Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Carillon Eagle Small Cap Growth Fund, in their Q1 2021 investor letter, mentioned Ritchie Bros. Auctioneers Incorporated (NYSE: RBA), and shared their insights on the company. Ritchie Bros. Auctioneers Incorporated is a Burnaby, Canada-based auction company that currently has a $6.8 billion market capitalization. Since the beginning of the year, RBA delivered a -8.66% return, while its 12-month gains are up by 51.41%. As of May 04, 2021, the stock closed at $62.41 per share.
Here is what Carillon Eagle Small Cap Growth Fund has to say about Ritchie Bros. Auctioneers Incorporated in their Q1 2021 investor letter:
“Ritchie Bros. Auctioneers had an impressive 2020 and experienced significant market share gains after successfully shifting to an omni-channel strategy centered around online auctions. However, the firm saw shares suffer a bit in the recent quarter. This is primarily a result of slightly depressed auction volumes caused by the wait-and-see approach many customers have adopted as they hold on to equipment in the current rising price environment. Despite this, management remains focused on innovating and leveraging technology to drive long-term value, and we believe the company remains a compelling secular growth story.”
Our calculations show that Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Ritchie Bros. Auctioneers Incorporated was in 23 hedge fund portfolios, compared to 21 funds in the third quarter. RBA delivered a 6.67% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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