Claret Asset Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In its fourth-quarter letter, the fund talked about the 11 plus one “Interesting” or “Surprising” things about 2021, and described the past year as "another amazing year that few would have predicted and surprised everyone far more positively than expected". Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Claret Asset Management, in its Q4 2021 investor letter, mentioned Microsoft Corporation (NASDAQ: MSFT) and discussed its stance on the firm. Microsoft Corporation is a Redmond, Washington-based multinational technology conglomerate holding company with a $2.2 trillion market capitalization. MSFT delivered a -9.81% return since the beginning of the year, while its 12-month returns are up by 35.21%. The stock closed at $303.33 per share on January 19, 2022.
Here is what Claret Asset Management has to say about Microsoft Corporation in its Q4 2021 investor letter:
"Our biggest undertaking in 2021 was a conversion of our technology platform from a local area network within our office to having our proprietary network all in the “cloud.” We have chosen Microsoft and their Azure system as our partner, as we feel they are the best positioned to service our network, which includes Microsoft 365 Offi ce, their data facilities all in Quebec and Ontario and as they learn the products in depth, we feel they are best able to defend each endpoint against any cyber attacks that may create havoc for us and for our clients. We want to protect your privacy and ours, and off er you a seamless and confi dential information environment. Additionally, the IT engineering fi rm we use to ensure 24/7 coverage of our system and the operation of the equipment to optimize our service levels and the integrity of our reporting and data protection. In 2021, we completed our client reporting migration to Croesus and we now have client portals for each client and relationship – if you haven’t signed in yet, please do so as all your documents and quarterly reports can be made available for you to view at your convenience in the “privacy” of your own personal devices whether desktop or mobile. You are able to store these documents in a secure environment, eliminating the need to keep “paper” copies if you prefer."
Our calculations show that Microsoft Corporation (NASDAQ: MSFT) ranks 1st on our list of the 30 Most Popular Stocks Among Hedge Funds. MSFT was in 250 hedge fund portfolios at the end of the third quarter of 2021, compared to 238 funds in the previous quarter. Microsoft Corporation (NASDAQ: MSFT) delivered a -1.33% return in the past 3 months.
In December 2021, we also shared another hedge fund’s views on MSFT in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.