NZS Capital LLC, an investment management firm, published its “NZS Capital Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 6.87% was reported by the fund for the Q1 of 2021, outperforming its global market index benchmark that delivered a 4.78% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
NZS Capital LLC, in their Q1 2021 investor letter, mentioned ViacomCBS Inc. (NASDAQ: VIAC) and shared their insights on the company. ViacomCBS Inc. is a New York-based mass media company that currently has a $24.8 billion market capitalization. Since the beginning of the year, VIAC delivered a 5.34% return, extending its 12-month gains to 168.28%. As of April 15, 2021, the stock closed at $39.25 per share.
Here is what NZS Capital LLC has to say about ViacomCBS Inc. in their Q1 2021 investor letter:
“In the first quarter, our top contributors (included) ViacomCBS. We substantially reduced our position in ViacomCBS as the stock appreciated, and subsequently took advantage of volatility to increase our position throughout the quarter.”
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Our calculations show that ViacomCBS Inc. (NASDAQ: VIAC) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, ViacomCBS Inc. was in 44 hedge fund portfolios. VIAC delivered a -14.67% return in the past 3 months.
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.
