Blue Hawk Investment Group published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 7.48% was recorded by the fund for the Q4 of 2020, below its S&P 500 benchmark that delivered an 11.69% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
The fund in its Q4 letter said that Peloton Interactive, Inc. (NASDAQ: PTON) was one of the top contributors for their long book. Peloton Interactive, Inc. is an exercise equipment and media company that currently has a $42.7 billion market cap. For the past 3 months, PTON delivered a decent 44.98% return and settled at $144.99 per share at the closing of February 8th.
Here is what Blue Hawk Investment Group has to say about Peloton Interactive, Inc. in their Q4 2020 investor letter:
“We also exited Peloton after the stock price doubled from where we initiated our position no more than three months prior. The valuation continued to run up quickly, to the point where we thought the risk/reward tradeoff was much better in other parts of the portfolio.”
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Last month, we published an article that talks about Stifel’s bullish investment thesis on Peloton Interactive, Inc. (NASDAQ: PTON), emphasizing its acquisition of the fitness equipment provider, Precor. PTON delivered a massive 406.96% return in the past 12 months.
Our calculations show that Peloton Interactive, Inc. (NASDAQ: PTON) does not belong in our list of 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
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website.
Disclosure: None. This article is originally published at Insider Monkey.
