Below are the former SAC Capital Portfolio Manager Tor Minesuk’s top 5 stock picks for 2021. For a comprehensive list please see Former SAC Capital PM Tor Minesuk’s Top 10 Stock Picks for 2021.
5. Qorvo, Inc (NASDAQ: QRVO)
The chipmaker Qorvo, Inc (NASDAQ: QRVO) is a newcomer in the Tor Minesuk portfolio. The firm has initiated a position in Qorvo during the fourth quarter and it currently represents 4.62% of the overall portfolio. Shares of Qorvo are in green so far in 2021 after outperforming the broader market index in 2020. Qorvo has generated $1.1 billion in December quarter revenue, up 26% year over year.
A total of 51 hedge funds tracked by Insider Monkey held stakes in Qorvo at the end of the third quarter.
4. CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
The security software company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is among the best-performing stocks of the Mondrian Capital Management portfolio. Shares of CrowdStrike rose 265% in the last twelve months, thanks to massive revenue growth trends. Its September quarter revenue grew 85% year over year.
Carillon Eagle Mid Cap Growth Fund has also praised CrowdStrike’s revenue growth trends in an investor letter. Here’s what Carillon Eagle Mid Cap Growth Fund stated:
“CrowdStrike continues to deliver strong results with impressive revenue growth. The company provides leading software for the security of computers, servers, and mobile phones, and is displacing legacy antivirus vendors. In addition, the company is expanding its portfolio of security products to now include software that detects vulnerabilities in technology infrastructure and software for technology asset management.”
3. Twilio Inc. (NYSE: TWLO)
After initiating a position in Twilio Inc. (NYSE: TWLO) during the third quarter of 2020, the firm has reduced its stake by 20% in the fourth quarter. Despite that, it is currently the third-largest stock holding of Mondrian Capital Management. Shares of Twilio rallied almost 60% in the last three months due to strong financial numbers. Its September quarter revenue grew 50% year over year and the company has topped analyst’s revenue and earnings estimates in the last three consecutive quarters.
2. Varonis Systems, Inc (NASDAQ: VRNS)
Varonis Systems Inc (NASDAQ: VRNS) contributed strongly to Tor Minesuk’s hedge fund’s performance in 2020 and it is among the best performers so far in 2021. Shares of Varonis Systems, Inc (NASDAQ: VRNS) grew 115% in the last twelve months. It is the second-largest stock holding of Mondrian Capital, according to the latest 13F filings.
Varonis Systems, Inc. provides software products and services that allow enterprises to manage, analyze, and secure enterprise data in North America, Europe, the Middle East, Africa, and internationally.
1. ServiceNow, Inc. (NYSE: NOW)
The hedge fund has initiated a big position in ServiceNow, Inc. (NYSE: NOW) during the fourth quarter and it appears that Tor Minesuk’s stock-picking strategy worked because shares of ServiceNow are up 7% so far in 2021 compared to the S&P 500 growth of 4%. The latest gains are supported by stronger-than-expected results for the fourth quarter. Its fourth-quarter revenue of $1.23 billion increased 29.2% year over year, beating Wall Street consensus estimate by $20 million.
Please also see Billionaire Richard Chilton’s Top 10 Stock Picks and Billionaire Paul Tudor Jones’ Top 10 Stock Picks
