In this article, we discuss the top 10 stock picks of Frank Foo’s CAAS Capital. If you’d like to skip our detailed analysis of Fu’s history, investment philosophy, and hedge fund performance, go straight to Frank Foo’s CAAS Capital’s Top 5 Stock Picks.
Frank Fu’s early career was devoted to methods of business that relied on arithmetic rather than networking. He then moved to the United States in the early 2000s to study at Cornell University, where he earned bachelor’s degrees in management research and industrial engineering, as well as a master’s degree in financial engineering in 2006, after which he earned two Worked in Susekhana for a year. International Group.
Frank Fu, a former partner at Laurian Capital for more than 11 years, started Cass Capital, a New York-based hedge fund, in May 2019. The term “CAAS” is an abbreviation for “Capital as a Service”. It invests in practically every industry. CAAS Capital’s basic investment philosophy includes pragmatism and evidence-based investment decisions. Before making an investment option, the hedge fund uses machine learning and quantitative analysis to sort through the data of the firms.
The three most prominent companies the hedge fund has invested in in the first quarter of 2022 are Tesla, Inc. (NASDAQ:TSLA) is included.
Tesla, Inc. near CAS Capital. has 314 shares. Buy rating. In addition, he lowered auto and industrial technology projections and pricing targets in the United States to more accurately represent future supply chain constraints and deteriorating demand over the medium term.
Frank Foo’s CAAS Capital’s Top 10 Stock Picks
Unsplash. Photo by Nicolas Capello on
Microsoft Corporation (NASDAQ:MSFT) is a new arrival in Frank Fu’s Q1 portfolio, as his hedge fund bought approximately 831 shares of the company, valued at $256,000. Microsoft Corporation (NASDAQ:MSFT) shares are up 9.94% in the past 12 months as of June 3.
Another stock that was added to Frank Fu’s portfolio in the first quarter was Adobe Inc. (NASDAQ:ADBE) where he bought 165 shares. With worsening economic constraints and the prospect of a recession, Jefferies analyst Brent Thiel lowered his price objective on Adobe Inc.
our methodology
With this context in mind, let’s begin our list of the top 10 stock picks from Frank Fu’s CAAS Capital. We’ve selected these stocks from Foo Hedge Fund’s Q1 portfolio.
Frank Fu’s CAAS Capital’s Top Stock Picks
10. Kindrill Holdings, Inc. (NYSE:KD,
Value of CAAS Capital’s stake: $12,058,000
Percentage of CAAS Capital’s 13F Portfolio: 0.49%
Number of Hedge Fund Holders: 25
Kyndryl Holdings, Inc. (NYSE:KD) is a holding corporation. Its subsidiaries provide apps, data, AI, cloud, core enterprise, digital workplace, security and other related services. Kyndryl Holdings, Inc. (NYSE:KD) and Cisco Systems, Inc. (NASDAQ:CSCO) announced a technology agreement on June 2 to help enterprise customers accelerate their shift to data-driven enterprises by integrating Cisco technology with Kindle managed services.
Even though Frank Fu’s hedge fund Kyndryl Holdings, Inc. (NYSE:KD) by 44% in the first quarter of 2022, he still owns 919,085 shares of the company, valued at $12.06 million. Kyndryl Holdings, Inc. (NYSE:KD) has been involved in Fu’s portfolio since the fourth quarter of 2021.
Elite hedge fund managers bought Kyndryl Holdings, Inc. at the end of the first quarter. (NYSE:KD) slightly reduced its net holdings. As a result, 25 hedge funds in Insider Monkey’s database have Kyndryl Holdings, Inc. (NYSE:KD) had a stake of $119.30 million.
Kyndryl Holdings, Inc. (NYSE:KD) Tesla, Inc. (NASDAQ:TSLA), Microsoft Corporation (NASDAQ:MSFT) and Adobe Inc. (NASDAQ: ADBE).
9. Apelis Pharmaceuticals, Inc. (NASDAQ:apls,
Value of CAAS Capital’s stake: $12,703,000
Percentage of CAAS Capital’s 13F Portfolio: 0.52%
Number of Hedge Fund Holders: 36
Apelis Pharmaceuticals, Inc. (NASDAQ:APLS) is a clinical-stage biopharmaceutical company that develops novel therapeutics and immunotherapies for the treatment of complement-dependent autoimmune and inflammatory diseases. In the first quarter, Frank Fu’s CAAS Capital owned Apelis Pharmaceuticals, Inc. (NASDAQ:APLS), which accounted for 0.52% of the firm’s Q1 investment portfolio.
Apelis Pharmaceuticals, Inc. (NASDAQ:APLS) announced June 1 that it has submitted an NDA to the FDA for intravitreal pegacetacoplan, an experimental targeted C3 therapy, to treat geographic atrophy caused by age-related macular degeneration. Following the Q1 results, Raymond James analyst Steven Seedhouse called Apelis Pharmaceuticals, Inc. (NASDAQ:APLS) from $114 to $102 and maintained a strong buy rating on the stock. According to Seedhouse, the current mood for Apelis is upbeat, based on the company’s recent marketing meeting on the West Coast.
