Published on 10 Jan 2022 on Insider Monkey via Yahoo Finance
In this article, we present the list of the 10 best tech stocks to buy now according to Nishkama Capital. You can skip our comprehensive analysis of Nishkama Capital's history, investment philosophy, and hedge fund performance, and go directly to 5 Best Tech Stocks to Buy Now According to Nishkama Capital.
Ravee Mehta’s Nishkama Capital is a long/short equity hedge fund based out of Dorado, Puerto Rico. The fund primarily invests in technology and telecommunications stocks but tries to avoid new positions in companies that already have a large hedge fund presence. Given that preference, Nishkama Capital does invest in numerous smaller tech companies, though it seeks out stocks that can be 95% liquidated within a month to provide it with added flexibility and security.
The Nishkama Capital Fund LP, which was launched in June 2013, has delivered compound annual returns of 8.36% through March 2020. The fund had five solid years in a row from 2015 to 2019, posting gains of no less than 6.38% each year, but only topping 7.67% once during that time. Nishkama Capital had $435 million in assets under management as of June 2021.