5 Best Stocks To Buy According To Jay Genzer’s Thames Capital Management

3. Mastercard Incorporated (NYSE:MA)

Thames Capital Management’s Stake Value: $17.96 million
Percentage of Thames Capital Management’s 13F Portfolio: 4.21%
Number of Hedge Fund Holders: 156

At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 154 the preceding quarter worth $17.09 billion. By the end of Q2, Jay Genzer held 49,200 shares in the company, worth more than $17.96 million, accounting for 4.21% of the fund’s total portfolio value.

In the Q2 2021 investor letter of Qualivian Investment Partners, the fund mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”