Harding Loevner, an investment management firm, published its “International Equity” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A net return of 16.28% was recorded by the fund in the fourth quarter of 2020, trailing its MSCI All Country World Ex-US benchmark that delivered a 17.08% return but above its MSCI EAFE Index that had a gain of 16.09% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in their Q4 2020 investor letter, mentioned Baidu, Inc. (NASDAQ: BIDU) and shared their insights on the company. Baidu, Inc. is a Beijing, China-based internet technology company that currently has a $73.2 billion market capitalization. Since the beginning of the year, BIDU delivered a -2.58% return, impressively extending its 12-month gains to 122.72%. As of March 31, 2021, the stock closed at $217.55 per share.
Here is what Harding Loevner has to say about Baidu, Inc. in their Q4 2020 investor letter:
“We parted ways with several companies that failed to attain our predetermined mileposts for success: Chinese search engine Baidu. Baidu, sold in despair in late April over its declining growth prospects and competitor incursions, has since trounced the ACWI Communications Services Index.”
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Our calculations show that Baidu, Inc. (NASDAQ: BIDU) ranks 7th in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Baidu, Inc. was in 156 hedge fund portfolios, compared to 166 funds in the third quarter. BIDU delivered a -0.95% 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.
