Sterling Partners Equity Advisors, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The Fund owns well-capitalized companies that earn good returns over cycles. They sell differentiated products and services that serve a niche, with a “moat” to quote Morningstar, and the fund buys them at what they believe are attractive prices. The fund will be looking for more of them in 2022. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Sterling Partners Equity Advisors, in its Q4 2021 investor letter, mentioned Corsair Gaming, Inc. (NASDAQ:CRSR) and discussed its stance on the firm. Founded in 1994, Corsair Gaming, Inc. (NASDAQ:CRSR) is a Fremont, California-based computer peripherals and hardware company with a $1.9 billion market capitalization, and is currently spearheaded by its CEO, Andy Paul. Corsair Gaming, Inc. (NASDAQ:CRSR) delivered a -1.76% return since the beginning of the year, while its 12-month returns are down by -35.44%. The stock closed at $20.64 per share on March 25, 2022.
Here is what Sterling Partners Equity Advisors has to say about Corsair Gaming, Inc. (NASDAQ:CRSR) in its Q4 2021 investor letter:
“Corsair Gaming is a global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts. Corsair delivers a full ecosystem of products; PC Components, Peripherals, Premium Streaming Equipment, and Smart Ambient Lighting. Corsair responded to the difficult sourcing and shipping environment by building inventory closer to its customers. Management believes that once this difficult supply chain is behind them their targeted growth and profitability targets will return. We believe in the growing gaming market globally and Corsair is positioned well to support this growing customer base with a platter of products.”
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Our calculations show that Corsair Gaming, Inc. (NASDAQ:CRSR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Corsair Gaming, Inc. (NASDAQ:CRSR) was in 18 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 13 funds in the previous quarter. Corsair Gaming, Inc. (NASDAQ:CRSR) delivered a -7.77% return in the past 3 months.
In August 2021, we published an article that includes Corsair Gaming, Inc. (NASDAQ:CRSR) in the 10 Reddit’s WallStreetBets Stocks That are Tumbling. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
