Polen Capital Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. During the third quarter of 2020, the Polen U.S. Small Company Growth Composite Portfolio returned 4.57% gross of fees, while the Russell 2000 Growth Index was up 7.17%. You should check out Polen Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the said letter, Polen Capital highlighted a few stocks and Globant S.A. (NYSE:GLOB) is one of them. Globant S.A. (NYSE:GLOB) is a software development company. Year-to-date, Globant S.A. (NYSE:GLOB) stock gained 74.2% and on November 12th it had a closing price of $184.77. Here is what Polen Capital said:
“Globant SA was another top contributor during the quarter. Globant helps clients with their digital transformation. The need to invest in digital transformation has accelerated as the pandemic has forced us all to conduct many aspects of our lives virtually. In fact, the company has seen its top customers deepen their relationship and spending with Globant. We view this as a proof statement that the services Globant provides are mission critical for its clients and believe the company is well positioned in the fast-growing digital strategy consulting services industry.”
In Q1 2020, the number of bullish hedge fund positions on Globant S.A. (NYSE:GLOB) stock decreased by about 6% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Globant’s growth potential. Our calculations showed that Globant S.A. (NYSE:GLOB) 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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