Ensemble Capital Management, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. In the letter, they discussed the whole year performance of the fund in 2020 and also gave insights on the investment decisions they’ve made last year. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Ensemble Capital Management, in their Q4 2020 Investor Letter said that they consider Booking Holdings Inc. (NASDAQ: BKNG) as one of the notable contributors to their performance. Booking Holdings Inc. is an online global travel services company that currently has a $79.6 billion market cap. For the past 3 months, BKNG delivered a decent 19.84% return and settled at $1,944.33 per share at the closing of January 29th.
Here is what Ensemble Capital Management has to say about Booking Holdings Inc. in their investor letter:
“A notable contributor to our performance came from Booking Holdings. Booking is the largest online travel agent with hotel bookings being the main source of its earnings power. With the pandemic crushing demand for hotel rooms, the company’s revenue is down significantly. But when its started to become clear in early November that vaccines would soon be approved, uncertainty around the length of time before travel would rebound was greatly reduced, sending the stock up 30% for the quarter.”
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Last November 2020, we published an article telling that Booking Holdings Inc. (NASDAQ: BKNG) was in 113 hedge fund portfolios, its all time high statistics. BKNG delivered a 6.22% return in the past 12 months.
Our calculations show that Booking Holdings Inc. (NASDAQ: BKNG) does not belong in our list of 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.
