Carillon Eagle Mid Cap Growth Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. You should check out Carillon Eagle Mid Cap Growth Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Carillon Eagle Mid Cap Growth Fund highlighted a few stocks and ResMed Inc (NYSE:RMD) is one of them. ResMed Inc (NYSE:RMD) is a medication company. In the last one year, ResMed Inc (NYSE:RMD) stock gained 36.2% and on December 31st it had a closing price of $212.56. Here is what Carillon Eagle Mid Cap Growth Fund said:
“ResMed is the global leader in providing equipment, supplies, and digital solutions for the treatment of sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. The majority of its revenues are derived from the manufacturing and sales of Continuous Positive Airway Pressure (CPAP) flow generators and masks for the treatment of sleepdisordered breathing. The company experienced headwinds in the quarter, as it is still feeling the lingering effects of COVID-19 on its in-patient sleep labs. Despite this, we remain optimistic the firm should be able to return to the pre-COVID levels of solid revenue and earnings growth that have generated very strong shareholder returns for quite some time.”
In Q3 2020, the number of bullish hedge fund positions on ResMed Inc (NYSE:RMD) stock increased by about 40% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in ResMed’s growth potential. Our calculations showed that ResMed Inc (NYSE:RMD) 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
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.