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Is BigCommerce (BIGC) A Smart Long-Term Investment?

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Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. For the fourth quarter, the Polen U.S. Small Company Growth Composite Portfolio (the “Portfolio”) returned 1.59% gross and 1.34% net of fees, outperforming the 0.01% return for the Russell 2000 Growth Index (the “Index”). The Portfolio also produced solid results over the full year, on both an absolute basis and relative to the Index return of 2.83%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Polen U.S. Small Company Growth Fund, in its Q4 2021 investor letter, mentioned BigCommerce Holdings, Inc. (NASDAQ:BIGC) and discussed its stance on the firm. Founded in 2009, BigCommerce Holdings, Inc. (NASDAQ:BIGC) is a Austin, Texas-based IT service management company with a $1.3 billion market capitalization, and is currently spearheaded by its CEO, Brent Bellm. BigCommerce Holdings, Inc. (NASDAQ:BIGC) delivered a -45.86% return since the beginning of the year, while its 12-month returns are down by -67.85%. The stock closed at $19.15 per share on March 11, 2022.

Here is what Polen U.S. Small Company Growth Fund has to say about BigCommerce Holdings, Inc. (NASDAQ:BIGC) in its Q4 2021 investor letter:

"BigCommerce is an open SaaS e-commerce platform that supports both business-to-consumer and B2B businesses with access to the tools and services they need to operate their stores online. With a robust tech stack, repeatable sales process, high-margin business model, and a capable, long-term-oriented management team, we believe the company is positioned to capitalize on retail e-commerce spending, which is anticipated to grow 12% annually and reach $7.4 trillion by 2025. The company has established itself as one of the top-three providers in this large category where there is still tremendous fragmentation despite Shopify, BigCommerce, and Magento’s leadership. There is considerable opportunity for these leaders to take share from the ~500 smaller industry players globally."

15 biggest Canadian software companies
15 biggest Canadian software companies

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Our calculations show that BigCommerce Holdings, Inc. (NASDAQ:BIGC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BigCommerce Holdings, Inc. (NASDAQ:BIGC) was in 29 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. BigCommerce Holdings, Inc. (NASDAQ:BIGC) delivered a -50.62% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on BIGC 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.