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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 talked about Zynga Inc. (NASDAQ: ZNGA) in their Q3 2020 Investor Letter. Zynga Inc. is a social game developer that currently has a $10.434 billion market cap. For the past 3 months, ZNGA delivered a 5.57% return and settled at $9.67 per share at the closing of January 15th.
Here is what Artisan Global Discovery Fund has to say about Zynga Inc. in their Investor Letter:
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Last December 2020, we published an article telling that Zynga Inc. (NASDAQ: ZNGA) was in 48 hedge funds’ portfolio. Its all time high statistics is 59. Zynga Inc. proved its worth by delivering a 44.98% return for the past 12 months.
As of September 2020, Artisan Partners had a 70 million share position in ZNGA that amounted to $639 million. However, our calculations showed that Zynga Inc. (NASDAQ: ZNGA) 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
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Disclosure: None. This article is originally published at Insider Monkey.