JDP Capital Management, an investment management firm, published its fourth-quarter 2020 investor letter – a copy of which can be downloaded here. A spectacular net return of 109.4% was recorded by the fund for the year end 2020, outperforming its S&P 500 benchmark that returned 18.4%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
JDP Capital Management, in their Q4 2020 Investor Letter said that their investment in Spotify Technology S.A. (NYSE: SPOT) has been their top holding since 2018. Spotify Technology S.A. is an audio streaming media service provider that currently has a $59.7 billion market cap. For the past 3 months, SPOT delivered a decent 31.31% return and settled at $315 per share at the closing of January 29th.
Here is what JDP Capital Management has to say about Spotify Technology S.A. in their investor letter:
"Spotify has been a top holding since 2018 and I expect our future will become even more aligned with this business as time goes on. Although the stock is up about 200%+ since our initial investment, we think founder-CEO Danel Ek is building a company that will be worth multiples more than the current $62 billion market cap.
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Last December 2020, we published an article telling that Spotify Technology S.A. (NYSE: SPOT) was in 44 hedge fund portfolios. Its all time high statistics is 67. SPOT delivered a massive 122.93% return in the past 12 months.
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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