Bumbershoot Holdings: “Viking Therapeutics (VKTX) Struggled Right Off the Bat”

Bumbershoot Holdings LP, in their Q4 2020 investor letter, mentioned Viking Therapeutics, Inc. (NASDAQ: VKTX) and shared their insights on the company. Viking Therapeutics, Inc. is a California-based therapeutics company that currently has a $438.1 million market capitalization. Since the beginning of the year, VKTX delivered a 4.97% return, extending its 12-month gains to 20.12%. As of April 07, 2021, the stock closed at $5.91 per share.

Here is what Bumbershoot Holdings LP has to say about Viking Therapeutics, Inc. in their Q4 2020 investor letter:

“From an investment perspective, Viking Therapeutics (VKTX:NGS) struggled right off the bat, down roughly -30% in Jan-Feb. Viking stayed down for the remainder of the year and was a detractor to performance to the tune ~335bps.”

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Our calculations show that Viking Therapeutics, Inc. (NASDAQ: VKTX) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Viking Therapeutics, Inc. was in 13 hedge fund portfolios, compared to 15 funds in the third quarter. VKTX delivered a -0.84% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: None. This article is originally published at Insider Monkey.