Richie Capital Group LLC, an equity-focused investment management firm, published its fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of -11.5% was recorded by the fund’s Long Short Portfolio in the fourth quarter of 2020, below its Russell 3000 benchmark, and S&P 500 index that delivered a 14.7% and 11.7% return respectively in the same period. Meanwhile, Richie Capital Group’s Long Only Portfolio delivered a 16.9% return in the past quarter. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Richie Capital Group, in their Q4 2020 investor letter, mentioned Amphenol Corporation (NYSE: APH) and emphasized their views on the company. Amphenol Corporation is a Wallingford, Connecticut-based fiber optic cable manufacturing company that currently has a $39.8 billion market capitalization. Since the beginning of the year, APH delivered a 1.26% return, extending its 12-month gains to 74.63%. As of March 29, 2021, the stock closed at $66.21 per share.
Here is what Richie Capital Group has to say about Amphenol Corporation in their Q4 2020 investor letter:
“Amphenol (APH – Up 18.7%) – In December, our high-speed, specialty connector manufacturer announced the acquisition of MTS Systems Corp for $1.7B to enhance their sensor products catalog. Having completed more than a dozen acquisitions since 2016, growth through acquisition is a key tenet of their business strategy and we view this transaction as business as usual. You can read more about our investment thesis for Amphenol here.”
Our calculations show that Amphenol Corporation (NYSE: APH) 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, Amphenol Corporation was in 41 hedge fund portfolios, compared to 49 funds in the third quarter. APH delivered a 1.99% return in the past 3 months.