Saga Partners, a fundamental, long-term, value investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 24.5% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.1% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Saga Partners, in their Q4 2020 Investor Letter, said that GoodRx Holdings, Inc. (NASDAQ: GDRX) was added in their portfolio during the quarter. GoodRx Holdings, Inc. is a price comparison tool for prescriptions provider that currently has a $21.1 billion market cap. For the past 3 months, GDRX delivered a 39.25% return and settled at $54.03 per share at the closing of February 18th.
Here is what Saga Partners has to say about GoodRx Holdings, Inc. in their Q4 2020 investor letter:
“GoodRx was on my radar after it went public last September. Fortunately, I had a good background in the company when Amazon announced their recent push into pharmacy in November. As GDRX shares fell, it provided the opportunity to dig deeper into the situation and ultimately acquire shares. Our analyst Richard Chu had a fantastic write up on GoodRx that explains the investment thesis, which he submitted to Sumzero’s Challenge and was chosen as the large/mega-cap finalist! Richard has been an invaluable addition to the team and we are lucky to have him. You can read about GoodRx in his write-up here.”
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