Baron Discovery Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Discovery Fund returned 7.5% (institutional shares). This was 2.59% higher than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery 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 Viant Technology Inc. (NASDAQ:DSP) is one of them. Viant Technology Inc. (NASDAQ:DSP) is a software company. In the last month, Viant Technology Inc. (NASDAQ:DSP) stock lost 35.6% and on May 10th it had a closing price of $27.91. Here is what the fund said:
“This quarter we became investors in Viant Technology Inc., an advertising software company that enables marketers and ad agencies globally to plan, buy, and measure ad campaigns in a highly automated fashion. Founded in 1999, Viant is still led by brothers and founders Tim and Chris Vanderhook. The company enables marketers to tap into data from over 70 partners in order to conduct high-return ad campaigns without dependence on the “cookie” (cookies are text files with small pieces of data, like a username and password, that are used to identify your computer as you use a computer network). The reason cookie-less technology is becoming increasingly important within digital advertising is that Apple and Google have announced they have (or soon will) disable tracking of third-party cookies in their respective web browsers. Last year, Viant represented less than 0.1% market share in the $205 billion U.S. advertising market. We believe Viant’s patented tracking technology should enable it to meaningfully take market share from competitors while benefiting from double-digit growth in programmatic advertising generally. As a result, revenue is expected to grow 20% or more for the next several years, which we think will result in steady stock appreciation from current levels.”
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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