Harbor Spring Capital Investor Letter: Why Activision Blizzard (ATVI), Entercom (ETM) Look Undervalued

Amit Nitin Doshi‘s Harbor Spring Capital has been a strong performer since its mid-2013 inception, with annualized gross returns of 14.5% through the middle of 2018, outpacing the S&P 500’s 13.4% annualized returns during that time. The fund’s performance was even better through the first-half of 2018, as its 8.8% gross returns were more than triple those of the S&P 500 (2.6%).

In its second-quarter investor letter, Harbor Spring talked about its five-year journey as a hedge fund and how it has adapted and strengthened its processes during that time. The fund also provided analysis of several of its long and short stock picks, which are diversified across geography, sector and market cap. PagSeguro Digital Ltd. (NYSE:PAGS), Activision Blizzard, Inc. (NASDAQ:ATVI) and Entercom Communications Corp. (NYSE:ETM) were among the stocks discussed in the letter, which can be downloaded and read in its entirety here.

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Disclosure: None