Nelson Capital Management, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. In the letter, the fund discussed their interpretation of the economy’s reopening drives, their asset transactions, tax updates, featured equity, and a special topic about the life after the pandemic. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Nelson Capital Management, in its Q1 2021 investor letter, mentioned Stericycle, Inc. (NASDAQ: SRCL), and shared their insights on the company. Stericycle, Inc. is a Bannockburn, Illinois-based compliance company that currently has a $7.06 billion market capitalization. Since the beginning of the year, SRCL delivered an 11.03% return, extending its 12-month gains to 47.02%. As of May 07, 2021, the stock closed at $76.98 per share.
Here is what Nelson Capital Management has to say about Stericycle, Inc. in its Q1 2021 investor letter:
“Stericycle’s medical waste business was not performing well in the middle of a pandemic, partly because people have put off routine care and elective procedures. Additionally, disruptive new competition emerged with the development of in-office appliances that heat up medical waste using high temperatures that kill pathogens and shred sharps. The remains can be disposed of in regular trash after treatment . Lastly, despite a new management team and the offloading of lagging businesses, Stericycle’s performance still underwhelmed and we decided to seek better opportunities within the industrials sector.”
Our calculations show that Stericycle, Inc. (NASDAQ: SRCL) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Stericycle, Inc. was in 25 hedge fund portfolios. SRCL delivered an 11.65% 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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