Bonsai Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 101.8% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Bonsai Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, Bonsai Partners highlighted a few stocks and Genasys Inc. (NASDAQ:GNSS) is one of them. Genasys Inc. (NASDAQ:GNSS) is a technology company. Year-to-date, Genasys Inc. (NASDAQ:GNSS) stock gained 37.0% and on August 17th it had a closing price of $4.48. Here is what Bonsai Partners said:
“Genasys is a provider of critical communications solutions for both civilian and government personnel.
Genasys shares appreciated approximately 49% during the quarter. I meaningfully trimmed our position at prices well above those recognized at quarter-end.
From the trough in March through the peak intra-quarter, Genasys shares appreciated >200%. These share price movements did not appear to be driven by improved company fundamentals.
For reasons mentioned earlier, I decided to trim the position near these highs as the forward-looking risk/reward wasn’t as attractive and therefore it didn’t merit such an outsized position. I retained a smaller position in Genasys as the future remains bright for their emerging software business.”
In Q1 2020, the number of bullish hedge fund positions on Genasys Inc. (NASDAQ:GNSS) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Genasys Inc. (NASDAQ:GNSS) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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.