Cedar Creek Partners LLC, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 13.7% was recorded by the fund for the Q4 of 2020, outperforming the S&P 500 index that had a 12.2% gain, but below its Russell 2000 benchmark that delivered a 31.4% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
In their Q4 2020 investor letter, Cedar Creek Partners mentioned HC2 Holdings, Inc. (NYSE: HCHC) and shared their insights on the company. HC2 Holdings, Inc. is a US-based telecommunications company that currently has a $307.01 million market capitalization. Since the beginning of the year, HCHC delivered a 22.70% return, impressively extending its 12-month gains to 194.57%. As of April 01, 2021, the stock closed at $4.00 per share.
Here is what Cedar Creek Partners has to say about HC2 Holdings, Inc. in their Q4 2020 investor letter:
“We also closed out our position in HC2 Holdings (HCHC). We earned a nice gain, but in hindsight we should have waited until after the rights offering to sell. While we know we can never perfectly time bottoms or tops and don’t try, we should have done better on that one.”
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Our calculations show that HC2 Holdings, Inc. (NYSE: HCHC) 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, HC2 Holdings, Inc. was in 11 hedge fund portfolios. HCHC delivered a 22.70% 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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Disclosure: None. This article is originally published at Insider Monkey.
