Brown Advisory recently released its Q2 2020 Investor Letter, a copy of which you can download here. The Flexible Equity Fund posted a return of 25.16% for the quarter, outperforming its benchmark, the S&P 500 Index which returned 20.53% in the same quarter. You should check out Brown Advisory’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, Brown Advisory spoke about Cimarex Energy Co (NYSE:XEC) and Suncor Energy Inc (NYSE:SU) stocks. Both are Energy companies. Year-to-date, Cimarex Energy Co (NYSE:XEC) stock lost 50.9% and on July 21st it had a closing price of $27.25. Year-to-date, Suncor Energy Inc (NYSE:SU) stock lost 46.0% and on July 21st it had a closing price of $18.18. Here is what Brown Advisory said:
“We eliminated our small holding in Cimarex Energy in favor of consolidating our oil-related investments by adding to existing holding Suncor Energy, which we believe is a stronger company to own with oil prices at a historic low.”
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In Q1 2020, the number of bullish hedge fund positions on Cimarex Energy Co (NYSE:XEC) stock increased by about 6% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Cimarex’s downside potential.
In Q1 2020, the number of bullish hedge fund positions on Suncor Energy Inc (NYSE:SU) stock decreased by about 23% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Suncor’s growth potential.
Our calculations showed that Cimarex Energy Co (NYSE:XEC) and Suncor Energy Inc (NYSE:SU) aren’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. For example, legal marijuana is one of the fastest growing industries right now, so we are checking out stock pitches like “the Starbucks of cannabis” to identify the next tenbagger. 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. Hedge fund sentiment towards Tesla reached its all time high at the end of 2019 and Tesla shares more than tripled this year. We are trying to identify other EV revolution winners, so if you have any good ideas send us an email. 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.
