Jeffery Talpin is one of the highest-earning hedge fund managers. Once he founded Element Capital Management in 2015, it has grown to be the biggest hedge fund in the investment sector. The company has a multi-process approach that relies on innovative trade structuring and advanced portfolio construction techniques, to name a few. Elemental Capital has $18 billion in asset management.
Insider Monkey published an article Billionaire Jeffrey Talpins’ Top 10 Stock Picks. Talpin’s list consists of two kinds of industries: SPAC and Tech giants. The summary will be divided as such.
Special Purpose Acquisition Company
Health Assurance Acquisition Corp is a newly organized blank check company. Element Capital Management owns shares worth $22 million. Hedge fund managers are taking advantage of the emergence of SPAC because of the high return and low-income securities.
Element Capital owns over 2 million shares in Gores Holdings V, Inc. In February, they recently moved to partner with Ardagh Group S.A; however, many investors did not like this, for GRSV’s stock prices declined by 10%.
Many companies have large amounts of shares in Dynatrace, Inc. Coatue Management held the most $279.8 million. SRS Investment Management, HMI Capital, and Citadel Investment Group are the others. Dynatrace’s shares returned by 50% over the past four months.
TPG Pace Tech Opportunities Corp and CONX Corp are both SPAC. Element Capital owns 2.2 million shares in Pace Tech, while they own 2.5 million shares in CONX.
Technology Giants
Facebook, Inc. currently sells at $273/share. While tech companies are not ideal to invest in, Facebook has been improving its performance. With lots of Facebook ads during the pandemic and other acquisitions of new applications and tech such as WhatsApp, Instagram, and augmented reality, it will not be that much of a risk.
Alphabet Inc is one of the best-performing stocks in the year 2020. The effect of the pandemic to advertisements and campaigning primarily affected Google; however, much small business and other companies resorted to Google ads instead, and this has caused them to bounce back and improve their performance
The pandemic increased consumer’s online spending, and many e-commerce sites have benefitted from this. Amazon’s performance has been consistent and good; with customer loyalty, strong management team, and competitive advantage Amazon will surely be a good pick.
Microsoft Corporation shares increased by 30%. Fisher Asset Management has 23.4 million shares. Even with sift to remote work, they have made it. Berkshire Hathaway has 887.1 million shares in Apple Inc. As a leading company in technology and telecommunications. With good branding and customer loyalty, Apple’s growth will continue
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