Dorado, Puerto Rico-based Ravee Mehta’s Nishkama Capital is a long/short equity hedge fund. Investments in technology and telecommunications companies are the fund’s primary focus. It tries to stay away from new investments in companies where hedge funds are already well-represented. A year ago, in June of that year, the Nishkama Capital Fund was officially launched. Through March 2020, the fund has returned 8.36 percent on a compound annual basis. As of June 2021, more than half of the company’s 13F portfolio was invested in tech stocks, up from 31 percent at the end of 2018.
Insider Monkey checks out the 10 best tech stocks to buy now according to Nishkama Capital. Paymentus Holdings, Inc. had Nishkama Capital as one of its 12 hedge funds as of September 30th, according to Insider Monkey. Those were the same number of hedge funds that owned the stock after it went public in Q2 of this year. Nishkama owns a small stake in Alphabet Inc. On September 30, the fund held 1,912 Google Class A shares after selling 44 percent of its stake in the company in the third quarter. In Q3 of this year, Nishkama Capital purchased 286,926 shares of ON24, Inc. to expand its holdings in the company. In spite of the fact that ON24 has been around for over two decades, the Covid-19 pandemic has spurred new interest and growth in it. By beating expectations by more than 20 percent, Workday Inc achieved a strong third quarter of 2021 with a $1.10 per share profit, while revenue increased by 20 percent. A 6.73 million dollar stake was opened by Nishkama Capital in the enterprise software company on September 30. Nishkama Capital’s favorite tech stock is Semtech Corporation. During the third quarter, the fund purchased 110,817 shares of Semtech Corporation for $8.64 million. In the third quarter, SMTC achieved all-time highs across the board. For more details, click the 10 Best Tech Stocks To Buy Now According To Nishkama Capital.
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