Amish Mehta is a well-known Indian-American billionaire. His parents shifted to the USA from India when he was in 7th standard. He received his bachelor’s degree from Wharton School in the field of economics along with completing an MBA degree as well from Harvard Business School. At the start of his career, he joined General Atlantic Partners and McKinsey & Co. for the purpose of expanding his knowledge horizon about investing. Later on, he became part of Vector Capital, which is a technology-oriented private equity company. He resigned from Vector Capital in the year 2014 so that he can start SQN Investors. This hedge fund has earned huge returns in the year 2020 by betting on different cloud computing firms. He has made a number of big investments in different software firms such as Paycom software, Avalara, Zendesk Inc., and ServiceNow Inc. to take full benefits of the adoption of technology. Along with these, the hedge fund of Amish Mehta has also developed strong positions in different digital transformation firms such as Shopify and Square for the purpose of beating the indices of the market.
This has been believed by Mehta and his team members that the customers’ and businesses’ requirements will change after this pandemic. According to them, the demand for the adoption of technology will go up constantly in the future. Farouk Hussein has been recently added to the team so that he can assist in picking up the best tech-related stocks. He has worked with HGGS before joining SQN. Here we are going to share some of the Top Picks Of Amish Mehta’s Stock portfolio.
One of the biggest stock holding companies in the 13F stock portfolio of SQN Investors is Wix.com which is an Internet infrastructure and services provider. This is one of the long-running stock investments included in the tech stock portfolio of Amish Mehta. During the past 12 months, the Wix.com shares rallied by 100% resulting in extending the 5 years gains to approximately 1000%. Another company that gained the confidence of Amish Mehta is Avalara which is a tax compliance software provider firm. The Investment firm has initiated the stakes of this company in the first quarter of the year 2020 and then maximized its position during the Q3 of 2020. This is the 8th biggest stock holding of Amish Mehta’s SQN Investment firm. This confidence of the SQN Investors is because of the railing of the share price of Avalara stakes by 126% during the past 12 months. Need to know more about top picks of Amish Mehta? Just head to Amish Mehta and SQN Investors’ Top Picks.