TGV Partners: “Interactive Brokers (IBKR) has had a Very Good Year Operationally”

TGV Partners Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.  The share price of the Teilgesellschaftsvermégen (TGV) Partners Fund was EUR 265.40 on December 30, 2021. The change in the value for 2021, including all costs, was + 38.21 %.1 The DAX achieved a performance of + 15.79 % in the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

TGV Partners Fund, in its Q4 2021 investor letter, mentioned Interactive Brokers Group, Inc. (NASDAQ: IBKR) and discussed its stance on the firm. Interactive Brokers Group, Inc. is a Greenwich, Connecticut-based foreign exchange company with a $30.0 billion market capitalization. IBKR delivered a -9.15% return since the beginning of the year, while its 12-month returns are up by 5.98%. The stock closed at $72.15 per share on January 18, 2022.

Here is what TGV Partners Fund has to say about Interactive Brokers Group, Inc. in its Q4 2021 investor letter:

Interactive Brokers has had a very good year operationally. In the Corona year 2020, Interactive Brokers was swamped with customers like most other online brokers. Due to the lockdown from March that year, the number of customers in 2020 increased by over + 50 %. Most market observers expected this influx of customers to calm down after the lockdowns in 2020 and return to a more normal growth path. With around 1.67 million customers, Interactive Brokers now had 56 % more customers by the end of the year than the previous year, and there was little sign of a decline in customer influx even up to December 2021. Since the business model is a very fixed-cost business in the form of a software platform and every new customer is incrementally very valuable, this is fantastic news.”

Our calculations show that Interactive Brokers Group, Inc. (NASDAQ: IBKR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. IBKR was in 31 hedge fund portfolios at the end of the third quarter of 2021, compared to 36 funds in the previous quarter. Interactive Brokers Group, Inc. (NASDAQ: IBKR) delivered a -3.80% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.