In this article, we will be discussing the 5 stocks to buy according to Jay Genzer’s Thames Capital Management. If you wish to see our detailed analysis of Genzer’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Stocks To Buy According To Jay Genzer’s Thames Capital Management.
5. Vertiv Holdings Co. (NYSE:VRT)
Thames Capital Management’s Stake Value: $15.6 million
Percentage of Thames Capital Management’s 13F Portfolio: 3.66%
Number of Hedge Fund Holders: 36
Vertiv Holdings Co. (NYSE:VRT) is an Ohio-based company that offers key digital infrastructure technology and life cycle services for data centers and communication networks.
On September 13, JPMorgan analyst Stephen Tusa lowered Vertiv Holdings Co. (NYSE:VRT) stock to Neutral from Overweight rating with an unchanged price target of $25, mentioning estimate cuts and relative valuation for the downgrade.
The data collected by Insider Monkey shows that Jay Genzer’s Thames Capital Management held 572,606 shares of Vertiv Holding Co (NYSE:VRT) in the second quarter of 2021, worth $158.8 million.
At the end of the second quarter of 2021, 36 hedge funds in the database of Insider Monkey held stakes worth $904.3 million in Vertiv Holdings Co (NYSE: VRT), down from 39 the preceding quarter worth $997.2 million.
Baron Funds, in its Q2 investor letter, mentioned Vertiv Holdings Co. (NYSE:VRT). Here is what the fund said:
“Vertiv Holdings, LLC is a leading manufacturer of critical digital infrastructure technology for data centers, communication networks, and commercial and industrial environments. Vertiv reported organic sales growth of 19.5% in the last quarter, well above expectations. Orders were up 21% and backlog 31%, which are good indicators of long-term demand for its products. Margins also were much higher than projected leading to a large earnings beat, and we think there is opportunity for continued margin expansion. The company’s balance sheet is much improved, and it has an active acquisitions funnel. We believe that the company will continue to grow nicely and believe its stock still offers great promise, as it is inexpensive on an absolute basis and low relative to its peers
4. Visa Inc. (NYSE:V)
Thames Capital Management’s Stake Value: $16.3 million
Percentage of Thames Capital Management’s 13F Portfolio: 3.82%
Number of Hedge Fund Holders: 162
Visa Inc. (NYSE:V) is a multinational financial services company that enables the electronic transfer of funds throughout the world. Based in California, the company ranks fourth on our list of the 10 best stocks to buy according to Jay Genzer’s Thames Capital Management.
At the end of the second quarter of 2021, 162 hedge funds in the database of Insider Monkey held stakes worth $27.6 billion in Visa Inc. (NYSE:V), down from 164 in the previous quarter with stakes worth $26.5 billion.
According to our database, Thames Capital Management holds 69,782 shares of Visa Inc. (NYSE:V). These shares are valued at $16.3 million and account for 3.82% of the investment firm’s 13F portfolio.
On August 17, JPMorgan analyst Tien-tsin Huang raised the firm’s price target on Visa Inc. (NYSE:V)to $267 from $249, and kept an Overweight rating on the shares.
In its Q1 2021 investor letter, ClearBridge Investments declared selling off companies that were not as profitable in order to make room to add Visa Inc. (NYSE:V) to their portfolio. Here is what the fund said:
“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”
3. Mastercard Incorporated (NYSE:MA)
Thames Capital Management’s Stake Value: $17.96 million
Percentage of Thames Capital Management’s 13F Portfolio: 4.21%
Number of Hedge Fund Holders: 156
At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 154 the preceding quarter worth $17.09 billion. By the end of Q2, Jay Genzer held 49,200 shares in the company, worth more than $17.96 million, accounting for 4.21% of the fund’s total portfolio value.
In the Q2 2021 investor letter of Qualivian Investment Partners, the fund mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:
“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”
2. Apple Inc. (NASDAQ:AAPL)
Thames Capital Management’s Stake Value: $24.9 million
Percentage of Thames Capital Management’s 13F Portfolio: 5.86%
Number of Hedge Fund Holders: 138
Apple Inc. (NASDAQ:AAPL) is placed second on our list of the 10 best stocks to invest in according to Jay Genzer’s Thames Capital Management. The California-based company operates as a technology firm with a large stake in the consumer electronics business.
On October 8, Morgan Stanley analyst Katy Huberty maintained an Overweight rating and $168 price target on Apple Inc. (NASDAQ:AAPL) shares.
By the end of the second quarter of 2021, Jay Genzer held 182,512 shares in Apple Inc. (NASDAQ:AAPL), worth more than $24.9 million. These shares represented 5.86% of his hedge fund’s portfolio value. According to our database, 138 hedge funds were long in Apple Inc. (NASDAQ:AAPL) in the second quarter of 2021, compared to 127 funds in the preceding quarter.
In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:
“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”
1. Microsoft Corporation (NASDAQ:MSFT)
Thames Capital Management’s Stake Value: $25.19 million
Percentage of Thames Capital Management’s 13F Portfolio: 5.9%
Number of Hedge Fund Holders: 238
On September 17, Tigress Financial analyst Ivan Feinseth raised his price target on Microsoft Corporation (NASDAQ:MSFT) to $366 from $303, and kept a Buy rating on the shares.
By the end of the second quarter of 2021, 238 hedge funds out of the 873 tracked by Insider Monkey held stakes in Microsoft Corporation (NASDAQ:MSFT), worth roughly $62.46 billion, compared to 251 hedge funds in the previous quarter, with stakes worth approximately $58.9 billion.
Thames Capital Management reported owning 93,009 shares in the technology giant, amounting to approximately $25.19 million in worth and representing 5.9% of the fund’s investment portfolio.
In its Q1 2021 investor letter, Polen Capital, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:
“We have written extensively about Microsoft in recent commentaries. It was our leading contributor last year and one of our largest weightings within the Portfolio. It continues to experience business momentum through several dominant, essential, and competitively advantaged businesses, like Office 365 and Azure. The markets it competes for are enormous, which gives the company the ability to compound at scale. In the past quarter alone, the company generated over $40 billion in revenue, representing a 17% growth rate. The inherent operating leverage in Microsoft’s business model continues and led to 34% earnings growth this past quarter. Despite the broad rotation we saw in the first quarter and Microsoft’s robust performance in 2020, we think its business fundamentals continue to exhibit strength, and the stock continues to reflect the fundamentals.”
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