The capital of Maplelane Stock Holdings went down by 33% during the previous month. The hedge fund’s strategy of short bets was the reason for its falling share price. The hedge fund was established in 2010 by Rob Crespi and Leon Shauloy. The strategy of this hedge fund has always been to invest on a wide scale in the stock market and earn profit in the short term. The firm utilizes the option of options trading to attain a long position in the stocks. The firm focuses on high growth stocks falling in the category of consumer discretionary, information technology and communications sector. The loss which the firm suffered due to short bets was due to the investment it made in companies including American Airlines Group Inc., iRobot Corp, National Beverage Corporation and GameStop. The pandemic is also another reason for the global slowdown due to intermittent lockdowns to keep people safe. The global economy is opening slowly right now with precautionary measures. It is expected that the global economy will gain momentum during the third quarter of 2021. As per analysis, the global economy will become normal during 2024. This article covers details about Top 5 Maplelane’s Stock Holdings as shared by Insider Monkey.
One of the stock holdings of Maplelane is Workday, Inc. Workday is an online software application which helps manage human resource management and other business affairs. The stock price of this company performed well during the past 6 months. Unfortunately, the stock price did not start well in the beginning of the current year. According to Cooper Investors: “Workday is the Cloud leader in Human Capital Management (HCM) and Financials software. We first met WDAY 7 years ago as a much smaller enterprise but today it’s on the verge of reporting ~US$4bn in revenues. WDAY has had great success in its HCM offering particularly with the world’s largest companies. However, its Financials product has seen more muted growth with customers reluctant to shift such a core function to the Cloud, success here tending to be in the mid-market.” Another stock holding of the Maplelane firm is Tencent Holdings Limited. The hedge fund reported big earnings during the third quarter of the last year from Tencent stocks. During that period, the stock price of this company was 20% higher as compared to the past. You can read more about other stock picks of the hedge fund on Maplelane’s Top 10 Stock Holdings.