+$70M
DONATED
209
speakers
7700
attendees
250
partnerships
Global stocks exposed to the technology boom, whose performance was partially fuelled by the coronavirus crisis, were the big winners from the calls made by top investment minds at the Sohn Hearts & Minds Investment Conference last year.
The wide dispersal of returns also indicated that active stock picking, a theme that is the bedrock of the event, remains alive and very well, particularly for investors that are invested in the NASDAQ.
The best pics were US car maker Tesla, which soared by 504 per cent, including reinvested dividends, followed by Trade Desk, which was up 242 per cent, and GDS Holdings at 121 per cent.
The performance of the Elon Musk vehicle maker, chosen by Ark Invest’s Catherine Wood, was the stand out by far although all of the long picks ended up in the black, in a surprisingly tough market for shorts.
Tesla’s rise has prompted caution from Wall Street investors worried about its lofty valuation despite the company producing record results, with third-quarter results showing $US8.7bn ($12bn) in sales.
Trade Desk, which provides software designed to help advertisers and agencies buy ads using automated tools and reams of data, is also on an upward trend, after dipping after a price spike this month.
Other interesting picks included MinRes, the mining services company that was the top locally listed stock with a 99 per cent return, followed by two New York listed stocks; specialty retailer Floor & Décor and music service Spotify which returned 79 per cent and 78 per cent respectively.
Another ASX-listed miner Nickel Mines trailed at 65 per cent and it was a big drop to the next best performer, US listed software company Smartsheet that turned in a respectable 39 per cent.
The global nature of the stock selections and their exposures continued with Tribeca Investment’s Jun Bei Liu, who picked the locally listed A2 Milk which returned 26 per cent and this was followed by Japanese stock Sanken Electric chosen by Seth Fischer of Oasis Capital Management and New York-listed tech conglomerate Fortive chosen by Cooper Investors’ Allan Goldstein.
The list was rounded out by resilient airline Wizz Air which was up 13 per cent the London listed stock chosen by Builders Union’s Markus Bihler.
The group of stocks did exceptionally well with an average return of 27 per cent, and although this lagged the NASDAQ that was up 39 per cent, it was ahead of the main US index, the S&P 500, that rose 16 per cent, partly on recent optimism about a coronavirus vaccine.
The short calls were less successful than the other as Montaka’s Andrew Macken called out London listed Sports Direct as a short position. It is yet to pay off as it lifted albeit by a miserly 2 per cent.
Regal Funds Management’s Phil King also identified another short position PolyNovo, but this backfired over the period as the stock returned 27 per cent.
This article was originally posted on The Australian here.
Licensed by Copyright Agency. You must not copy this work without permission.
In yet another fantastic episode with Equity Mates, first-time conference manager Qiao Ma chats with the guys about her incredible first investment, the investment philosophy of core manager Cooper Investors and the investment thesis behind her conference pitch, Shenzhou International.
In this episode of Equity Mates hear from Conference Manager Hamish Corlett, Co-Founder of TDM Growth Partners.
Penfolds has a 176-year history but its resilience is being severely tested by the China trade row, and re-directing product to other markets isn't that simple.
The SOHN Hearts & Minds Investment Conference 2020 was held on Friday 13. It brings top stock picks and market insights from the leading fund managers in Australia and the US.
Bill Ackman predicts 2021 will be a rewarding year for the equity market and urged investors to "go long", but the Wall Street legend and Pershing Square founder worries that irrespective of Pfizer's vaccine breakthrough, the US faces a grim winter of coronavirus casualties.
Billionaire investor Bill Ackman bemoaned his losing bet on Warren Buffett’s Berkshire Hathaway during a virtual appearance at the Sohn Hearts & Minds investment conference this week, according to the Australian Financial Review.
Halpert's “digital decolonisation” thesis is that entrepreneurs, companies, governments and consumers in developing markets are reclaiming their digital economies and ecosystems from multinationals, and developing indigenous solutions for local problems.
Legendary investor Bill Ackman and NSW Premier Gladys Berejiklian have something in common - they were not afraid to do things no one else was doing during the COVID-19 crisis. There's a lesson there for investors.
When Bill Ackman realised coronavirus was about to run rife in the West he knew he had to do something fast to protect the $US10bn ($14bn) of assets managed by Pershing Square, much of it in restaurant brands that were vulnerable to the economic lockdowns he saw coming. Rather than sell stock, he opted to hedge via credit default swaps.
The rise of telehealth and online medicine as a result of the COVID-19 pandemic has been behind the recommendation of New York based fund manager Cathie Wood, for US based telemedicine and virtual health care company Teladoc Health as her stock pick for the 2020 Australian Sohn Hearts & Minds Investment Conference.
Leading US fund manager Bill Ackman has predicted that 2021 will be a “very good” year for the US sharemarket, with a combination of low interest rates, fiscal stimulus and a new president who will not introduce radical policies.
Star fund managers are betting that companies in e-commerce and healthcare that thrived during the COVID-19 pandemic remain solid long term bets as the virus permanently alters consumers behaviours and values.
