Cooper Investors, an investment management firm, published its “Cooper Investors Global Equities Fund (Hedged)” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +3% was delivered by the fund for the Q1 of 2021, ahead of the benchmark, on a 1 year and less timeframe it is behind. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Cooper Investors Global Equities Fund (Hedged), in their Q1 2021 investor letter, mentioned CME Group Inc. (NASDAQ: CME) and shared their insights on the firm. CME Group Inc. is a Chicago, Illinois-based derivatives marketplace that currently has a $74.3 billion market capitalization. Since the beginning of the year, CME delivered a 13.88% return, while its 12-month gains are up by 10.42%. As of April 23, 2021, the stock closed at $207.31 per share.
Here is what Cooper Investors Global Equities Fund (Hedged) has to say about CME Group Inc. in their Q1 2021 investor letter:
“CME has been owned by the portfolio for five years. CME’s strategic positioning as a monopolistic global financial exchange operator will continue to afford the business a highly attractive margin profile. CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position.”
Copyright: rawpixel / 123RF Stock Photo
Our calculations show that CME Group Inc. (NASDAQ: CME) 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, CME Group Inc. was in 58 hedge fund portfolios, compared to 59 funds in the third quarter. CME delivered a 12.44% 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.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
