Nelson Roberts Investment Advisors, an employee-owned investment advisory firm that provides asset and wealth management published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. The Firm’s focal point and target is to maintain a long term value and growth of assets over time. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Nelson Roberts Investment Advisors’ in their Q3 2020 Investor Letter said that they were cashing out of Alphabet Inc. (NASDAQ: GOOG). Alphabet Inc. is a global conglomerate that currently has a $1.171 trillion market cap. For the past 3 months, GOOG delivered a 10.37% return and settled at $1,736.19 per share at the closing of January 15th.
Here is what Nelson Roberts Investment Advisors has to say about Alphabet Inc. in their Investor Letter:
“We trimmed our position in Alphabet Inc. (NASDAQ: GOOG) to a market weight as we noted elevated risks for the company. Aside from the increasing regulatory threats, we reduced our portfolio’s total exposure to the five largest stocks in the S&P due to concerns about market concentration. Alphabet also has large exposures to travel and leisure customers that have been impacted by the shutdowns due to COVID-19.”
Last December 2020, we published an article telling that Alphabet Inc. (NASDAQ: GOOG) was in 150 hedge funds’ portfolio, its all time high statistics. Alphabet Inc. delivered a 17.28% return for the past 12 months.
As of September 2020, Nelson Roberts Investment Advisors had a 8.8K share position in GOOG that amounted to $12.9 million. Our calculations also showed that GOOG ranks #7 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
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