Artisan Partners Limited Partnership, a high value-added investment management firm, published its ‘Artisan Mid Cap Fund’ fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 16.82% was recorded by its Investor Class: ARTMX, 16.87% by its Advisor Class: APDMX, and 16.89% by its Institutional Class: APHMX, in the fourth quarter of 2020, all below its Russell Midcap Growth Benchmark that delivered a 19.02% return and its Russel Midcap Index that was up by 19.91% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Artisan Mid Cap Fund, in their Q4 2020 investor letter, mentioned IHS Markit Ltd. (NYSE: INFO) and emphasized their views on the company. IHS Markit Ltd. is a London, UK-based information provider that currently has a $37.99 billion market capitalization. Since the beginning of the year, INFO delivered a 6.65% return, extending its 12-month gains to 72.52%. As of March 17, 2021, the stock closed at $95.80 per share.
Here is what Artisan Mid Cap Fund has to say about IHS Markit Ltd. in their Q4 2020 investor letter:
“We pared our exposure to IHS Markit during Q4. IHS Markit is a global provider of information services to the financial services, automotive and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced during the quarter that it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we have been harvesting our position as the deal could receive extended regulatory scrutiny, and if approved, the combined entity will be well beyond our mid-cap market cap mandate.”
Our calculations show that IHS Markit Ltd. (NYSE: INFO) 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, IHS Markit Ltd. was in 59 hedge fund portfolios, compared to 44 funds in the third quarter. INFO delivered a 9.16% 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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Disclosure: None. This article is originally published at Insider Monkey.