Famed Short-Seller Anthony Bozza Explains The Long Case For Two Mega-Cap Tech Stocks

When someone says “value stocks,” tech does not usually come to mind, but for some major investors, that could be changing. ValueWalk recently obtained Lakewood Capital’s annual letter for 2018, and the fund has included Alphabet and Facebook as part of its “Long Value Technology Companies” holdings.

Q4 hedge fund letters, conference, scoops etc

Lakewood Capital was down 10% for the fourth quarter and 14.3% for the full year. Managing Partner Anthony Bozza said the fourth quarter was the fund’s worst quarter since the third quarter of 2011, and 2018 was its worst year in a decade. He also described 2018 as “frustrating on a variety of levels.”

Longs on Alphabet and Facebook

In the section of the letter focusing...