There aren't too many ASX shares that can lay claim to a 10 bagger return in less than 2 years, and there are even fewer fund managers that can say they picked one. However, that's exactly what Firetrail Investments fund manager, Eleanor Swanson managed to do with Afterpay Ltd (ASX: APT) shares.
The young and passionate stock picker eyed-off the buy now, pay later (BNPL) company despite a wall of pessimism towards the instalment payment provider. However, Swanson made a compelling case that eventually won over her peers, leading to a highly rewarding investment for Firetail and its investors.
After having already landed the pick of a lifetime, Swanson is naming more ASX shares that are looking good right now.
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Appealing ASX shares on Swanson's radar
Channelling that millennial spirit, Eleanor led Firetrail Investments to buy Afterpay when it was around $20. However, the analyst had been keeping tabs on the company prior to it cracking $10. However, Swanson's ASX stock-picking prowess extends beyond payments.
With a university background in science, the successful analyst is no stranger to ASX healthcare and biotech shares. Majoring in immunology, Swanson is quick to delve into complex medical terminology — exhibiting a deep understanding that comes in handy when evaluating the likes of Aroa Biosurgery Ltd (ASX: ARX). The fund jumped on the soft-tissue regeneration company pre-IPO and still maintains its holding.
Another ASX share that Swanson has had a hand in picking is Beacon Lighting Group Ltd (ASX: BLX). In speaking with The Australian the Firetrail analyst said:
Eighteen months ago, we cottoned on to the fact they were rolling out a trade strategy instead of just focusing on the retail market.
It has been a great performer for the fund. Finding that angle gave us a great point of differentiation to model out the earnings.
In addition, the fund is bullish on outdoor advertising company oOh!Media Ltd (ASX: OML). Despite trading above its pre-COVID levels when accounting for dilution, Swanson believes the market is underestimating how strong the advertising market is going to be next year.
A secret tech play
Having more than proved her abilities, Eleanor Swanson is set to share another ASX tech share at the Sohn Hearts & Minds conference on 3 December 2021. At this stage, the exact company is under wraps, but we know it's a small-cap Australian company in the tech space.
It is an Australian company which has built a product here and is now taking it offshore and building a global business.
Eleanor Swanson, Firetrail Investments
Investors who tune in will hear Eleanor make the case for this ASX tech share, possibly much like she did for her bet on Afterpay not too long ago.
