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 were able to distinguish a value in Gerresheimer AG (ETR: GXI) and initiated a position in the company. Gerresheimer AG is a German manufacturer of packaging products for medication and drug delivery devices that currently has a $2.779 billion market cap. For the past 12 months, GXI delivered a 36.15% return and settled at $88.50 per share at the closing of January 14th.
Here is what Artisan Global Discovery Fund has to say about Gerresheimer AG in their Investor Letter:
“We started new investment campaigns in Gerresheimer. Gerresheimer is a German manufacturer of packaging products for medication and drug delivery devices made of specialty glass and plastic—bottles, vials, syringes, ampoules, cartridges, inhalers, insulin pens, etc. After years of lackluster growth, a new management team is dedicated to accelerating revenue growth by focusing on higher value products such as ready-to-fill vials, higher-resistance glass vials and smart devices. Management is also focused on penetrating the biologics market by helping small biotech companies choose the right glass vials for their products. From an operational standpoint, the company has also increased investments to expand manufacturing capacity and drive increased automation. We believe the confluence of these efforts should accelerate top-line growth and improve margins in the period ahead.”
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Video: Top 5 Stocks Among Hedge Funds
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