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Davis Funds: “Alibaba (BABA) will Maintain its Leading Position in the Chinese E-Commerce Sector”
Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 22.69% was recorded by the fund for the year end of 2020, outperforming its MSCI ACWI benchmark that delivered a 10.65% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis International Fund, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and shared their insights on the company. Alibaba Group Holding Limited is a Hangzhou, China-based e-commerce company that currently has a $629.6 billion market capitalization. Since the beginning of the year, BABA delivered a -0.93% return, while its 12-month gains are up by 17.65%. As of April 06, 2021, the stock closed at $230.57 per share.
Here’s Why Davis International Fund Sold Ovintiv Inc. (OVV)
Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 22.69% was recorded by the fund for the year end of 2020, outperforming its MSCI ACWI benchmark that delivered a 10.65% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis International Fund, in their Q4 2020 investor letter, mentioned Ovintiv Inc. (NYSE: OVV) and shared their insights on the company. Ovintiv Inc. is a Calgary, Canada-based natural gas company that currently has a $6.4 billion market capitalization. Since the beginning of the year, OVV delivered a 71.66% return, impressively extending its 12-month gains to 496.85%. As of April 06, 2021, the stock closed at $24.65 per share.