Del Principe O’Brien Financial Advisors recently released its third-quarter investor letter – a copy of which is available for download here. The fund posted a return of 8.6% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 8.9% in the same quarter. You should check out Del Principe O’Brien Financial Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Del Principe O’Brien Financial Advisors highlighted a few stocks and Roper Technologies Inc (NYSE:ROP) is one of them. Roper Technologies Inc (NYSE:ROP) manufactures and distributes industrial equipment. Year-to-date, Roper Technologies Inc (NYSE:ROP) stock gained 20% and on December 17th it had a closing price of $425.04. Here is what Del Principe O’Brien Financial Advisors said:
“Diversified technology company Roper is another serial acquirer. In August 2019, Roper acquired iPipeline, provider of cloud-based software solutions for the life insurance and financial services industry, in an all-cash transaction valued at $1.625 billion.
This August, Roper reached a definitive agreement to acquire Vertafore, provider of cloud-based software that simplifies and automates processes around property and casualty (“P&C”) insurance. The all-cash transaction is valued at about $5.35 billion. A move like this is what we have come to expect from Roper. The company tends to target niche industries with a zealous focus on each business executing a long-term, sustainable, and asset-light organic growth strategy. This move is the reason we added to our existing investment following the market pullback in the spring. It has proven to be a great growth opportunity for us.”
In September, we published an article revealing Del Principe O’Brien Financial Advisors bullish investment thesis on Roper Technologies Inc (NYSE:ROP) stock in its Q2 2019 investor letter. This suggests that the investment firm has been bullish for a long time on Roper Technologies Inc (NYSE:ROP).
In Q3 2020, the number of bullish hedge fund positions on Roper Technologies Inc (NYSE:ROP) stock increased by about 11% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in ROP’s growth potential. Our calculations showed that Roper Technologies Inc (NYSE:ROP) 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.