Wasatch Small Cap Value Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 29.9% for the quarter, underperforming its benchmark, the Russell 2000 Value Index which returned 33.4% in the same quarter. You should check out Wasatch’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, Wasatch highlighted a few stocks and Heico Corp (NYSE:HEI) is one of them. Heico Corp (NYSE:HEI) is an aerospace and electronics company. In the last three months, Heico Corp (NYSE:HEI) stock gained 0.1% and on February 22nd it had a closing price of $129.59. Here is what Wasatch said:
“Shares of longtime holding HEICO Corp. (HEI), a provider of aircraft replacement parts, lost more than onethird of their value in a little over a month due to the broader concerns about the aviation industry. We recognized HEICO as a high-quality, wellmanaged business that we thought would be less affected by Covid-related developments due to its presence in the aerospace and defense industries. We held onto the position, allowing the Fund to benefit as the stock ultimately surpassed its precrisis highs in mid-November.”
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Our calculations showed that Heico Corp (NYSE:HEI) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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.
