Alta Fox Capital recently released its Q1 2020 Investor Letter, a copy of which you can download here. The Alta Fox Opportunities Fund posted a return of -26.98% for the quarter (net), underperforming its benchmark, the S&P which returned -19.6% in the same quarter. You should check out Alta Fox Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, Alta Fox Capital highlighted a few stocks and One Group Hospitality Inc. (NASDAQ:STKS) is one of them. One Group Hospitality is a global hospitality company. Year-to-date, One Group Hospitality Inc. (NASDAQ:STKS) stock lost 49.7% and on June 22nd it had a closing price of $1.83. Here is what Alta Fox Capital said:
“We realized losses in One Group Hospitality Inc. (“STKS”), which had recently posted impressive same store sales in Q4-19 and was largely tracking to our bull case. However, Q4-19 performance was made irrelevant by the spread of COVID-19. The pandemic has decimated travel and tourism, which is particularly important for STKS’ Las Vegas and Orlando locations. Combine a worst-case macro environment with financial and operational leverage, and it was clear we needed to exit the position.”
Our calculations showed that One Group Hospitality Inc. (NASDAQ:STKS) 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
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, 2020’s unprecedented market conditions provide us with the highest number of trading opportunities in a decade. So we are checking out stocks recommended/scorned by legendary Bill Miller. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
