Is Insight Enterprises Inc. (NSIT) A Good Investment Choice?

L1 Capital, an investment management firm, published its ‘L1 Capital International Fund’ first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 15% was recorded by the fund outperforming the benchmark by 8.7%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

L1 Capital International Fund, in its Q1 2021 investor letter, mentioned Insight Enterprises, Inc. (NASDAQ: NSIT), and shared their insights on the company. Insight Enterprises, Inc. is a Tempe, Arizona-based business-to-business company that currently has a $3.3 billion market capitalization. Since the beginning of the year, NSIT delivered a 25.63% return, extending its 12-month gains to 82.35%. As of May 06, 2021, the stock closed at $95.59 per share.

Here is what L1 Capital International Fund has to say about Insight Enterprises, Inc. in its Q1 2021 investor letter:

“The share price of Insight Enterprises increased by 25% (local currency). This company facilitate the continued rise of enterprise cloud software spend and are also able to add value through personalised service to companies and Government entities that are below the size targeted by the global technology companies’ own salesforces.”

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Our calculations show that Insight Enterprises, Inc. (NASDAQ: NSIT) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Insight Enterprises, Inc. was in 19 hedge fund portfolios, compared to 22 funds in the third quarter. NSIT delivered a 15.38% return in the past 3 months.

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.

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Disclosure: None. This article is originally published at Insider Monkey.