---
title: "(Video) $14 Million Heavy Position! Hedge Fund Reveals Logic Behind Holding Hims"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42239303.md"
description: "In the 71st episode of "Hims House," Jonathan Stern engaged in an in-depth conversation with hedge fund manager Ignacio Canto. Ignacio is the founder and portfolio manager of X-Square Capital, which held over 420,000 shares of Hims as of the first quarter. Canto traced his interest in the company over the years, stemming from his personal experience using the product and the professional perspective of his late father, a urologist..."
datetime: "2026-06-26T12:24:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42239303.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42239303.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42239303.md)
author: "[*ST昆汀丨清仓重启](https://longbridge.com/en/profiles/4868421.md)"
generator: "portal-rs"
---

# (Video) $14 Million Heavy Position! Hedge Fund Reveals Logic Behind Holding Hims

In the 71st episode of "Hims House," Jonathan Stern engaged in an in-depth conversation with hedge fund manager Ignacio Canto. Ignacio is the founder and portfolio manager of X-Square Capital, which held over 420,000 shares of Hims as of the first quarter.

Canto traced his long-standing interest in the company back to his personal experience using the products and the professional perspective of his late father, a urologist. He views Hims as a platform-based company directly confronting a fragmented, expensive, and inefficient healthcare system. He explained why he never considered selling his shares amid the legal turmoil involving Novo Nordisk, then outlined the core moats he values: network effects, data ownership, in-house developed wearable devices, and a retail investor following that allows the company to access cheap equity capital. He likened Hims to a combination of Costco and Netflix, arguing with Tesla-like logic why the retail investor "cult" is itself part of the investment thesis; simultaneously, he pointed out that international expansion broadens its Total Addressable Market (TAM) and helps uncover core business potential.

While he listed industry regulation and market competition as primary risks, he believes the company possesses logarithmic upside potential, making any linear price target a mental trap— and believes the stock could ultimately achieve a 10x Price-to-Sales (P/S) ratio.$Hims & Hers Health(HIMS.US)

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## Comments (6)

- **MerlinXu · 2026-06-27T02:16:13.000Z**: I bought Morgan Stanley in March. JP Morgan sold before the surge.
  - ***ST昆汀丨清仓重启** (2026-06-27T12:19:14.000Z): Sis, when are you coming back to eat meat🍖
- **老板不要放葱 · 2026-06-26T14:13:11.000Z**: This guy has been rising against the trend recently.
  - ***ST昆汀丨清仓重启** (2026-06-26T14:15:49.000Z): Calling you back to pick up money💰
  - **老板不要放葱** (2026-06-26T14:17:02.000Z): You picked it up again?
  - ***ST昆汀丨清仓重启** (2026-06-26T14:18:33.000Z): Right


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**