10 New Stocks for 2021: Qing Li's Sciencast Management Portfolio
In this article, we will discuss the top 10 new stocks for 2021 to buy now according to Qing Li's Sciencast Management portfolio.
Established in March 2014, Sciencast Management, formerly SAC Capital, and Sciencast Management II are hedge fund managers based in Princeton, New Jersey. These firms, collectively known as Sciencast Entities, were founded by Qing Li, the principal owner.
Qing Li serves as the Chief Executive Officer and Chief Compliance Officer at Sciencast Management LP. Since 2015, he has also been a Director at Yiren Digital Ltd. Dr. Li's previous roles include Portfolio Manager at S.A.C. Capital Advisors LP (2009-2014), Associate at Lehman Brothers, Inc. (2002-2004), and Vice President at Fortress Investment Group LLC (2004-2005). He holds an undergraduate degree from Peking University and a doctorate from Columbia University.
Sciencast Management manages discretionary assets worth $320 million for a single client as of April 2024. Their Q1 2024 13F filing reported $164 million in managed 13F securities, with a top 10 holdings concentration of 11.85%. The firm's largest holding is McDonald's Corp., with 6,957 shares.
