Top 5 Stock Picks of Anand Desai’s Darsana Capital Partners

4. Guidewire Software, Inc. (NYSE:GWRE)

Desai’s Stake Value: $281,800,000

Percentage of Anand Desai’s 13F Portfolio: 8.01%

Number of Hedge Fund Holders: 27

Founded by Marcus Ryu, John Seybold, Ken Branson, John Raguin, James Kwak, and Mark Shaw in 2001, Guidewire Software, Inc. (NYSE:GWRE) is a renowned software company headquartered in San Mateo, California. It focuses on property and casualty (P&C) insurance with ClaimCenter, PolicyCenter, and BillingCenter as its main products.

Darsana Capital Partners has 2.5 million shares worth $281.8 million in Guidewire Software, Inc. (NYSE:GWRE).

Wasatch Global Investors, in its Q1 2021 investor letter, mentioned Guidewire Software, Inc. (NYSE:GWRE). Here is what they said:

“Guidewire Software, Inc. (GWRE) was another large detractor. The company provides enterprise software for the property and casualty insurance industry. The software supports collaborative workflow, cooperation with external partners and rule-based decision making—all of which characterize modern underwriting and claims operations. Guidewire’s InsuranceSuite platform allows insurance-industry customers to manage claims, policies and billing functions. Other modules can be added to assist in data management, analytics and digital engagement. We believe Guidewire will eventually be well-positioned to benefit as insurance companies increasingly replace their core (usually on-premises) legacy software with centralized, cloud-based offerings. In the shortterm, however, Guidewire has seen some challenges with its move to the cloud. We think these challenges, along with the broad correction among technology names, accounted for the stock-price decline.”