Bernzott Capital Advisors recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 8.61% (net) for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned 2.56% in the same quarter. You should check out Bernzott Capital Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Bernzott Capital Advisors highlighted a few stocks and Inovalon Holdings Inc. (NASDAQ:INOV) is one of them. Inovalon Holdings Inc. (NASDAQ:INOV) is a technology company. Year-to-date, Inovalon Holdings Inc. (NASDAQ:INOV) stock gained 3.2% and on December 11th it had a closing price of $19.42. Here is what Bernzott Capital Advisors said:
“Inovolan (INOV): Posted strong Q2 results that were well ahead of both guidance and consensus estimates. INOV also delivered new a quarterly record for new bookings, despite travel and face-to-face meeting restrictions and COVID-19 response distractions at client organizations. INOV signed a long-term engagement with Wal-Mart, one of the largest medical distributors (Cardinal Health) as well as one of the world’s largest payers (not disclosed). Meanwhile, INOV has “a very significant pipeline that has hundreds of different opportunities in it at varying different stages.”
In Q1 2020, the number of bullish hedge fund positions on Inovalon Holdings Inc. (NASDAQ:INOV) stock decreased by about 6% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Inovalon’s growth potential. Our calculations showed that Inovalon Holdings Inc. (NASDAQ:INOV) 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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