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Is Snowflake Inc. (SNOW) A Good Investment Choice?
RiverPark Funds, an investment management firm, published its “RiverPark Large Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. The RiverPark Large Growth Fund (the “Fund”) returned 2.5% for the first quarter, while its benchmarks, the S&P 500 Total Return Index (“S&P”) advanced 6.2%, the Russell 1000 Growth Total Return Index (“RLG”) returned 0.9%. In contrast, the Russell 1000 Value Total Return Index returned 11.2%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
RiverPark Large Growth Fund, in their Q1 2021 investor letter, mentioned Snowflake Inc. (NYSE: SNOW) and shared their insights on the company. Snowflake Inc. is a San Mateo, California-based cloud computing-based data warehousing company that currently has a $65.6 billion market capitalization. Since the beginning of the year, SNOW delivered a -19.20% return, while its 3-mont