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 Mix Telematics Ltd (NYSE:MIXT) is one of them. Mix Telematics Ltd (NYSE:MIXT) is a software company. Year-to-date, Mix Telematics Ltd (NYSE:MIXT) stock lost 25.7% and on August 17th it had a closing price of $9.74. Bonsai Partners cared to mention Mix Telematics Ltd (NYSE:MIXT) in its investor letter, though they didn’t say why they really like the stock. All they said is this:
“MiX Telematics is a provider of telematics solutions for transportation fleets.
MiX Telematics shares were flat during the quarter.
MiX was a previously unannounced small position in our portfolio last quarter. While their solutions are logical for businesses looking to reduce driver caused accidents and save on fleet fuel costs, an observed increase in competitive threats from highly capitalized/aggressive “start-ups,” as well as a dramatic decline in oil prices made the original investment thesis less powerful. This explains why the position remains reasonably small in our portfolio. I continue to monitor the position and its potential.”
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In Q1 2020, the number of bullish hedge fund positions on Mix Telematics Ltd (NYSE:MIXT) stock decreased by about 25% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Mix Telematics’ growth potential. Our calculations showed that Mix Telematics Ltd (NYSE:MIXT) 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
At Insider Monkey we scour multiple sources to uncover the next great investment idea. Cannabis stocks are roaring back in 2020, so we are checking out this under-the-radar stock. We go through lists like the 10 most profitable companies in America 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. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
