Davis New York Venture Fund’s Q4 2020 Investor Letter
Davis Funds, an investment management firm, published its “Davis New York Venture Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 6.12% was recorded by the fund’s Class A shares for the year end of 2020. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Published on April 7, 2021 at 12:36 pm by
Inan Dogan, PhD
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.