Argosy Investors recently released its Q4 2020 Investor Letter, a copy of which you can download here. Full-year 2020 performance was 29.8% in select accounts. The S&P 500 by comparison returned 18.4%. You should check out Argosy Investors’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Argosy Investors’ highlighted a few stocks and Fortive Corp (NYSE:FTV) is one of them. Fortive Corp (NYSE:FTV) is an American diversified industrial technology conglomerate company. In the last three months, Fortive Corp (NYSE:FTV) stock gained 4.6% and on January 15th it had a closing price of $70.22. Here is what Argosy Investors’ said:
“We’re getting long in the tooth here, so we’ll conclude with an update Fortive (FTV). Fortive completed its spinoff of Vontier, a business that manufactures gas station terminals, smart city traffic lights, a telematics business, and an auto repair tools distribution business, led by CEO Mark Morelli, a wellregarded external hire from Columbus McKinnon. My outlook is bright for both Fortive and Vontier, though Vontier is more heavily focused in the automotive sector and faces some multi-year headwinds from any transition to electric vehicles. Vontier is also nearing the end of a large installation cycle in its Gilbarco-Veeder-Root business which makes today’s earnings somewhat higher than they will be a couple years from now. If there is one fact I am confident about, both Fortive and Vontier will look very different three years from now due to their highly effective acquisition and integration processes that leverages Lean (a concept discussed in prior letters).”
In Q3 2020, the number of bullish hedge fund positions on Fortive Corp (NYSE:FTV) stock decreased by about 3% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Fortive’s growth potential. Our calculations showed that Fortive Corp (NYSE:FTV) 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.