Qualivian Investment Partners recently released its Q3 2020 Investor Letter. In Q3 2020, the fund was up 9.3% and 9.1% on a gross and net basis versus the S&P’s 8.93% increase, outperforming by 0.3% and 0.2%. In October, we published an article revealing our exclusive interview with Qualivian Investment Partners’ co-founder Aamer Khan. You should check out Qualivian Investment Partners’ top 3 stock picks for investors to buy right now, which could be the biggest winners in 2021.
In the Q3 2020 Investor Letter, Qualivian Investment Partners highlighted a few stocks and Amazon.Com Inc (NASDAQ:AMZN) is one of them. Amazon.Com Inc (NASDAQ:AMZN) is a technology company. Year-to-date, Amazon.Com Inc (NASDAQ:AMZN) stock gained 71.5% and on November 30th it had a closing price of $3,168.04. Here is what Qualivian Investment Partners said:
“Amazon: AMZN shares, along with many other eCommerce participants, have been on a strong run this year, outperforming the S&P 500 materially since February. COVID is pulling forward years of eCommerce migration and AMZN is one of the big winners. Alongside this, cloud migration continues to accelerate as the cost-benefit of migrating from on-premise to the cloud dominates especially in the work/learn from home COVID era. AMZN handily beat topline consensus estimates across its 1P/3P online sales, subscription, and other revenues, while meeting AWS sales estimates (which disappointed market observers). Operating income and cash flow handily beat consensus, increasing 96% and 52% last quarter, despite spending an incremental $2.5bn in Q2 and Q3 on COVID-related expenses.
The management team continues to invest in Prime One-Day shipping, AWS, international, video content, positioning the company for continued market share gains, new revenue growth vectors, and margin expansion once the company laps this investment cycle, further strengthening its long-term competitive advantage. The key risks that we continue to monitor are regulatory/political in nature.”
In October, we published an article revealing that Mark McMeans’ Brasada Capital Management is bullish on Amazon.Com Inc (NASDAQ:AMZN) stock. Amazon was another tech giant that Brasada Capital bought more shares of during Q2, boosting the size of its Amazon holding by 82%.
In Q3 2020, the number of bullish hedge fund positions on Amazon.Com Inc (NASDAQ:AMZN) stock decreased by about 1% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Amazon’s growth potential. Our calculations showed that Amazon.Com Inc (NASDAQ:AMZN) is ranked #1 among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.