Australian investors will be very familiar with potential gains that can be created from innovations in the payment system, think Afterpay. In China, the mobile payments market is both enormous and advanced in technical terms, that’s where Yeahka Ltd operates — a top stock choice from Beeneet Kothari of New York-based Tekne Capital Management at the SOHN Hearts & Minds Investment Conference 2020.
NYU Stern School of Business Professor, serial entrepreneur and business podcaster Scott Galloway has blasted “sociopathic” big tech and the US government, while outlining the profound implications of COVID-19 for the US economy and its big players.
When Bill Ackman realised coronavirus was about to run rife in the West he knew he had to do something fast to protect the $US10bn ($14bn) of assets managed by Pershing Square, much of it in restaurant brands that were vulnerable to the economic lockdowns he saw coming. Rather than sell stock, he opted to hedge via credit default swaps.
Online retail stocks have become the small cap investment story of 2020, according to Todd Guyot, a portfolio manager with Regal’s $320m Australian Small Companies Fund. “We have done well out of the whole online theme of late,” says Guyot, who will be tipping a stock at the fifth annual Sohn Hearts & Minds conference on Friday.
Leading US fund manager Bill Ackman has predicted that 2021 will be a “very good” year for the US sharemarket, with a combination of low interest rates, fiscal stimulus and a new president who will not introduce radical policies.
Global stocks exposed to the technology boom, whose performance was partially fuelled by the coronavirus crisis, were the big winners from the calls made by top investment minds at the Sohn Hearts & Minds Investment Conference last year.
The founder of San Francisco-based Cota Capital, Babak Poushanchi, says the best days for enterprise-facing software businesses are yet to come, despite the spectacular returns they have delivered to investors over 2020.
Tekne Capital Management portfolio manager Beeneet Kothari says US technology stocks continue to look attractive given their strong earnings outlook and dominant positioning in what he sees as a multi-decade reshaping of economies and business fuelled by COVID-19.
Qiao Ma says her stock pitch for the Sohn Hearts & Minds Conference on Friday belongs to an industry that will “make people cringe”. That isn’t deliberate but it will prove her point that management trumps all else.
Hamish Corlett, Founder of TDM Growth Partners discusses TDM's commitment to helping support Australian charities including the win-win nature of Hearts & Minds and why he's proud to be involved.
Two time, soon-to-be-three time Conference Manager, Nick Griffin of Munro Partners joined Rory Lucas on the Equity Mates Podcast. This is a must listen episode!
The shock suspension of the Ant Group initial public offering, slated to be the biggest float in history, has left investors reeling, but it could be back up and running within weeks, according to Tribeca Investment Partners’ Jun Bei Liu.
Scott Galloway, outspoken academic and expert on big tech, says "Jedi mind tricks" and "consensual hallucination" are responsible for some huge market valuations, and warns Silicon Valley giants will entrench their dominance in the post-pandemic world.
One of the fiercest critics of 'Big Tech', author and academic Scott Galloway, has admitted his bearish call on Afterpay was wrong and warned that America's internet giants are poised to consolidate power following the coronavirus pandemic.
US tech giants are on track: not just to soar through the pandemic, but to structurally lock in their competitive edge well beyond COVID-19. What is more, there will be a tsunami of reallocated capital across the economy, creating huge winners and losers that investors should get ahead of if they don’t want to miss out.
As a young Macquarie analyst, David Moberley was among the first to appreciate the profit potential of a new breed of technology stocks when he slapped a "buy" rating on REA Group in 2009.
Wall Street legend Bill Ackman says megacap stocks such as Starbucks will come out of COVID-19 with a bigger moat and a market dominance like never before, and no election outcome will make a difference to the plight of wrecked small businesses.
It has gone down in Wall Street folklore as one of the greatest trades in history – a $US27 million ($37.8 million) bet during the market meltdown in March that returned $US2.6 billion in the space of three weeks. And the mastermind behind it, New York hedge fund titan Bill Ackman, is now bracing for another bout of turbulence.
Wall Street hedge fund legend Bill Ackman has praised the Australian superannuation system as a way to bridge the growing income inequality in the US.
Bill Ackman was famous for waging activist short campaigns. But older and wiser now, he steers clear of rather than exposes corporate malfeasance.
Our Chief Investment Officer, Rory Lucas recently sat down with the Equity Mates Podcast to talk all things Hearts and Minds, including the upcoming Virtual Sohn Hearts & Minds Investment Leaders Conference.
A little under a year ago, Cathie Wood named Tesla as her top stock pick for 2020. Speaking at the Sohn Hearts & Minds Investment Leaders Conference in Sydney last November, Ms Wood, who runs US technology-focused investment firm Ark Invest, said her bearish case was that the stock price would double by 2024. It hit that milestone less than three months later.
Legendary Wall Street investor Bill Ackman will headline the 2020 Sohn Hearts & Minds investment leaders conference this year in a major coup for the event that has raised more than $20 million dollars for medical research since its inception in 2016.
Rory Lucas may have one of the best jobs in finance. As the chief investment officer of Hearts & Minds Investments (HM1), it's his duty to oversee the $780 million portfolio of the best ideas from some of the world's top investors.
