Bretton Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 11.52% for the quarter, underperforming its benchmark, the S&P 500 Index which returned 12.15% in the same quarter. You should check out Brown Capital Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, the fund spoke about Ross Stores Inc. (NASDAQ:ROST) and TJX Companies Inc (NYSE:TJX) stocks. Ross Stores Inc. (NASDAQ:ROST) and TJX Companies Inc (NYSE:TJX) are department store companies. In the last three months, Ross Stores Inc. (NASDAQ:ROST) stock lost 4.7% and on March 4th it had a closing price of $112.02. In the last three months, TJX Companies Inc (NYSE:TJX) stock lost 7.5% and on March 4th it had a closing price of $62.55. Here is what the fund said:
“Not surprisingly, Ross and TJX were among the hardest hit in our portfolio. In spring, almost all of their stores were closed. As health officials found that masks and distancing could significantly reduce transmission, the stores were able to reopen and continue operating during the recent winter surges. We estimate earnings per share declined roughly 80% for both companies. Most of the losses came from the second-quarter shutdowns, yet by the third quarter, sales were roughly the same as pre-crisis levels, which was honestly a little surprising to us. People really love their off-price apparel. Ross’s stock returned 5.8% and TJX’s 12.3%.”
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Yesterday, we published an article revealing that Ross Stores Inc. (NASDAQ:ROST) stock fell after missing expectations for the fourth quarter.
Our calculations showed that Ross Stores Inc. (NASDAQ:ROST) and TJX Companies Inc (NYSE:TJX) aren’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.
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Disclosure: None. This article is originally published at Insider Monkey.
