Polen Capital Management, a high-conviction growth investment management firm, published its “Polen International Growth Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 4.79% was recorded by the fund in the fourth quarter of 2020, below its MSCI All Country World benchmark that delivered a 17.02% return in the same period. For the full year of 2020, the Portfolio returned 12.75% versus 10.65% for the Index. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Polen International Growth Fund, in their Q4 2020 investor letter, mentioned RELX PLC (NYSE: RELX) and emphasized their views on the company. RELX PLC is a London, United Kingdom-based information and analytics company that currently has a $48.2 billion market capitalization. Since the beginning of the year, RELX delivered a 2.78% return, extending its 12-month gains to 17.78%. As of March 26, 2021, the stock closed at $25.16 per share.
Here is what Polen International Growth Fund has to say about RELX PLC in their Q4 2020 investor letter:
“In the fourth quarter, we exited our investment in RELX. Our third quarter letter explained our thoughts about RELX’s growth prospects when we first trimmed our position. In summary, headwinds like pricing pressure and funding squeezes from its university customers were areas we were monitoring. In the fourth quarter, we elected to sell our remaining investment in RELX.”
Our calculations show that RELX PLC (NYSE: RELX) 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, RELX PLC was in 8 hedge fund portfolios, compared to 6 funds in the third quarter. RELX delivered a 2.49% return in the past 3 months.