Saturna Capital Corporation, an investment management firm, published its fourth-quarter 2020 ‘Amana Mutual Funds Trust’ Investor Letter – a copy of which can be downloaded here. In the past year, a return of 13.95% was recorded by Amana Income Fund, 32.86% by Amana Growth Fund, 21.26% by Amana Developing World Fund, and 5.35% by Amana Participation Fund. You can view each fund’s top 5 holdings to have a peek at their top bets for 2021.
Saturna Capital Corporation, in their Q4 2020 investor letter, mentioned Baidu, Inc. (NASDAQ: BIDU) and emphasized their views on the company. Baidu, Inc. is a China-based internet, artificial intelligence, and EV company. It currently has an $88.96 billion market capitalization. Since the beginning of the year, BIDU delivered a 22.22% return, impressively extending its 12-month gains to 144.14%. As of March 9, 2021, the stock closed at $264.28 per share.
Here is what Saturna Capital Corporation has to say about Baidu, Inc. in their Q4 2020 investor letter:
“In the fourth quarter, Baidu produced the strongest returns. Baidu’s strong quarterly performance is a testament to the premium (some might call it a bubble) markets are placing on electric vehicle and renewable energy companies. Until mid-December, Baidu’s stock remained range-bound and only changed when it was reported the company had plans to enter the electric vehicle market. While we see a bright future for electric vehicles and renewable energy, we remain committed to our investment process that focuses on business fundamentals over market frenzy.”
Our calculations show that Baidu, Inc. (NASDAQ: BIDU) 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, Baidu, Inc. was in 51 hedge fund portfolios, compared to 43 funds in the third quarter. BIDU delivered a decent 74.34% 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.
