychology from the University of Rochester and a JD from Harvard Law School. He then spent 4 years working in corporate law firms and the investment bank Donaldson, Lufkin & Jenrette before founding Elliott Investment Management. Elliott Management has 38 clients and discretionary assets under management (AUM) of $97.37 billion, according to the Form ADV dated 13 February 2025. The last reported 13F filing for Q4 2024 included $16.66 billion in managed 13F securities and a top 10 holdings concentration of 82.44%.
Singer has built a reputation on Wall Street for his aggressive tactics that often generate significant shareholder value by exploiting weaknesses in various asset classes. His initial approach to investing was to target companies and even governments while purchasing extremely distressed debt. In February 2025, Singer appeared on a Podcast titled 'In Good Company with Nicolai Tangen', where he also discussed what he believes is the reason behind bad investments. While bad luck remains a relevant factor, he believes that these failures result from oversights and inadequate and/or incorrect hedging strategies:
'Sometimes it's bad luck, but more frequently it's (that) we missed something. We missed. Or the hedges weren't, they weren't the right hedges. The tracking error was much more than we expected. At the beginning of my career, 1977 to like 1987, hedging was much more simple, because we were long a convertible bond and short the stock into which the convertible was convertible. So that's very straightforward. And tracking error wasn't really a factor. We've become much more sophisticated in hedging, in creating bespoke hedges for different kinds of trades. But even those don't work out exactly, you know, all the time. But sometimes, you know, the worst trades, and I don't mind mentioning them, it's a kind of a form of therapy and a pedagogical exercise. The worst trades are the trades that you misunderstand the risk. You put it into the wrong category.'
To compile the list of billionaire Paul Singer's 10 stock picks with huge upside potential, we sifted through Q4 2024 13F filings of Elliott Management from Insider Monkey. From these filings, we checked the upside potential from CNN for the top 20 stock picks and ranked the stocks in ascending order of this upside potential. We have also added Elliott Management's stake in each stock as well as the broader hedge fund sentiment for it.
Note: All data was sourced on May 8.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A young, stylish woman using her smartphone to find inspiration for her latest DIY project.
Elliott Management's Stake: $812 million
Number of Hedge Fund Holders: 73
Average Upside Potential as of May 8: 44.48%
Pinterest, Inc. (NYSE:PINS) is a visual search & discovery platform that allows people to find ideas, such as recipes, home, and style inspiration. It also allows them to search, save, and shop the ideas. The company offers various advertising products to help advertisers meet users, and an ad auction that allows advertisers to serve ads to users at relevant moments to optimize business outcomes.
In Q4 2024, Pinterest achieved its first $1 billion revenue quarter with 18% revenue growth, which was partly driven by a record number of clicks during the holiday season. The platform's weekly active to monthly active user ratio also reached an all-time high of 62% in 2024. This success was further fueled by improvements in the company's advertising platform.
Clicks to advertisers grew over 90% in Q4, even after lapping the initial launch of direct links from the previous year. Pinterest, Inc. (NYSE:PINS) focuses on actionability, relevance, and curation, while distinguishing itself as a positive place online. For 2025, management plans to use AI and its unique first-party signal to drive more personalized experiences.
Renaissance Large Cap Growth Strategy stated the following regarding Pinterest, Inc. (NYSE:PINS) in its Q4 2024 investor letter:
'We made several changes to the portfolio in the fourth quarter. Most recently, we added a new position in the Communication Services sector in December with Pinterest, Inc. (NYSE:PINS), a leading visual search and discovery platform with a unique curation function that enables users to find and display new ideas and creations that focus on interests such as fashion and home décor among other consumer goods. Since 2022, a new management team has transformed Pinterest into a shopping platform, providing more value and capabilities to advertisers includ ing direct connection with users, resulting in higher profits. In addition, the company was an early adopter of AI to increase personalization, advertising relevance options, and automated processes to increase ease-of-use for smaller advertisers. In the near term, we expect Pinterest to see monetization improvements with upside to Average Revenue Per User (ARPU) and traction in new categories and international markets.'
