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 Match Group, Inc. (NASDAQ: MTCH) and emphasized their views on the company. Match Group, Inc. is a Dallas, Texas-based online dating service company that currently has a $41.4 billion market capitalization. Since the beginning of the year, MTCH delivered a 2.13% return, and as of March 17, 2021, the stock closed at $154.41 per share.
Here is what Artisan Mid Cap Fund has to say about Match Group, Inc. in their Q4 2020 investor letter:
“Match Group is the global leader in online dating services across a portfolio of 45 brands that includes Tinder, Match.com, OkCupid and Plenty of Fish. Dating has been challenged in a socially distanced world, but the company’s growth through the pandemic has proven more resilient than feared. Specifically, Tinder’s paid member count in the most recent quarter was up 6% QOQ and 16% YOY, and user engagement remains above pre-COVID levels. We believe the company is well-positioned to accelerate post-pandemic as social distancing measures are lifted, more people return to face-to-face interactions and as new features are launched which should drive further engagement and monetization on the platform.”
Our calculations show that Match Group, Inc. (NASDAQ: MTCH) 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, Match Group, Inc. was in 72 hedge fund portfolios, compared to 61 funds in the third quarter. MTCH delivered a 0.33% 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.