Artisan Partners, a high value-added investment management firm, published its ‘Artisan Small Cap Fund’ fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of -6.99% was recorded by its Investor Class: ARTSX, -6.93% by its Advisor Class: APDSX, and -6.93% by its Institutional Class: APHSX for the fourth quarter of 2021, all below the Russell 2000® Growth Index that delivered a 0.01% return and the Russell 2000® Index that was up by 2.14% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Artisan Small Cap Fund, in its Q4 2021 investor letter, mentioned BigCommerce Holdings, Inc. (NASDAQ: BIGC) and discussed its stance on the firm. BigCommerce Holdings, Inc. is an Austin, Texas-based IT service management company with a $1.8 billion market capitalization. BIGC delivered a -29.57% return since the beginning of the year, while its 12-month returns are down by -60.35%. The stock closed at $24.91 per share on February 24, 2022.
Here is what Artisan Small Cap Fund has to say about BigCommerce Holdings, Inc. in its Q4 2021 investor letter:
“BigCommerce is a SaaS e-commerce platform powering both customers’ branded e-commerce stores as well as connections to online marketplaces, social networks and offline point-of-service systems. The company’s capabilities include store design, catalog management, hosting, checkout, order management, reporting and pre-integration into third-party services offering payments, shipping and accounting. We added to our position during the quarter given our belief the company is poised to gain share as brands seek to expand their direct-to-consumer sales. While Shopify is clearly thriving as an e-commerce enabler for small and medium businesses, our research suggests BigCommerce is increasingly seen as a robust solution for larger brands seeking to upgrade their older solutions while maintaining flexibility to integrate with other systems and partners. Our thesis was supported by solid Q3 results, which showed strong top-line growth (+49% YoY) and positive trends among its larger enterprise customers—where BigCommerce saw 50% YoY growth in annual recurring revenue (4 consecutive quarters of 50% or greater growth).”
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Our calculations show that BigCommerce Holdings, Inc. (NASDAQ: BIGC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BIGC was in 29 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. BigCommerce Holdings, Inc. (NASDAQ: BIGC) delivered a -49.00% return in the past 3 months.
In September 2021, we also shared another hedge fund’s views on BIGC in another article. You can find other 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.
