5 Stocks to Buy in 2021 According to Carl Tiedemann’s TIG Advisors

1. Slack Technologies, Inc. (NYSE:WORK) 

TIG Advisors’ Stake Value: $205,813,000
Percentage of TIG Advisors’ 13F Portfolio: 6.91%
Number of Hedge Fund Holders: 61

Carl Tiedemann’s TIG Advisors holds 4.65 million shares in Slack Technologies, Inc. (NYSE:WORK), worth $205.81 million, representing 6.91% of their portfolio.

In its fourth-quarter 2020 investor letter, TIG Advisors mentioned Slack Technologies, Inc. (NYSE:WORK). Here is what the fund said:

“We became co-owners in Slack, a channels-based communication service for businesses. In an unexpected twist, a few months later it was acquired by Salesforce.com at roughly a 50% premium to what we had paid.

In accordance with my usual practice, I was planning on writing about our investment in Slack. By laying out my investment hypothesis at the onset of an investment, I hope to enable investors to assess in hindsight whether it worked (or not) because of a plausible investment philosophy consistently applied. Given that Slack has effectively already played out as an investment, this rationale has gone. After all, anyone can make a successful investment decision look smart after the fact. …” (Click here to see the full text)

You can also take a peek at 10 Best Dividend Stocks to Buy Now According to Billionaire Jim Simons and 10 Best Stocks to Invest In Right Now According to Seth Klarman