Upslope Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The Fund returned 7.9% net of fees for the fourth quarter, as compared to the 24.4% return of the S&P Midcap 400 ETF and 7.8% return of the HFRX Equity Hedge Index. You should check out Upslope Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Upslope Capital highlighted a few stocks and Evercore Inc. (NYSE:EVR) is one of them. Evercore Inc. (NYSE:EVR) is an investment banking company. In the last three months, Evercore Inc. (NYSE:EVR) stock gained 39.2% and on January 22nd it had a closing price of $114.56. Here is what Upslope Capital said:
“Leading independent, boutique investment bank focused largely on M&A and other corporate financial advisory. Market-leading franchise with history of share gains, strong balance sheet, and significant cyclical upside post-normalization.”
Upslope Capital has been a long time Evercore Inc. (NYSE:EVR) bull. In April 2020, we shared Upslope Capital’s bullish EVR’s thesis in this article.
In Q2 2020, the number of bullish hedge fund positions on Evercore Inc. (NYSE:EVR) stock decreased by about 14% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Evercore’s growth potential. Our calculations showed that Evercore Inc. (NYSE:EVR) 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.