Watching hedge funds and top investment managers can provide market ideas, including tracking funds that make timely moves. Past timing does not guarantee future results, but some funds with a history of spotting value early may continue to identify opportunities. Prime Capital Management, based in Hong Kong and run by Liu Yijun, has performed extraordinarily well over the past year. Results are attributed to concentrated bets in stocks that are among the market’s biggest gainers. The approach emphasizes conviction over broad diversification, avoiding holding more than 20 or 30 names. The portfolio centers on Nvidia, Taiwan Semiconductor, Micron, and Tesla, with the memory chip position described as a new buy in the last quarter.
"Instead of diversifying into more than 20 or 30 names while running the risk of achieving a return that's closer to that of an S&P 500 index fund, Yijun has opted to put more money into a few names, some of which have been absolute home runs. At the core of the portfolio are names like Nvidia, Taiwan Semiconductor, Micron, and Tesla. These top four holdings comprise most of the portfolio and are up big in recent months."
Read at 24/7 Wall St.
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