Tidefall Capital Management LP, a concentrated, unconstrained investment fund, published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 25.40% was recorded by the fund for the 3rd Quarter of 2020, ahead of its S&P 500 benchmark that returned 8.9%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Tidefall Capital Management in their Q3 2020 Investor Letter said that they were able to distinguish a value in Match Group, Inc. (NASDAQ: MTCH). Match Group, Inc. is an online dating service company that currently has a $40 billion market cap. For the past 3 months, FB delivered a 34.44% return and settled at $150.85 per share at the closing of January 15th.
Here is what Tidefall Capital Management has to say about Match Group, Inc. in their Investor Letter:
“Hinge is quickly becoming an important driver of Match’s intrinsic value. Positioned as an anti-Tinder,
relationship app, it’s been consistently gaining share against its closest competitor, Bumble. Hinge
has now grown 10 fold since Match’s initial investment in the company in September 2017. Its high
income, urban millennial user base represents an attractive long term monetization opportunity. In the
second quarter, Hinge’s average revenue per user increased by 60% year over year to ~47 cents per
day. The most important premium feature in any dating app, “who likes you”, continues without a
paywall, dramatically understating Hinge’s potential profitability. Today, Hinge is estimated to have
0.6% paid subscriber penetration of 25-34 year old singles in the North American and Western
Last November 2020, we published an article telling that Match Group, Inc. (NASDAQ: MTCH) was in 61 hedge funds’ portfolio, its all time high statistics. Match Group, Inc. delivered a -0.22% return YTD.
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
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website.
Disclosure: None. This article is originally published at Insider Monkey.