If you are looking for the best ideas for your portfolio you may want to consider some of Maran Capital Management’s top stock picks. Maran Capital Management, an investment management firm, is bullish on Clarus Corp (NASDAQ:CLAR) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Clarus Corp (NASDAQ:CLAR) stock. Clarus Corp (NASDAQ:CLAR) is focused on the outdoor and consumer industries.
On July 24, 2019, Maran Capital Management had released its Q2 2019 investor letter. The investment firm said Clarus Corp (NASDAQ:CLAR) stock is one of the top five positions held in Q2 2019. Clarus Corp (NASDAQ:CLAR) stock has posted a return of 18.7% in the trailing one year period, outperforming the S&P 500 Index which returned 13.7% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Clarus Corp (NASDAQ:CLAR) stock has risen by 2.5%.
In Q2 2019 investor letter, Maran Capital Management said the fund posted a return of 2.8% in the second quarter of 2019, underperforming fund’s benchmark the S&P 500 Index which returned 4.3% in the same period. Let’s take a look at comments made by Maran Capital Management about Clarus Corp (NASDAQ:CLAR) stock in the Q2 2019 investor letter.
“Clarus, parent company of Black Diamond Equipment, continues to exceed expectations, having reported another very strong quarter (on both sales and margins) in early May.
I attended the Outdoor Retailer trade show in June to continue my due diligence on Black Diamond (BD) and its ecosystem (competitors, customers, suppliers, etc). BD formally announced their new footwear line at the trade show, which will launch at REI this fall and more broadly in early 2020. I believe there are a number of exciting catalysts to play out in the next 12-18+ months(including numerous new product launches, climbing in the Olympics in 2020, and continued margin improvement due to mix and procurement).
As I mentioned above, I had the pleasure of hosting a fireside chat with Warren Kanders, Clarus’ chairman, at the Casulo Symposium in NYC in April. The title of the session was “The Anatomy of a Hundred-Bagger.” Kanders and I discussed the 100+ bagger that he achieved in his prior public company, Armor Holdings, as well as his broader philosophy and framework, and tied it to the approach he is taking at Clarus today. It was a fantastic, informative discussion; I continue to believe that we are in good hands with Mr. Kanders and the entire Clarus management team. Thank you, Warren!”
In Q1 2020, the number of bullish hedge fund positions on Clarus Corp (NASDAQ:CLAR) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Clarus Corp (NASDAQ:CLAR) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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.