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 Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN), and shared their insights on the company. Biohaven Pharmaceutical Holding Company Ltd. is a New Haven, Connecticut-based clinical-stage biopharmaceutical company that currently has a $4.8 billion market capitalization. Since the beginning of the year, BHVN delivered a -12.15% return, extending its 12-month gains to 66.50%. As of April 29, 2021, the stock closed at $76.14 per share.
Here is what Baron Health Care Fund has to say about Biohaven Pharmaceutical Holding Company Ltd. in their Q1 2021 investor letter:
“Biohaven Pharmaceutical Holding Company Ltd. is a biotechnology company dedicated to neurologic drug discovery. It launched its lead asset, migraine medication Nurtec, last year, and the company is transitioning towards profitability. Shares declined when Biohaven issued a secondary offering in March that took investors by surprise and seemed early in relation to an expected second indication for Nurtec in the prophylactic prevention of migraine, which expands its market. We exited our position.”
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Our calculations show that Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN) 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, Biohaven Pharmaceutical Holding Company Ltd. was in 39 hedge fund portfolios, compared to 33 funds in the third quarter. BHVN delivered a -11.95% 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.
