Top 5 most populous megacities worldwide
The United Nations has released fresh data on the most populous cities in the world. Let's take a look at the top megacities by population.
What is Bill Miller known for?
Miller has gained fame as one of the best fund managers. His Value Trust Fund managed to outperform the S&P 500 Index for over 15 years. The investor resisted even major losses suffered as a result of his investments during the global financial crisis of 2007-2008. Despite his failures, Bill Miller did not go out of business. Moreover, he founded his own company Miller Value Partners, which became one of the best hedge fund companies ever in 2019. According to the latest reports, the fund's total assets are valued at more than $3 billion.
DXC Technology
Miller Value Partners owns more than 5 million shares of US IT company DXC Technology. This player entered the IT market in 2017 and went public around the same time. Currently, the company conducts its business in more than 70 countries around the world. DXC specializes in cloud infrastructure and cybersecurity products. Last year was not successful for the company as its stocks plunged over 31%. However, this year, the shares have already soared by more than 54%. Besides, the company's revenue approached $18 billion last year.
Amazon
Bill Miller’s fund has not overlooked the global online retail giant Amazon. Miller Value Partners’ portfolio contains about 40,000 shares of this US company. Apart from stocks, Miller also acquired call options, counting on the positive dynamics of Amazon assets. By the way, in 2020 the online retailer's shares surged by more than 76%. Besides, they have jumped another 13% since the beginning of this year. The company's revenue increased last year and this year as well. In 2020, the figure was $385 billion, and in the first 3 months of 2021, it exceeded $108 billion.
OneMain Holdings
This US holding company owns OneMain Finance Corporation and its subsidiaries. Their business is focused on offering consumer loans as well as additional insurance products. The in-demand services consistently ensure the company’s strong performance. For example, in the first quarter of this year, the company's net income exceeded $400 million, while during the same period last year it was only $32 million. Besides, the issuer's shares have also risen by more than 25% since the beginning of 2021. Miller's fund manages 2.4 million assets.
ADT, Inc.
This company traces its origins back to the late 19th century. Burglars broke into the house of one of its founders. Thus, an idea hit him to invent the first alarm system. Nowadays, ADT is one of the leaders in the US security systems market. It installs surveillance cameras and fire detectors in private homes and offices. Moreover, the scope of its services includes protection of customers’ personal data and is highly favourable. The company's stocks have surged over 35% since the beginning of the year. Consequently, Miller Value Partners has gained benefits from this business segment as it owns 13 million shares.
Farfetch
Bill Miller's fund is not focused only on shares of US issuers. Currently, its portfolio includes more than 2 million stocks of the British-Portuguese company Farfetch. One of the world's largest online retailers collaborates with several hundred global brands and boutiques. Residents of 190 countries have access to its platform. The company's revenue grew by 64% to 1.7 billion last year, which was favourable for e-commerce due to the COVID-19 pandemic. In 2020, its shares soared over 516%. However, they have already decreased by 24% this year.
The United Nations has released fresh data on the most populous cities in the world. Let's take a look at the top megacities by population.
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