Artisan Global Discovery Fund, a global investment management firm, published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A positive return of 11.79% was recorded by the fund for the 3rd Quarter of 2020, ahead of its MSCI All Country World benchmark that returned 8.13%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Artisan Partners, in their Q3 2020 Investor Letter said that they were able to distinguish a value in Zscaler Inc. (NASDAQ: ZS) and initiated a position in the company. Zscaler Inc. is a cloud-based information security company that currently has a $28.265 billion market cap. For the past 3 months, ZS delivered a 36.02% return and settled at $209.87 per share at the closing of January 14th.
Here is what Artisan Global Discovery Fund has to say about Zscaler Inc. in their Investor Letter:
“Zscaler’s scalable, cloud-based security platform is being increasingly adopted amid the pandemic. Not only is Zscaler better equipped to support a remote workforce of the current magnitude, but it is also more secure, easier to configure and less costly to operate at scale. While we believe the trend toward connecting remote devices over the Internet backbone still has meaningful upside, we trimmed our position during the quarter as shares approached our PMV estimate.”
Last November 2020, we published an article telling that Zscaler Inc. (NASDAQ: ZS) was in 35 hedge funds’ portfolio, its all time high statistics. Zscaler Inc. proved its worth by delivering a huge 254.60% return for the past 12 months.
As of September 2020, Artisan Partners had a 2.8 million share position in ZS that amounted to $396 million. However, our calculations showed that Zscaler Inc. (NASDAQ: ZS) does not belong to the 30 most popular stocks among hedge funds.
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
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