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Is Bentley Systems (BSY) A Smart Long-Term Buy?

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Artisan Partners Limited Partnership, a high value-added investment management firm, published its ‘Artisan Global Discovery Fund’ fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 16.95% was recorded by its Investor Class: APFDX, 17% by its Advisor Class: APDDX, and 17.05% by its Institutional Class: APHDX, in the fourth quarter of 2020, outperforming its MSCI All Country World benchmark that delivered a 14.68% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Artisan Global Discovery Fund, in their Q4 2020 investor letter, mentioned Bentley Systems, Incorporated (NASDAQ: BSY) and emphasized their views on the company. Bentley Systems, Incorporated is a Pennsylvania-based software development company that currently has a $12 billion market capitalization. Since the beginning of the year, BSY delivered a 9.01% return, extending its 3-month gains to 27.63%. As of March 16, 2021, the stock closed at $44.16 per share.

Here is what Artisan Global Discovery Fund has to say about Bentley Systems, Incorporated in their Q4 2020 investor letter:

"We started new investment campaigns in Bentley Systems. Bentley Systems is the leading provider of infrastructure engineering software used to design roads, bridges, tunnels, rail systems and other public works. We believe there is a meaningful opportunity for infrastructure spend on IT over the next decade given an increased focus on improving the productivity and efficiency of design, build and maintenance. In addition, infrastructure is one of the least digitized verticals of the economy, and there are significant opportunities for software to increase its share of spending. We believe this opportunity is particularly compelling in the Asia Pacific region (China, India), which is expected to represent the bulk of global infrastructure spending over the next couple of decades as the region grows to nearly half of global GDP and population over this timeframe."

weerasak saeku/Shutterstock.com

Our calculations show that Bentley Systems, Incorporated (NASDAQ: BSY) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Bentley Systems, Incorporated was in 19 hedge fund portfolios.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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.