November: positive month, TSMC, Unity and Microsoft among the winners

The stock market was extremely strong in November, breaking record after record. The market was driven by the positive results from the vaccine trials and we experienced a massive rotation from "work at home" winners to recovery stocks. Most of the stocks in our segment, and above all game developers, are seen as covid winners and thus did not have a strong development during the month.

The fund ended up 0.99 percent in November. The big winners in the portfolio were TSMC, Unity, Microsoft and Tencent. Game developers such as Activision, EA, Take Two and Zynga had a tough time and ended up in the red in several cases during the month. The month of October was strong according to the data points we collected for our companies and game sales during Black Week also appear to have broken records.

During the month, we increased our positions in Sony, Nintendo and TSMC.

The investments in Esport continue, Microsoft buys Smash.gg. We also constantly see new records in participation and viewing. The Fortnite ending to the Nexus War, killing Galactus, attracted a whopping 15.3 million players and was followed by 3.4 million viewers on Youtube and Twitch.