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Travel restrictions and social distancing guidelines have forced many old school corporations to take a digital leap. Part of corporate digital leap is a forced adoption of digital signature, a niche that Docusign covers. Despite great returns since its IPO in 2018, we feel Docusign is still a great investment with lots of headroom in stock price.
Firms are allocated to the portfolio based on the momentum investment strategy: all firms are from the NASDAQ-100 Technology sector index which was sorted by YTD (year to date) price development. The fund decided to go long in all firms which had YTD returns of over 15% on 30th of October. $1,500,000 was divided with equal weights between the 47 stocks. Rank: 2