Is Illumina (ILMN) Stock a Buy For 2021?

Bonsai Partners recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 247% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 18.4% in the same quarter. You should check out Bonsai Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the Q4 2020 Investor Letter, Bonsai Partners highlighted a few stocks and Illumina Inc. (NASDAQ:ILMN) is one of them. Illumina Inc. (NASDAQ:ILMN) is a biotechnology company. In the last three months, Illumina Inc. (NASDAQ:ILMN) stock gained 65% and on February 12th it had a closing price of $504.76. Here is what Bonsai Partners said:

“Illumina is the leading provider of genomic sequencing instruments and reagents. Illumina’s shares appreciated 19.7%.

The fourth quarter was pretty quiet for the company. Illumina released third-quarter results that showed good catch-up momentum as laboratories started to reopen. I continue to monitor the position.”

15 Biggest US Government Cover Ups of All Time


Bonsai Partners has been a long time Illumina Inc. (NASDAQ:ILMN) bull. In August 2020, we shared Bonsai Partners’s bullish ILMN’s thesis in this article.

In Q2 2020, the number of bullish hedge fund positions on Illumina Inc. (NASDAQ:ILMN) stock increased by about 21% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Illumina’s growth potential. Our calculations showed that Illumina Inc. (NASDAQ:ILMN) 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.