Avory & Co, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. In the letter, the firm talked about the key themes they formulated for 2021 and the coming years, through automation, interactive entertainment, digital work, commerce evolution, financial revolution, and a lot more. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Avory & Co, in their Q4 2020 Investor Letter said that they accumulated a position in Alphabet Inc. (NASDAQ: GOOG), and that they continue to have a positive view for the company. Alphabet Inc. is a global conglomerate business and is the parent company of Google. It currently has an immense $1.2 trillion market cap. For the past 3 months, GOOG delivered a decent 18.03% return and settled at $1,899.40 per share at the closing of January 25th.
Here is what Avory & Co has to say about Alphabet Inc. in their Investor Letter:
“Alphabet (Google) was another purchase in mid-March as the pandemic crushed ad budgets. The company reorganized and leaned into its productivity suite to capture a meaningful share of the collaboration market. The quick pivot to product expansion and user-interface modifications allowed Google to end the year with 4 of the top 9 most downloaded productivity apps. 2020 brought the investment focus back to the quality of management, given that it was the CEOs and their executive teams decisions and execution, that proved to be the most critical part of any business during the year. The current and future outcomes of many of this business will be directly related to the decisions management made in the roughly 60 days of March and April.”
Last December 2020, we published an article telling that Alphabet Inc. (NASDAQ: GOOG) was in 150 hedge fund portfolios, its all time high. GOOG delivered a 30.80% return in the past 12 months.
Our calculations shows that Alphabet Inc. (NASDAQ: GOOG) is ranked 7th in our list of the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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