Harding Loevner, an investment management firm, published its “International Equity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 0.89% was recorded by the fund for the Q1 of 2021, trailing the MSCI All Country World Ex-US benchmark, which returned 3.60%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in its Q1 2021 investor letter, mentioned Check Point Software Technologies Ltd. (NASDAQ: CHKP), and shared their insights on the company. Check Point Software Technologies Ltd. is a Tel Aviv-Yafo, Israel-based software company that currently has a $15.8 billion market capitalization. Since the beginning of the year, CHKP delivered an -11.99% return, while its 12-month gains are up by 7.93%. As of May 28, 2021, the stock closed at $116.98 per share.
Here is what Harding Loevner has to say about Check Point Software Technologies Ltd. in its Q1 2021 investor letter:
“Another software holding, Israeli security firm Check Point, saw its shares fall after announcing that investments to fund its future growth will reduce margins this year.”
Copyright: welcomia / 123RF Stock Photo
Our calculations show that Check Point Software Technologies Ltd. (NASDAQ: CHKP) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Check Point Software Technologies Ltd. was in 31 hedge fund portfolios, compared to 26 funds in the fourth quarter of 2020. CHKP delivered a 3.49% 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.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. 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 homepage.
Disclosure: None. This article is originally published at Insider Monkey.
