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Time To Sell IHS Markit (INFO)?

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Jose Karlo Mari Tottoc
·3 min read
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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 started cashing out of IHS Markit Ltd. (NYSE: INFO) during the third quarter. IHS Markit Ltd. is a provider of financial information that currently has a $36.058 billion market cap. For the past 3 months, INFO delivered a 5.23% return and settled at $83.90 per share at the closing of January 14th.

Here is what Artisan Global Discovery Fund has to say about IHS Markit Ltd. in their Investor Letter:

"IHS Markit is a global provider of financial information, processing and technology services with deep expertise in bank loans, fixed income and derivatives, and the energy and automotive sectors. Since beginning our investment campaign in 2017, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. While IHS remains a top holding in our portfolio given its world-class, steady, data-centric, subscription-based business model, we trimmed our position to fund earlier-stage profit cycle opportunities in our portfolio."

Myimagine/Shutterstock.com

Last December 2020, we published an article telling that IHS Markit Ltd. (NYSE: INFO) was in 44 hedge funds’ portfolio, its all time high statistics. IHS Markit Ltd. proved its worth by delivering a 7.95% return for the past 12 months.

As of September 2020, Artisan Partners had a 15.5 million share position in INFO that amounted to $1.2 billion. However, our calculations showed that IHS Markit Ltd. (NYSE: INFO) 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

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 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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.

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Disclosure: None. This article is originally published at Insider Monkey.