Artisan Global Discovery Fund, a global investment management firm, published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A positive return of 11.79% was recorded by the fund for the 3rd Quarter of 2020, ahead of its MSCI All Country World benchmark that returned 8.13%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Artisan Partners, in their Q3 2020 Investor Letter said that they were able to distinguish a value in Clarivate Plc (NYSE: CCC) and initiated a position in the company. Clarivate Plc is a provider of analytics, data, information and workflow solutions that currently has a $17.961 billion market cap. For the past 3 months, CCC delivered a -3.41% return and settled at $29.48 per share at the closing of January 14th.
Here is what Artisan Global Discovery Fund has to say about Clarivate Plc in their Investor Letter:
“Clarivate is a specialized provider of analytics, data, information and workflow solutions to economic sectors that are intellectual property (IP)- and brand-intensive. The company recently announced it is acquiring CPA Global, a provider of IP software and services to corporate customers and law firms. CPA Global automates the IP filing process, manages the IP lifecycle and provides data and analytics about IP workflows, which we believe will build out Clarivate’s existing IP franchise and improve the company’s overall growth profile over time. Given a dominant market share in its niche data and analytics businesses, a high recurring revenue base and a solid execution track record of acquiring franchises and subsequently driving better sales execution and margin improvement, we are confident in the profit cycle ahead.”
Last December 2020, we published an article telling that Clarivate Plc (NYSE: CCC) was in 37 hedge funds’ portfolio. Its all time high statistics is 45. Clarivate Plc proved its worth by delivering a 56.56% return for the past 12 months.
As of September 2020, Artisan Partners had a 6.2 million share position in CCC that amounted to $193 million. However, our calculations showed that Clarivate Plc (NYSE: CCC) does not belong to 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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Disclosure: None. This article is originally published at Insider Monkey.