Wasatch Micro Cap Fund recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 3.11% for the quarter, underperforming its benchmark, the Russell Microcap Index which returned 4.14% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Vintage Wine Estates Inc. (NASDAQ:VWE) is one of them. Vintage Wine Estates Inc. (NASDAQ:VWE) produces alcoholic beverages. In the last three months, Vintage Wine Estates Inc. (NASDAQ:VWE) stock lost 11.3%. Here is what the fund said:
“Another strong stock in the Fund was Vintage Wine Estates, Inc. (VWE). A rapidly growing producer of wine with an industry-leading directto-consumer platform, the company operates 12 estates in California, Oregon and Washington state. Investors reacted positively to the merger of Vintage Wine Estates with a publicly traded, special-purpose acquisition company (SPAC). The combined entity’s desirable combination of organic and acquisitive growth within a fragmented industry—together with its balanced omni-channel marketing strategy—make it an attractive holding for the Fund in our view.”
Our calculations showed that Vintage Wine Estates Inc. (NASDAQ:VWE) isn’t ranked among the 30 most popular stocks among hedge funds.
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.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. 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 homepage.
Disclosure: None. This article is originally published at Insider Monkey.