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 talked about Quidel Corporation (NASDAQ: QDEL). Quidel Corporation is a manufacturer of diagnostic healthcare products that currently has a $8.6 billion market cap. For the past 3 months, QDEL delivered a -19.89% return and settled at $204.49 per share at the closing of January 15th.
Here is what Nelson Roberts Investment Advisors has to say about Quidel Corporation in their Investor Letter:
“We bought a position in Quidel (NASDAQ: QDEL), a company that helps make healthcare more efficient by focusing on point-of-care diagnostic testing. Though Quidel has benefited from the release of its SARS-CoV-2 molecular assay and antigen tests, we believe there is opportunity for point-of-care testing in many other applications beyond the pandemic. Furthermore, as flu season kicks into full gear, it will be crucial to differentiate COVID-19 cases from flu cases. “
Last December 2020, we published an article telling that Quidel Corporation (NASDAQ: QDEL) was in 42 hedge funds’ portfolio, its all time high statistics. Quidel Corporation delivered a 182.02% return for the past 12 months.
As of September 2020, Nelson Roberts Investment Advisors had a 30K share position in VTR that amounted to $6.6 million. However, our calculations showed that Quidel Corporation (NASDAQ: QDEL) 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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