Dan Niles reveals his top picks for 2021 and explains why he's cautious on tech

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(This story is for CNBC Pro subscribers only).

Hedge fund manager Dan Niles said Tuesday that some of his favorite plays for 2021 aren't in the tech sector.

Niles, a founding partner at AlphaOne Capital Partners, revealed his top five picks for next year on Tuesday's "Closing Bell," including several names tied to an economic recovery, and said the potential for inflation and higher interest rates made him cautious about tech stocks.

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