Tor Minesuk’s Mondrian has been established in 2017 and in 2020 it’s capital management achieved major success due to the heavy investment in rapidly developing IT companies, the communication sector, and consumer discretionary. In 2020, its top 10 positions made a huge success in the international market. Although, during the fourth quarter of making stock positions parallel to market trends many changes have been made in the 13F portfolio by a hedge fund. Positions in 17 stocks have been made by the New York-based hedge fund during the fourth quarter such as top positions in Qorvo Inc, Adobe Inc, and ServiceNow. Moreover, the company has added to its existing 10 positions. Instead of holding long-term positions, the hedge fund benefits from short-term price movements. During the fourth quarter, the company reduced 9 stocks stake and sold its 20 stock positions. During the fourth quarter after introducing positions during the second quarter of 2019, Tor Minesuk has also sold a complete stake in Microsoft Corporation after working with Ken Griffin’s Citadel for more than 2 years. As the tech giant has assembled in the past few quarters due to which the company took advantage of the MSFT stake. See below for more details about Top 5 Stock Picks by Tor Minesuk for 2021.
A new entrant in the Tor Minesuk portfolio is the chipmaker Qorvo, Inc. During the fourth quarter, the company has gained a position in Qorvo, and currently, 4.62% is represented by this position in the overall company portfolio. Leaving behind all the market indexes in 2020 by giving its best performance, Qorvo shares are now benefitting in 2021. In December quarter revenue, the company has generated $1.1 billion profit which is a 26% increase in the revenue generated in last year. At the end of the third quarter, the total 51 hedge funds tracked by an insider bring risks to the company. Another stock pick is Twilio Inc. The company has decreased 20% risks in the fourth quarter, after starting position in Twilio Inc. in the 2020 third quarter. Still, the company is the third-largest stockholder of Mondrian Capital Management despite the risks associated with it. Because of the strong financial numbers the company shares have been assembled to 60% in last three months. After a year, the September quarter revenue of the company has increased to 50% and in the past three quarters, the company has topped earnings estimates and analyst’s revenue. Visit this article Former SAC Capital Portfolio Manager Tor Minesuk’s Top 10 Stock Picks for 2021 for more information.