Published on 18 Jan 2022 on Insider Monkey via Yahoo Finance
Andvari Associates, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. A quarterly net return of 11% was delivered by the fund for the year 2021, below its S&P 500 and Russell 2000 benchmarks that delivered a 28.7% and 14.8% return respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Andvari Associates, in its Q4 2021 investor letter, mentioned Visa Inc. (NYSE: V) and discussed its stance on the firm. Visa Inc. is a San Francisco, California-based financial services company with a $466.6 billion market capitalization. Visa delivered a -0.94% return since the beginning of the year, while its 12-month returns are up by 6.49%. The stock closed at $214.67 per share on January 14, 2022.
Here is what Andvari Associates has to say about Visa Inc. in its Q4 2021 investor letter: