Baron Asset Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Asset Fund returned -1.03% (institutional shares). In comparison, the benchmark S&P 500 Index was up 6.17%, while the Russell Midcap Growth Index was down 0.57%. You should check out Baron Asset Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Tripadvisor Inc. (NASDAQ:TRIP) is one of them. Tripadvisor Inc. (NASDAQ:TRIP) is an online travel company. In the last three months, Tripadvisor Inc. (NASDAQ:TRIP) stock gained 53.7% and on April 22nd it had a closing price of $49.67. Here is what the fund said:
“Tripadvisor, Inc., an online travel company on whose site users can browse reviews and plan trips, gained meaningfully during the quarter following a well-received launch of its travel-focused subscription offering. With more than 460 million unique monthly visitors to its travel sites, we believe that Tripadvisor is a unique asset that is well-positioned to benefit from pent-up demand as pandemic-related travel restrictions ease. We believe there are several positive changes underway at Tripadvisor, notably its introduction of subscription-based products, that will drive improved monetization going forward.”
In Q4 2020, the number of bullish hedge fund positions on Tripadvisor Inc. (NASDAQ:TRIP) stock increased by about 41% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in TRIP’s growth potential. Our calculations showed that Tripadvisor Inc. (NASDAQ:TRIP) 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.