Bonsai Partners recently released its Q1 2021 Investor Letter, a copy of which you can download here. The fund posted a return of -0.8% for the quarter (net of fees), underperforming their benchmark, the S&P 500 Index which returned 6.2% 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 Q1 2021 Investor Letter, the fund 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 lost 7%. Here is what the fund said:
“Illumina is the leading provider of genomic sequencing instruments and reagents. Illumina’s shares appreciated 3.8%.
Similar to last quarter, this quarter was relatively quiet for Illumina. The company positively preannounced earnings for the first quarter as catch-up demand for lab genomics was robust.
On the regulatory front, the Federal Trade Commission opposed Illumina’s acquisition of GRAIL, which is ironic considering it was once a part of Illumina before it spun out. I have no way of knowing whether the deal will go through.”
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Bonsai Partners has been a long time Illumina Inc. (NASDAQ:ILMN) bull. In October 2020, we shared Bonsai Partners ILMN’s thesis in this article.
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 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.
