Stock Stories bring you closer to the heart of our investment strategy. In these short videos, lead portfolio manager Mike Seidenberg discusses a selection of Allianz Technology Trust’s portfolio holdings and how they contribute to our overall strategic objective of achieving long-term capital growth by investing principally in technology companies globally that use technology in an innovative way to gain a competitive advantage.
In this short episode of ‘Stock Stories’, Mike discusses an investment decision that was made and is illustrative of the Trust’s strategy: CrowdStrike
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I'm Mike Seidenberg, Lead Portfolio Manager of the Allianz Technology Trust. It's important to remember that all investments come with risk. The technology sector is well known for both growth and volatility. We aim to chart a smoother course in tech investing by focusing on sustainable, secular themes.
Artificial intelligence, cloud computing and cybersecurity are among the trends that excite us. In our view, one company capitalising on all three is CrowdStrike, a next generation security company that unifies protection across endpoints, cloud workloads, identity and data. Our increasingly digital world brings big business risks. CrowdStrike has reimagined cybersecurity to detect malware, stop breaches, and protect modern enterprises.
CrowdStrike has been using artificial intelligence, innovation and cybersecurity. Today its advanced machine learning is trained on the 2 trillion data points collected every day by its security cloud. And Charlotte AI, CrowdStrike's generative AI security product is enabling IT teams to work faster, better and smarter. Early adopters have saved an average two hours per day by accelerating and automating security operations.
Cybersecurity is a competitive market. To grow market share, companies must stay ahead of both competitors and adversaries. Adversaries are constantly changing vectors of attack. Based in the Silicon Valley, our proximity enables us to see first hand next generation security products.
Stocks don't move in a straight line. CrowdStrike is no different. But since going public in June of 2019, when we first initiated the position, its share price is up by more than 900%. Here at Allianz Technology Trust, we can't promise those types of returns for investors, and we aren't making a recommendation to buy shares in CrowdStrike. What we can do is make sure that we continue our endeavour to find great businesses, companies like CrowdStrike, that we believe are setting the pace of technological progress and join them on their journey.
Disclaimers: Past performance does not predict future returns. Securities mentioned in this document are for illustrative purposes only and do not constitute a recommendation or solicitation to buy or sell any particular security. These securities will not necessarily be comprised in the portfolio by the time this document is disclosed or at any other subsequent date.