Blue Hawk Investment Group recently published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. The fund posted a return of 7.48%, below its S&P 500 benchmark that delivered an 11.69% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Blue Hawk Investment Group in their letter said that Pinterest, Inc. (NYSE: PINS) contributed 0.81% for their long book portfolio. Pinterest, Inc. is a social media service company that currently has a $20.1 billion market cap. For the past 3 months, PINS delivered a decent 43.36% return and settled at $79.81 per share at the closing of February 8th.
Here is what Blue Hawk Investment Group has to say about Pinterest, Inc. in their Q4 2020 investor letter:
“We posted a presentation we put together on the Pinterest investment case on our website here. We provide the executive summary here, and please follow the link to see the investment case in depth.
1. PINS offers some of the most valuable real estate for e-commerce advertising in the world – consumers with high purchase intent searching for inspiration/ideas prior to making up their minds, meaning they can be influenced (aka true digital shopping).
2. Previously focusing on the user experience and user growth, the company has begun its transition to the next step in the social media roadmap – building out the business side of the equation and developing tools to ramp up monetization. The current focus is advertiser self-service, tools to demonstrate advertising ROI, and partnerships to improve and increase clickable inventory.
3. We are in the early days for PINS monetization, as the site has become a massive lead generation engine for SMBs and large CPGs alike, touching all stages of the marketing funnel.”
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Just recently, we published a Maplelane’s Top 10 Stock Holdings article that includes Pinterest, Inc. (NYSE: PINS). PINS delivered a massive 232.13% return in the past 12 months.
Our calculations show that Pinterest, Inc. (NYSE: PINS) does not belong in our list of 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
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Disclosure: None. This article is originally published at Insider Monkey.