Overall, PINS ranks 5th on our list of billionaire Paul Singer's stock picks with huge upside potential. While we acknowledge the potential of PINS as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PINS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Hotel operator NoMad chosen for Ford's Michigan Central Station in Detroit
Ford Motor Co. has found a luxury hotel operator to fill the top floors of its newly redone Michigan Central Station in Detroit. NoMad Hotels, an upscale boutique brand affiliated with Hilton and featuring a bourgeois-bohemian flair, plans to open an approximately 180-room hotel inside the former train depot in the first half of 2027. The rooms, including 30 suites, will be located on floors 14 through 18 of the building's tower, just off Michigan Avenue. The hotel also will feature a restaurant as well as bar and lounge area on the ground floor, plus a "wellness" space for guests on the third floor. The restaurant will be located on the west side of the building, within the station's to-be-rehabbed "carriage house." The carriage house's exterior clock face, now on display inside the station, is to be restored back to its original place. (The clock was stolen off the building years ago by someone who sought to preserve it from destruction, and anonymously returned shortly after Ford Motor Co. bought the whole property in 2018.) Now known as The Station at Michigan Central, the once-abandoned train depot dates to 1913 and, following its acquisition by Ford and the automaker's dramatic multiyear restoration project, reopened to the public in June 2024 as commercial, office and events space. Ford officials have for years indicated that some type of hotel would eventually be coming to The Station, although details were scarce. The official announcement for NoMad Detroit Michigan Central finally came on Monday, June 2. More: These 10 big and empty downtown Detroit buildings still need to be filled The hotel will be the first-ever occupant for the station's top five floors, officials said, as those floors were originally intended as office space for railroad-related businesses, but were never actually used or even built out. The first NoMad Hotel opened in 2012 in New York City and the brand is described on its website as a "vision of where life and art intersect." There are currently just a handful of NoMad Hotels in the world, including in New York, Las Vegas and London, although only the London location is currently affiliated with Hilton. Last year, Hilton reportedly acquired a controlling stake in New York-based developer Sydell Group to expand the NoMad brand globally. Another new NoMad Hotel is to open in Singapore in 2027. 'A year after we opened Michigan Central Station to the world, our vision to create a global innovation hub and a destination symbolizing Detroit's future is well underway,' Bill Ford, executive chair of Ford Motor Co., said in a statement. 'Together with NoMad and Hilton, we are now announcing the next phase of our ambitious vision offering visitors and the community a unique hotel destination and memorable food and beverage experiences in this iconic landmark," he continued. "The new NoMad Detroit hotel will not just be a place to stay, but an energetic and exciting gathering place for years to come.' In a recent interview, Josh Sirefman, CEO of Michigan Central, said they fielded numerous prospects for the station's hotel operator before deciding on NoMad. 'The interest internationally was amazing," he said. "We had 16 finalist proposals that we worked through and ultimately were very happy to choose the Sydell Group and Hilton together, and the NoMad brand." Sirefman said they appreciate NoMad's creative take on the "luxury lifestyle," with its emphasis on art, culture, community and novel experiences, as well as the brand's past experience operating in unique old buildings, such as how NoMad London is within a former courthouse and police station. 'So there's that ability and understanding of what it means to both honor the history and work with the history, but also to be very forward-looking," he said. Sirefman said it is too early to know potential room rates for NoMad Detroit or how many employees will be needed between the hotel and food and beverage spaces, although that number is likely in the hundreds. "NoMad has built a reputation for developing hotels that take inspiration from the history, art, design and culture that make a place unique," Sydell Group founder and CEO Andrew Zobler said in a statement, "and NoMad Detroit is poised to be no exception." Detroit has been experiencing a mini-boom in recent years of new upscale hotels. Some of the latest openings include the 154-room AC Hotel Detroit at the Bonstelle in Midtown, the nearby 227-room Godfrey Hotel Detroit that is also in Corktown, and the 158-room Cambria Hotel on Lafayette in downtown. Looking ahead, a new 600-room JW Marriott is to open in 2027 next to the Huntington Place convention center and an Edition Hotel is to open in the Hudson's site skyscraper that same year. Contact JC Reindl: 313-378-5460 or jcreindl@ Follow him on X @jcreindl. This article originally appeared on Detroit Free Press: Hotel operator NoMad chosen for Michigan Central Station in Detroit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
43 minutes ago
- CBS News
Minnesota Wild re-sign veteran Marcus Johansson to 1-year, $800,000 contract to avoid free agency
The Minnesota Wild re-signed right wing Marcus Johansson on Monday to a one-year, $800,000 contract that keeps the 15-year veteran from becoming a free agent. Johansson had 11 goals and 23 assists in 72 games for the Wild during the 2024-25 regular season, bouncing between the second and third lines. He was sixth on the team in points. The 34-year-old, who was acquired by the Wild from Washington a few days before the NHL trade deadline in 2023, played the 2024-25 season on a $2 million salary cap charge. Johansson had four goals and four assists in nine games for Sweden last month at the ice hockey world championships to help his native country's team win the bronze medal. He has 185 goals and 332 assists over 983 career regular-season games with seven teams in the NHL.
