Arista (ANET) Networks is One of Giverny Capital’s Best Non-Financial Holdings
Giverny Capital Asset Management LLC, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 15.39% was recorded by the fund for the Q4 of 2020, above its S&P 500 benchmark that returned 12.15%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Giverny Capital, in their Q4 2020 Investor Letter said that Arista Networks, Inc. (NYSE: ANET) is among their best performing non-financial holdings. Arista Networks, Inc. is a premier world-class platform in cognitive cloud networking for data center and campus environments that currently has a $23.2 billion market cap. For the past 3 months, ANET delivered a decent 50.21% return and settled at $307 per share at the closing of January 26th.