Nelson Roberts Fund, Aims High for Iron Mountain (IRM)

Nelson Roberts Investment Advisors, an employee-owned investment advisory firm that provides asset and wealth management published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. The Firm’s focal point and target is to maintain a long term value and growth of assets over time. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.

Nelson Roberts Investment Advisors’ in their Q3 2020 Investor Letter said that they were able to distinguish a value in  Iron Mountain Incorporated (NYSE: IRM) and initiated a position in the company. Iron Mountain Incorporated is the global leader in document storage and information management systems that currently has a $8.651 billion market cap. For the past 3 months, IRM delivered a 9.12% return and settled at $30.02 per share at the closing of January 15th.

Here is what Nelson Roberts Investment Advisors has to say about Iron Mountain Incorporated in their Investor Letter:

“In the real estate sector, we bought a position in Iron Mountain (NYSE: IRM), the global leader in document storage and information management systems. Iron Mountain has a reliable core business and boasts a hefty 9.5% dividend. To facilitate growth, the company is working to expand into new areas such as data centers.”


Last October 2020, we published an article telling that Iron Mountain Incorporated (NYSE: IRM) was in 22 hedge funds’ portfolio, its all time high statistics. Iron Mountain Incorporated proved its worth by delivering a 1.83% return YTD.

As of September 2020, Nelson Roberts Investment Advisors had a 122K share position in IRM that amounted to $3.2 million. However, our calculations showed that Iron Mountain Incorporated (NYSE: IRM) 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.