L1 Capital International Fund released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund posted a return of 5.1% for the quarter, outperforming the benchmark Index which returned 3.7% in the same quarter. You should check out L1 Capital International Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, L1 Capital International Fund highlighted a few stocks and Nike Inc. (NYSE:NKE) is one of them. Nike Inc. (NYSE:NKE) is a footwear manufacturing company. In the last one year, Nike Inc. (NYSE:NKE) stock gained 42.8% and on January 7th it had a closing price of $144.95. Here is what L1 Capital International Fund said:
“We reduced our investment in Nike. Nike is performing extremely strongly in a challenging operating environment, gaining share and exceeding our expectations. However, the market has recognised Nike’s strong performance and after a substantial increase in the share price we consider the risk adjusted return potential only warrants a minimum position size.”
Last month, we published an article revealing that Nike Inc. (NYSE:NKE) stock was one of the 10 best Dow stocks to buy now.
In Q3 2020, the number of bullish hedge fund positions on Nike Inc. (NYSE:NKE) stock increased by about 6% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Nike’s growth potential. Our calculations showed that Nike Inc. (NYSE:NKE) isn’t ranked 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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Disclosure: None. This article is originally published at Insider Monkey.