Artisan Partners, a high value-added investment management firm, published its "Artisan Value Fund" first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.78% was recorded by its Investor Class: ARTLX, 10.76% by its Advisor Class: APDLX, and 10.75% by its Institutional Class: APHLX for the first quarter of 2021, all below the Russell 1000® Value Index that delivered an 11.26% return, but outperforming the Russell 1000® Index that gained 5.91% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Artisan Partners, in its Q1 2021 investor letter, mentioned Electronic Arts Inc. (NASDAQ: EA), and shared their insights on the company. Electronic Arts Inc. is a Redwood City, California-based video game company that currently has a $40.9 billion market capitalization. Since the beginning of the year, GS delivered a -0.58% return, while its 12-month gains are up by 16.27%. As of May 28, 2021, the stock closed at $142.93 per share.
Here is what Artisan Partners has to say about Electronic Arts Inc. in its Q1 2021 investor letter:
"Video game publisher Electronic Arts (EA) has recently experienced muted performance relative to peers. The company is expanding its moat as COVID-19 pulled forward gamer engagement in 2020 and early 2021. While we expect current growth rates will slow, the long-term value of the company’s user community has increased. EA’s net cash balance sheet and industry leadership fit well with our philosophy and process, and while the recently acquired Codemasters and GLUU Mobile will draw down cash, the balance sheet remains strong and the deals further EA’s mobile growth strategy. We believe our stake in EA represents how we can think opportunistically to build an eclectic, idiosyncratic portfolio to deliver value over the long term."
Our calculations show that Electronic Arts Inc. (NASDAQ: EA) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Electronic Arts Inc. was in 44 hedge fund portfolios, compared to 50 funds in the fourth quarter of 2020. EA delivered a 4.00% return in the past 3 months.
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