Baron Funds, an asset management firm, published its “Baron Health Care Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 0.58% was delivered by the fund’s institutional shares for the Q1 of 2021, below both its S&P 500 and Russell 3000 Health Care benchmarks that delivered a 6.17% and 2.14% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Baron Health Care Fund, in their Q1 2021 investor letter, mentioned Cryoport, Inc. (NASDAQ: CYRX), and shared their insights on the company. Cryoport, Inc. is a Brentwood, Tennessee-based cold chain logistics solutions provider that currently has a $2.5 billion market capitalization. Since the beginning of the year, CYRX delivered a 27.48% return, extending its 12-month gains to 210.43%. As of April 29, 2021, the stock closed at $55.94 per share.
Here is what Baron Health Care Fund has to say about Cryoport, Inc. in their Q1 2021 investor letter:
“CryoPort, Inc. provides cryogenic shipping solutions, or transport at extremely low temperatures below 150 degrees Celsius, to preserve high value biological samples like cell and gene therapies. Shares performed well for the quarter after the company closed a public offering to bolster its balance sheet. We see significant upside just from the current pipeline of trials already being supported, with a continued inflection in growth as more products flow through this pipeline into commercial shipments.”
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Our calculations show that Cryoport, Inc. (NASDAQ: CYRX) 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, Cryoport, Inc. was in 21 hedge fund portfolios, compared to 19 funds in the third quarter. CYRX delivered a -17.98% 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.
