Would You Still Invest in Bill.com Holdings (BILL)?

Alger, an investment management firm, published its “Alger Mid Cap Focus Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the largest portfolio sector weightings were Information Technology and Industrials. The largest sector overweight was Industrials. The portfolio had no exposure to the Utilities or Materials sectors and negligible exposure to the Real Estate sectors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Alger Mid Cap Focus Fund, in its Q4 2021 investor letter, mentioned Bill.com Holdings, Inc. (NYSE: BILL) and discussed its stance on the firm. Bill.com Holdings, Inc. is a San Jose, California-based software company with a $16.2 billion market capitalization. BILL delivered a -36.58% return since the beginning of the year, while its 12-month returns are up by 32.18%. The stock closed at $158.00 per share on January 25, 2022.

Here is what Alger Mid Cap Focus Fund has to say about Bill.com Holdings, Inc. in its Q4 2021 investor letter:

“Bill.com Holdings, Inc., was among the top detractors from performance. Bill.com provides cloud-based software solutions that simplify, digitize, and automate complex back-office financial operations for small and medium size businesses. Its software helps customers to generate and process invoices, streamline approvals, send and receive payments, synchronizing data with their accounting system and manage their cash.”

Photo by Clay Banks on Unsplash

Our calculations show that Bill.com Holdings, Inc. (NYSE: BILL) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BILL was in 65 hedge fund portfolios at the end of the third quarter of 2021, compared to 53 funds in the previous quarter. Bill.com Holdings, Inc. (NYSE: BILL) delivered a -34.87% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on BILL in another article. 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.