Mayar Capital, an asset management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. For the three months ending March 31, 2021, Mayar Fund (Class A) was down 6.6% net of all expenses and fees, while the MSCI World Index declined by 5.2% in the same period. Since its inception in May 2011, Mayar Fund has seen a 198.7% increase versus a 180.9% increase for the MSCI. That corresponds to a 10.6% annualized rate of return for the Mayar Fund, compared to 10.1% for the MSCI. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.
In its Q2 2022 investor letter, Mayar Capital mentioned Alphabet Inc. (NASDAQ:GOOG) and explained its insights for the company. Founded in 2015, Alphabet Inc. (NASDAQ:GOOG) is a Mountain View, California-based multinational conglomerate company with a $1.5 trillion market capitalization. Alphabet Inc. (NASDAQ:GOOG) delivered a -15.32% return since the beginning of the year, while its 12-month returns are down by -10.77%. The stock closed at $122.51 per share on August 16, 2022.
Here is what Mayar Capital has to say about Alphabet Inc. (NASDAQ:GOOG) in its Q2 2022 investor letter:
“Our technology businesses enjoyed a strong year of operating performance – from Google. Google saw revenue growth of over 40% in the year, with operating profits growing above 90%; YouTube ended the year with higher viewership than Netflix – without the content costs. With its dominant position in online advertising, we continue to monitor regulatory risks for this business.”
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Our calculations show that Alphabet Inc. (NASDAQ:GOOG) ranks 5th on our list of the 30 Most Popular Stocks Among Hedge Funds. Alphabet Inc. (NASDAQ:GOOG) was in 160 hedge fund portfolios at the end of the second quarter of 2022, compared to 158 funds in the previous quarter. Alphabet Inc. (NASDAQ:GOOG) delivered a 4.98% return in the past 3 months.
In July 2022, we also shared another hedge fund’s views on Alphabet Inc. (NASDAQ:GOOG) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q2 page.
Disclosure: None. This article is originally published at Insider Monkey.