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 Booking Holdings Inc. (NASDAQ:BKNG) is one of them. Booking Holdings Inc. (NASDAQ:BKNG) offers online travel and related services. In the last one year, Booking Holdings Inc. (NASDAQ:BKNG) stock gained 7.3% and on January 7th it had a closing price of $2,239.85. Here is what L1 Capital International Fund said:
“Booking Holdings owns the world’s largest online travel agent (OTA), Booking.com. Travel has been upended by COVID‑19. Increased domestic travel will partially offset reduced international travel but it will take time before the travel sector returns to a more normal environment. Booking continues to invest in growth initiatives while adjusting its cost base to current demand and we are confident Booking’s position will strengthen relative to its much more challenged competitors.”
In Q3 2020, the number of bullish hedge fund positions on Booking Holdings Inc. (NASDAQ:BKNG) stock increased by about 18% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in BKNG’s growth potential. Our calculations showed that Booking Holdings Inc. (NASDAQ:BKNG) is ranked #13 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.