ServiceNow (NOW) Targets High Growth

Ensemble Capital recently published its 2022 Q2 investor letter, a copy of which can be downloaded here. The fund lost nearly a third of its value this year and trails the S&P 500 Index. However, it posted positive annualized returns of 7% and 10% respectively over the last 3 and 5 years.

One of the main reasons of Ensemble’s poor 2022 performance is the disappointing performance of high growth stocks this year like ServiceNow (NOW). The group of high growth stocks in Ensemble’s...