Polen Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the Polen Global Growth Model Portfolio returned 20.58% gross of fees, while the MSCI All Country World Index was up 19.22%. You should check out Polen Capital’s 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, Polen Capital highlighted a few stocks and Facebook Inc (NASDAQ:FB) is one of them. Facebook Inc (NASDAQ:FB) is a social media company based in California. Year-to-date, Facebook Inc (NASDAQ:FB) stock gained 18.2% and on July 17th it had a closing price of $242.03. Here is what Polen Capital said:
“Despite Facebook’s share price increasing over 35% during the quarter, controversy surrounded the company recently. Some large companies like Verizon and Unilever have paused marketing spend on Facebook to pressure the company to make more progress on eliminating hate speech on the platform. While this is potentially negative for Facebook’s advertising revenue over the short-term, the bigger concern would be if user engagement changes. As of now, user engagement remains at high levels. We believe that ultimately advertisers will continue to choose Facebook since consumers spend a lot of their time on the platform. However, we will follow this issue closely and continue to intently monitor engagement levels.”
In Q1 2020, the number of bullish hedge fund positions on Facebook Inc (NASDAQ:FB) stock increased by about 8% from the previous quarter (see the chart here), so a number of other hedge fund managers are bullish on Facebook’s growth potential. Our calculations showed that Facebook Inc (NASDAQ:FB) is ranked #3 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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