Upslope Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The Fund returned 7.9% net of fees for the fourth quarter, as compared to the 24.4% return of the S&P Midcap 400 ETF and 7.8% return of the HFRX Equity Hedge Index. You should check out Upslope Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Upslope Capital highlighted a few stocks and MarketAxess Holdings Inc (NASDAQ:MKTX) is one of them. MarketAxess Holdings Inc (NASDAQ:MKTX) is a financial services company. In the last three months, MarketAxess Holdings Inc (NASDAQ:MKTX) stock lost 6.9% and on January 22nd it had a closing price of $509.70. Here is what Upslope Capital said:
“Platform for electronic trading of fixed income (mostly corporate high-grade, high-yield, Eurobonds, emerging markets). Beneficiary of long-term trend towards electronic trading; market share gains have accelerated sharply YTD, further bolstering dominant competitive position.”
Upslope Capital has been a long time MarketAxess Holdings Inc (NASDAQ:MKTX) bull. In October 2020, we shared Upslope Capital’s Q2 2019 bullish MKTX’s thesis in this article.
In Q3 2020, the number of bullish hedge fund positions on MarketAxess Holdings Inc (NASDAQ:MKTX) stock increased by about 3% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in MarketAxess’s growth potential. Our calculations showed that MarketAxess Holdings Inc (NASDAQ:MKTX) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.