Polen Capital Management, a value-driven, concentrated, long-term investment management firm, published its ‘Polen Global Growth’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 7.70% was recorded by the fund for the Q4 of 2020, below its MSCI All-Country World benchmark that delivered a 14.69% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Polen Global Growth in their Q4 2020 Investor Letter said that Adobe Inc. (NASDAQ: ADBE) was a strong performer for the fund during the fourth quarter of 2020. Adobe Inc. is a premier computer software company that currently has a $234.2 billion market cap. For the past 3 months, ADBE delivered a -1.43% return and settled at $489.38 per share at the closing of February 4th.
Here is what Polen Global Growth has to say about Adobe Inc. in their investor letter:
“Adobe has been a strong performer since our initial purchase in early 2016 and has since compounded annually over 40%. This year has been no exception, with the business performing superbly and the stock appreciating by over 50%. CEO Shantanu Narayen stated, “This reality has created new tailwinds for Adobe.” In addition to consistent and recurring double digit revenue growth, its margin expansion has significantly boosted its earnings power. Non-GAAP operating margins have expanded by over 550 bps in the past year. At the same time, we also believe that CEO Narayen deserves more credit for his capital allocation prowess. He has made sound acquisitions that have boosted the value proposition of his company’s products while strengthening the competitive advantages of the business.”
Last November 2020, we published an article telling that Adobe Inc. (NASDAQ: ADBE) was in 106 hedge fund portfolios. Its all time high statistics is 115. ADBE delivered a 33.18% return in the past 12 months.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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