Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Composite” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.35% was delivered by the fund for the first quarter of 2021, trailing its Russell 2500 Growth benchmark that delivered a 2.49% gain for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Polen Capital, in its Q1 2021 investor letter, mentioned Medpace Holdings, Inc. (NASDAQ: MEDP), and shared their insights on the company. Medpace Holdings, Inc. is a Cincinnati, Ohio-based contract research organization that currently has a $5.9 billion market capitalization. Since the beginning of the year, MEDP delivered a 19.78% return, extending its 12-month gains to 79.97%. As of May 24, 2021, the stock closed at $168.00 per share.
Here is what Polen Capital has to say about Medpace Holdings, Inc. in its Q1 2021 investor letter:
“The healthcare sector, where we are significantly underweight relative to the Index, also contributed positively to performance. Medpace, one of the two healthcare companies we do own, performed well compared to the negative returns in the broader sector.”
Our calculations show that Medpace Holdings, Inc. (NASDAQ: MEDP) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Medpace Holdings, Inc. was in 21 hedge fund portfolios, compared to 25 funds in the fourth quarter of 2020. MEDP delivered a 6.87% return in the past 3 months.
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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