Maverick Capital provided the initial seed funding for the establishment of Totem Point Management in 2013. Neal Nathani worked for the Tiger family of funds for more than a decade. Darren Dinneen worked as an analyst at H Partners Management before joining the board of the company. 7.78 percent compounded annual returns have been achieved by the Totem Point Master Fund as of March 2020. In the early stages of their careers, the fund’s founding partners all worked in technology. A few of the fund’s favorite tech stocks include Microsoft, Marvell Technology Group Ltd., and Alphabet.
Here is Insider Monkey’s list of the 10 best tech stocks to buy now according to Totem Point Management. To put Twilio Inc. in perspective, the cloud communications software provider has seen revenues rise 66% year-over-year in its first nine months of 2021 compared to the same period in 2018. TWLO is expected to break even on a GAAP basis only in the distant future, according to the company’s analysts. Totem Point Management’s top tech stock picks include Analog Devices, Inc., the first of several chipmakers. After selling 35 percent of its ADI stake in the third quarter, the fund now owns 55,280 shares of the company worth $9.26 million. In the first nine months of 2021, Sea Limited had sales of $6.7 billion, a 140% year-over-year increase. In recent years, the e-commerce and mobile gaming juggernaut has been one of the market leaders. Since the first quarter of 2019, Tomelot Point has owned shares of Advanced Micro Devices, Inc. As of September 30, the fund held 95,347 shares of AMD worth $9.81 million after selling 40% of its stock. As a result of its virtual reality platform, NVIDIA Corporation is one of the five Metaverse stocks to invest in. A “crypto winter,” according to New Street Research, could hurt demand for Nvidia graphics cards. For more details, click the 10 Best Tech Stocks To Buy Now According To Totem Point Management.