Top 5 Stock Picks of Leon Shaulov’s Maplelane Capital

1. Nuance Communications Inc. (NASDAQ:NUAN)

Maplelane Capital’s Stake Value: $51.187 million

Percentage of Maplelane Capital’s 13F Portfolio: 1.73%

Number of Hedge Fund Holders as of Q3 2021: 61

Nuance Communications Inc. (NASDAQ:NUAN) is a software technology company that is famous for its clinical speech recognition and artificial intelligence software used in the United States healthcare industry. By the end of the third quarter of 2021, Leon Shaulov’s Maplelane Capital held 930,000 shares of Nuance Communications Inc. (NASDAQ:NUAN) worth over $51 million and constituting 1.7% of the fund’s 13F portfolio. 

Investment management firm Rhizome Partners published its third-quarter 2021 investor letter in which it mentioned Nuance Communications Inc. (NASDAQ: NUAN). Here is what the letter said about Nuance Communications Inc. (NASDAQ: NUAN) in its Q3 2021 investor letter:

“We also exited our small position in Nuance upon Microsoft’s acquisition. Nuance is a leader in voice recognition software, with dominant market share, and its speech-to-text product is the gold standard in radiology. In addition, by eliminating the need for note taking and allowing doctors to focus on patient care, Nuance could transform the way doctors treat patients. We built a 1% position in Nuance after attending its comprehensive investor day. Our view is that if Nuance can successfully grow its voice-recognition software in doctor’s offices, it could be worth multiples of our cost basis. Microsoft’s acquisition eliminated the multi-bagger upside but also partially validates the belief that Nuance is a high-quality technology company. We exited Nuance with a 62% gain in less than a year. This example is representative of the slight adjustments we made to our portfolio construction. We will allocate to small bets on technology and high-growth companies that could increase our exposure to “right tail” upside. Rest assured that our focus is still roughly 50% real estate, 30% high-quality companies trading at cheap multiples of free cash flow, and the rest in investments with the potential for growth and higher upside.”

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