Eschler Asset Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 12.2% for the third quarter, outperforming the S&P 500 Index which returned 8.93% in the same quarter. You should check out Eschler Asset Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners this year.
In the said letter, Eschler Asset Management highlighted a few stocks and Maxar Technologies Inc. (NYSE:MAXR) is one of them. Maxar Technologies Inc. (NYSE:MAXR) is a space technology company. Year-to-date, Maxar Technologies Inc. (NYSE:MAXR) stock gained 82.5% and on October 14th it had a closing price of $29.44. Here is what Eschler Asset Management said:
“At the single stock level, a notable performer during Q3 2020 was Maxar Technologies, whose price doubled in six months from the Fund’s initial purchase on the back of improved orders in the satellite manufacturing segment and stable cash flow in the earth intelligence (satellite imagery) segment. The story is improving but I felt the shares had run up too fast (and become too large a holding) and decided to exit.”
In Q1 2020, the number of bullish hedge fund positions on Maxar Technologies Inc. (NYSE:MAXR) stock increased by about 23% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Maxar’s growth potential. Our calculations showed that Maxar Technologies Inc. (NYSE:MAXR) 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.