Artisan Partners Limited Partnership, a high value-added investment management firm, published its ‘Artisan Global Discovery Fund’ fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 16.95% was recorded by its Investor Class: APFDX, 17% by its Advisor Class: APDDX, and 17.05% by its Institutional Class: APHDX, in the fourth quarter of 2020, outperforming its MSCI All Country World benchmark that delivered a 14.68% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Artisan Global Discovery Fund, in their Q4 2020 investor letter, mentioned Zynga Inc. (NASDAQ: ZNGA) and emphasized their views on the company. Zynga Inc. is a California-based social game developer that currently has an $11 billion market capitalization. Since the beginning of the year, ZNGA delivered a 4.46% return, extending its 12-month gains to 66.29%. As of March 16, 2021, the stock closed at $10.31 per share.
Here is what Artisan Global Discovery Fund has to say about Zynga Inc. in their Q4 2020 investor letter:
Our calculations show that Zynga Inc. (NASDAQ: ZNGA) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Zynga Inc. was in 52 hedge fund portfolios, compared to 48 funds in the third quarter. ZNGA delivered an 8.30% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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