Gizmodo
an hour ago
- Gizmodo
8 Hours With Nintendo's Switch 2: It's the Sequel Handheld We Wanted
Nintendo's Switch 2 is a better handheld than the original Switch in both overt and subtle ways. The sticks aren't full-sized, but they tilt with just the right amount of force. The plastic has a subtle grainy texture that feels luxurious on my open palms. It's nearly as light and exactly as thin as the device from eight years ago, but it is much more powerful. Nintendo is desperate to prove its new design is worth the $450 asking price, but the real appeal for this console will lie beyond specs when it launches on June 5. You can't comprehend the appeal of the Switch 2 until you have it in hand. Gizmodo Senior Editor of Consumer Tech Raymond Wong and I spent close to eight hours with Nintendo's Switch 2, with the vast majority of that time spent playing Mario Kart World. We also tested out the system's new GameChat feature for online play, local co-op with camera functionality, and the new Welcome Tour 'game.' Both Gizmodo and io9 already shared their impressions of the Joy-Con 2 mouse controls along with several launch and soon-to-launch Switch 2 games. The mouse controls are still a highlight. They're very responsive, and the individual Joy-Con 2 feels comfortable enough in the hand. The optical mouse system works equally well on a flat counter or your pants' legs. See Nintendo Switch 2 at Walmart In my time playing around with the Switch 2, I started to feel like a beaver sliding comfortably into the same den I dug for the original Switch. You can take that statement two different ways. The Switch 2 isn't chock-full of original ideas save for a few select features—namely GameChat, mouse controls, and GameShare. Many of those new features simply enhance the best aspects of the original Switch. The Switch 2 is still the best console for having fun with friends. Nintendo has a problem communicating what's different with its hardware this time around. The Japanese console maker's devices aren't normally made for people who understand the distinction between 60Hz or 120Hz refresh rates or VRR, which is short for variable refresh rate. (If you're curious, refresh rates refer to how many times a screen displays a new image per second, and variable refresh rate is a feature that allows a screen to support a wider range of frame rates, which cuts down on flickering). That lack of specs clarity is why Nintendo made Nintendo Switch 2 Welcome Tour. The game is an interactive instruction manual for the Switch 2 packed with minigames meant to showcase the hardware's improvements. Your tiny player character is plopped down on top of a literal Switch 2 handheld, like you're a tourist visiting a monument to Nintendo's grand vision. There are several islands sectioned off for the left and right Joy-Con 2, the main screen, and the dock, each containing their own minigames and quizzes. The maps include help guides and trivia to teach the layperson what certain Switch 2 tech jargon means and how the hardware works. Some of the minigames are as granular as a quiz where you try to identify the difference between a scene running between 20 fps and 120 fps. Another offers a perspective of what 4K resolution looks like compared to the size of Super Mario Bros. on the NES—a mere 256 x 240 pixels. Nintendo simplifies these terms and makes them comprehensible. The game is one of the better ways to come to terms with many of these technological terms. I think Nintendo made a big mistake not packaging Welcome Tour with the console. Instead, you have to pay $10 for it separately. Save for GameChat and mouse controls, the Switch 2 is a sequel console in every sense of the phrase. Mario Kart World may be a pretty game with some evocative animations for every powerslide and head-on collision with an incoming truck, but it's not the type of game to express the console's overt power. All that's left is specs. The Joy-Con 2 controllers are now big enough to fit adult-sized hands. The 1080p screen is brighter and more colorful than before, and we can't overstate the benefit of 4K support, especially as the screen resolution has become far more ubiquitous since 2017. That stuff matters, but Nintendo has the difficult task of ensuring everyone knows that matters. Consider how the original Switch lasted eight years. Even at release, it was an underpowered console. As of May, Nintendo sold 152.12 million original Switch units, closest to its top-selling device ever, the Nintendo DS. Since it had been around so long, it seemed like everybody had an original Switch. It was so ubiquitous I could visit any friend's house and expect they'd at least have two Joy-Cons and a copy of Mario Kart 8 Deluxe to play around with. Nintendo's original Switch has been around for eight years and still costs $300. The new Switch 2 is still largely untested and costs $150 more. What we still have yet to test is the new GameShare features. In some supported games, GameShare should let one Switch 2 share it for play with both original Switch and Switch 2 owners, even if they don't own that title. GameShare will only support a limited number of titles at launch, but it's a big reason why you should want to keep your eight-year-old console handy. The bigger Joy-Con 2s still support a similarly thin body that made the original so easy to schlep to a friend's house. Together, the features speak to Nintendo's real strength—its focus on playing with friends. After my limited time with it, I already feel that the Switch 2 does everything the original Switch did, but better. It's larger and more comfortable with improved controls. It's more capable of playing demanding games—though we'll need to test out those titles for ourselves to know the true scope of the Switch 2's potential. But as I played Mario Kart World with four-player co-op—even on a single Joy-Con 2 and even when the frame rate took a major hit from running in four-player splitscreen—I was catapulted back into the same sense of joy I have playing Mario Kart 8 or Super Smash Bros. with friends on the couch. New features like having a live view camera in multiplayer can enhance that feeling of community, and perhaps more games can incorporate mouse controls into multiplayer. The Switch shines as the communal console, and when gaming is getting more expensive, we just hope Nintendo can remember where its handheld console truly shines. See Nintendo Switch 2 at Walmart
