MarketAxess Holdings (MKTX) Has Risen 51% in Last One Year, Outperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Upslope Capital Management’s top stock picks. Upslope Capital Management, an investment management firm, is bullish on MarketAxess Holdings Inc (NASDAQ:MKTX) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on MarketAxess Holdings Inc (NASDAQ:MKTX) stock. MarketAxess Holdings Inc (NASDAQ:MKTX) is a financial services company.

On July 15, 2019, Upslope Capital Management had released its Q2 2019 investor letter. MarketAxess Holdings Inc (NASDAQ:MKTX) stock has posted a return of 51.1% in the trailing one year period, outperforming the S&P 500 Index which returned 13.4% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, MarketAxess Holdings Inc (NASDAQ:MKTX) stock has risen by 27.0%.

In Q2 2019 investor letter, Upslope Capital Management said the fund posted a return of 7.8% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Upslope Capital Management about MarketAxess Holdings Inc (NASDAQ:MKTX) stock in the Q2 2019 investor letter.

“Biggest Contributor: Long – MarketAxess (MKTX): MarketAxess is the leading venue for trading corporate bonds electronically. The company had a strong quarter – and released even stronger monthly data after Q1 results, showing an acceleration in share gains. I have been surprised by the magnitude of the move in the stock and trimmed the position.”


In Q2 2020, the number of bullish hedge fund positions on MarketAxess Holdings Inc (NASDAQ:MKTX) stock increased by about 22% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with MKTX’s growth potential. Our calculations showed that MarketAxess Holdings Inc (NASDAQ:MKTX) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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.