At the end of the first quarter of 2022, 36 hedge funds in Insider Monkey’s database held Apelis Pharmaceuticals, Inc. (NASDAQ:APLS), more than 26 funds in the previous quarter. The total value of these bets is over $1.29 billion. Kurt von Amster’s VenBio Select Advisor is the head of Apelis Pharmaceuticals, Inc. Is.
8. Match Group, Inc. (NASDAQ:MTCH,
CAAS Capital’s stake: $14,119,000
Percentage of CAAS Capital’s 13F Portfolio: 0.58%
Number of Hedge Fund Holders: 55
Match Group, Inc. (NASDAQ: MTCH) is an American Internet and technology firm that owns and manages more than 45 worldwide dating sites, including Tinder, Match.com, Meetic, OKCupid, Hinge, Plenty ofFish, Shipt, and Hourtime. In Q1 2022, Frank Foo owned Match Group, Inc. (NASDAQ:MTCH) had 129,842 shares. The investments covered 0.58% of the fund’s portfolio.
Matt Farrell of Piper Sandler has acquired Match Group, Inc. (NASDAQ: MTCH) maintained an overweight rating on May 20. According to the analyst, Alphabet Inc. (NASDAQ:GOOG)’s concessions are a positive step toward the match’s long-term goal. of a healthy App Store ecosystem. Also, on May 22, Google and Match Group, Inc. (NASDAQ: MTCH) negotiated an interim arrangement that would enable Match Group’s applications to remain on the Google Play Store while accepting other payment methods.
Hedge funds are becoming optimistic. In the first quarter of 2022, Match Group, Inc. The number of bets on long hedge fund (NASDAQ:MTCH) increased to 55 compared to 53 in the previous quarter.
In its Fourth Quarter 2021 Investor Letter, Arc Capital Management called Match Group, Inc. Mentioned (NASDAQ:MTCH). Here’s what the fund said:
“We are the long match group stock because it is the dominant player in online dating, giving it immense and growing power over the population of single people around the world. This may sound like a harsh way to describe the business, But this is the proper way to look at it from an investment perspective.
For those who are unaware, Match Group owns every popular online dating property outside of Bumble, Badoo, and Grindr. Its apps and services include Tinder, Hinge, Match.com. BLK, Chispa, and many others…
With this letter, we have published a report on Match Group. You can find it here: https://www.archcapitalfund.com/letters”
7. Analog Devices, Inc. (NASDAQ:ADI,
Value of CAAS Capital’s stake: $15,740,000
Percentage of CAAS Capital’s 13F Portfolio: 0.64%
Number of Hedge Fund Holders: 67
Analog Devices, Inc. (NASDAQ: ADI) is a high-performance semiconductor firm that designs, develops, manufactures and markets integrated circuits (ICs) worldwide. Analog Devices, Inc. (NASDAQ:ADI) price objective was lifted from $194 to $203 on May 19 by Truist analyst William Stein. He also assigned a buy rating to the stock after the company disclosed an excellent first quarter highlighted by cyclical performance and M&A.
By the end of the first quarter of 2022, Frank Fu’s CAAS Capital had 95,292 Analog Devices, Inc. During the same period, 67 of the 912 hedge funds tracked by Insider Monkey owned Analog Devices, Inc. (NASDAQ:ADI).
Egerton Capital Ltd. Analog Devices, Inc. (NASDAQ: ADI), with a stake of $615.90 million at the end of March 2022. Trailing Egerton Capital Limited was First Eagle Investment Management, which was valued at $569.33 million.
6. TriNet Group, Inc. (NYSE:tnet,
Value of CAAS Capital’s stake: $19,672,000
Percentage of CAAS Capital’s 13F Portfolio: 0.8%
Number of Hedge Fund Holders: 26
TriNet Group, Inc. (NYSE:TNET) provides small and medium-sized enterprises with human resource solutions. TriNet Group, Inc. (NYSE:TNET) is one of CAAS Capital’s latest acquisitions in the first quarter of 2022. The hedge fund bought more than $19.67 million worth of shares in the company, which is 0.8% of its 13F portfolio.
William von Mueffling’s Cantillon Capital Management has acquired TriNet Group, Inc. (NYSE:TNET) owned approximately 3.59 million shares, making his investment firm TriNet Group, Inc. (NYSE:TNET) became the leading stakeholder. Monkey Records.
By the end of the first quarter of 2022, Insider Monkey has acquired TriNet Group, Inc. (NYSE:TNET) as part of 26 hedge fund portfolios. The total holding of these funds in the firm is $584.05 million, compared to $531.74 million with 29 positions in the previous quarter.
TriNet Group, Inc. (NYSE:TNET), Tesla, Inc. (NASDAQ:TSLA), Microsoft Corporation (NASDAQ:MSFT) and Adobe Inc. (NASDAQ:ADBE) are notable companies that have captured the interest of CaaS Capital.
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Disclosure: none. Frank Foo’s CAAS Capital’s Top 10 Stock Picks Originally published on Insider Monkey.
