Polen Capital, an investment management firm, published its “Polen U.S. Small Company Growth” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 1.94% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2000 Growth benchmark that delivered a -5.64% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.
Polen U.S. Small Company Growth, in its Q3 2021 investor letter, mentioned Simulations Plus, Inc. (NASDAQ: SLP) and discussed its stance on the firm. Simulations Plus, Inc. is a Lancaster, California-based software company with a $1.1 billion market capitalization. SLP delivered a -22.59% return since the beginning of the year, while its 12-month returns are up by 0.04%. The stock closed at $55.67 per share on November 22, 2021.
Here is what Polen U.S. Small Company Growth has to say about Simulations Plus, Inc. in its Q3 2021 investor letter:
“Simulations Plus, a partner to the pharmaceutical and biotech industries, underperformed during the period. The company may be experiencing COVID-19 challenges related to delayed services projects from its customers. We continue to monitor the situation closely.”
Based on our calculations, Simulations Plus, Inc. (NASDAQ: SLP) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. SLP was in 12 hedge fund portfolios at the end of the third quarter of 2021, compared to 16 funds in the previous quarter. Simulations Plus, Inc. (NASDAQ: SLP) delivered a 23.35% return in the past 3 months.
Disclosure: None. This article is originally published at Insider Monkey.