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Avory & Co, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. In the letter, the firm talked about the key themes they formulated for 2021 and the coming years, through automation, interactive entertainment, digital work, commerce evolution, financial revolution, and a lot more. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Avory & Co, in their Q4 2020 Investor Letter said that their position in Mohawk Group Holdings, Inc. (NASDAQ:MWK) is in the early days of a similar path to what unfolded the multi-billion company, Amazon. Mohawk Group Holdings, Inc. is a technology-enabled consumer products company that currently has a $654.6 million market cap. For the past 3 months, MWK delivered a massive 209.07% return and settled at $24.98 per share at the closing of January 25th.
Here is what Avory & Co has to say about Mohawk Group Holdings, Inc. in their Investor Letter:
"We believe that we are currently in the early days of a similar story to what unfolded in Amazon AWS. Mohawk is quietly becoming a leading consumer products company that currently sells mostly on the Amazon platform. With 11 brands and over 280 product SKU’s, Mohawk is on pace for a record 2021 of around $300m in annual sales. The company uses data from multiple sources, including Amazon, where most of its sales come from, along with other third-party sources. Their strategy is straightforward: find categories where there is no clear leader, improve the product by addressing pain points in negative reviews, and automate marketing and logistics to become the leading seller within the category. The goal is to do this across categories, internationally and even on other marketplace platforms."
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Video: Top 5 Stocks Among Hedge Funds
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