Alluvial Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 12.4% was delivered by the fund for the Q1 of 2021, outperforming the MSCI World Sm+MicroCap NR benchmark that delivered a 9.8% return, but below the Russell MicroCap TR and Russell 2000 TR index that had a 23.9% and 12.7% gains respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alluvial Capital Management, in their Q1 2021 investor letter, mentioned Nuvera Communications, Inc. (NYSE: NUVR), and shared their insights on the company. Nuvera Communications, Inc., Inc. is a New Ulm, Minnesota-based communication solutions provider that currently has a $123.9 million market capitalization. Since the beginning of the year, NUVR delivered a 23.32% return, extending its 12-month gains to 40.00%. As of April 30, 2021, the stock closed at $23.80 per share.
Here is what Alluvial Capital Management has to say about Nuvera Communications, Inc. in their Q1 2021 investor letter:
“Our twin domestic rural telecoms, LICT and Nuvera Communications, are trading at all-time highs. Each continues to invest in its network and return cash to shareholders. The market is undoubtedly eyeing an increase in subsidies that may result from any infrastructure bill that is signed into law, but also the attractiveness of fiber assets in an era where highspeed internet is virtually essential for modern life.”
Our calculations show that Nuvera Communications, Inc. (NYSE: NUVR) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. NUVR delivered a 23.64% 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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Disclosure: None. This article is originally published at Insider Monkey.
