Nomadic Value Partners’ Q4 2020 Investor Letter

Nomadic Value Partners, a research and portfolio management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. In the letter, they talked about how the US equity market is undeniably overvalued, and is most probably in a ‘bubble’ territory. The fund also emphasized their ‘Nomadic’ approach, which they defined as a “thesis-driven investing”, that looks for positive, multi-year change within industries and also seek ways to competitively take market share and ultimately profit from it. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.