Is Cohen & Steers (CNS) a Smart Long-term Buy?

Baron Growth Fund recently published its third-quarter commentary – a copy of which can be downloaded here. During the third quarter of 2020, the Baron Growth Fund returned 10.95% (institutional shares). In comparison, the benchmark S&P 500 Index was up 8.93%, while the Russell 2000 Growth Index was up 7.16%. You should check out Baron Growth 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, Baron Growth Fund highlighted a few stocks and Cohen & Steers Inc. (NYSE:CNS) is one of them. Cohen & Steers Inc. (NYSE:CNS) operates as a global investment manager. Year-to-date, Cohen & Steers Inc. (NYSE:CNS) stock gained 24.3% and on December 8th it had a closing price of $78.03. Here is what Baron Growth Fund said:

“Shares of Cohen & Steers, Inc., a global investment manager specializing in real assets and alternative income, detracted from results in the quarter. Shares declined as investors took a more cautious view on the outlook for real estate assets, which is the company’s area of focus. We continue to believe that the asset class remains attractive over the longer term, and Cohen & Steers is uniquely positioned to benefit from increasing investor demand for listed real estate investments.”

In Q2 2020, the number of bullish hedge fund positions on Cohen & Steers Inc. (NYSE:CNS) stock increased by about 5% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in CNS’s growth potential. Our calculations showed that Cohen & Steers Inc. (NYSE:CNS) 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

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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 website:

Disclosure: None. This article is originally published at Insider Monkey.