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 Roku, Inc. (NASDAQ: ROKU) has been a top holding and was a large contributor to their 2020 performance. Roku Inc. is a television streaming platform company that currently has a $49.3 billion market cap. For the past 3 months, ROKU delivered a huge 92.21% return and settled at $389.03 per share at the closing of January 29th.
Here is what JDP Capital Management has to say about Roku Inc. in their investor letter:
"Roku became a top JDP holding in April and was a large contributor to our 2020 performance. I was first introduced to the company in 2014 by a venture investor who admired its founder Andy Wood and company's strategic move that year to partner with Chinese TV manufacturer TLC to build the first Roku TVs.
Last December 2020, we published an article telling that Roku, Inc. (NASDAQ: ROKU) was in 59 hedge fund portfolios, its all time high statistics. ROKU delivered a massive 221.65% 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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