Should You Now Consider Disposing Your Beyond Meat (BYND) Position?

Horos Asset Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. Since the inception of Horos (May 21, 2018), Horos Value Internacional has returned 22.3%, below the 55.2% gain of its benchmark, while Horos Value Iberia has returned 8.1%, outperforming the 0.5% return of its index. Moreover, since 2012, the returns of this management team stand at 199% for the international strategy and 167% for the Iberian strategy, compared to 219% and 67% in their benchmark indices, respectively.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Horos Asset Management mentioned Beyond Meat, Inc. (NASDAQ:BYND) and explained its insights for the company. Founded in 2009, Beyond Meat, Inc. (NASDAQ:BYND) is an El Segundo, California-based plant-based meat substitutes producer with a $1.6 billion market capitalization. Beyond Meat, Inc. (NASDAQ:BYND) delivered a -61.36% return since the beginning of the year, while its 12-month returns are down by -83.83%. The stock closed at $25.18 per share on June 27, 2022.

Here is what Horos Asset Management has to say about Beyond Meat, Inc. (NASDAQ:BYND) in its Q1 2022 investor letter:

“What about the other asset class that has attracted the most attention from the investment community in recent times? Beyond Meat is the other company whose valuations we did not understand and whose share price has also declined drastically in the last year and a half.”

Photo by abillion on Unsplash

Our calculations show that Beyond Meat, Inc. (NASDAQ:BYND) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Beyond Meat, Inc. (NASDAQ:BYND) was in 23 hedge fund portfolios at the end of the first quarter of 2022, compared to 19 funds in the previous quarter. Beyond Meat, Inc. (NASDAQ:BYND) delivered a -48.76% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on Beyond Meat, Inc. (NASDAQ:BYND) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.