Wasatch Micro Cap Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 12.2% for the quarter, outperforming its benchmark, the Russell Microcap Index which returned 3.69% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Wasatch highlighted a few stocks and BioLife Solutions Inc (NASDAQ:BLFS) is one of them. BioLife Solutions Inc (NASDAQ:BLFS) manufactures healthcare products. Year-to-date, BioLife Solutions Inc (NASDAQ:BLFS) stock gained 170.2% and on December 24th it had a closing price of $43.72. Here is what Wasatch said:
“Another strong stock in the Fund was BioLife Solutions, Inc. (BLFS), one of our newer holdings. The company provides proprietary biopreservation products used in cell therapy, gene therapy and regenerative medicine. BioLife’s flagship product, CryoStor,® has garnered increased attention from investors because of its potential use in coronavirus vaccines requiring storage at very cold temperatures. In addition, the company offers thawing products, a cold-chain transport system and highcapacity freezers—all of which also have applications to the prospective distribution programs of certain vaccine candidates for Covid-19.”
In Q3 2020, the number of bullish hedge fund positions on BioLife Solutions Inc (NASDAQ:BLFS) stock increased by about 18% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in BioLife’s growth potential. Our calculations showed that BioLife Solutions Inc (NASDAQ:BLFS) 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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Disclosure: None. This article is originally published at Insider Monkey.