Margate Capital Wins On Tech In Q3: Salesforce, Activision Blizzard, Microsoft

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Michelle deBoer-Jones
Published on

While many hedge funds continued to struggle in the third quarter, we are starting to see a pick-up in returns. Margate Capital was among those which were in the green in Q3 as it benefited from continuing strength in non-FANG tech stocks, especially cloud services and video games. The hedge fund returned 4.19% gross in Q3, with its long positions returning 5.32%.

Q3 hedge fund letters, conference, scoops etc

Margate especially likes cloud services and video games. The fund's top five performers during the third quarter were Salesforce, Take-Two Interactive, Microsoft, Activision...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.