Summers Value Partners, an investment management firm, published its “Summers Value Fund LP” first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 17.5% was delivered by the fund for the Q1 of 2021, outperforming its e Russell 2000 benchmark that delivered a 12.9% return, but below the Russell Micro-Cap Index that had a 24.0% gain in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Summers Value Partners, in their Q1 2021 investor letter, mentioned Eagle Pharmaceuticals, Inc. (NASDAQ: EGRX) and shared their insights on the company. Eagle Pharmaceuticals, Inc. is a Woodcliff Lake, New Jersey-based biotechnology company that currently has a $578.2 million market capitalization. Since the beginning of the year, EGRX delivered a -6.06% return, while its 12-month return is also down by -13.07%. As of April 21, 2021, the stock closed at $43.75 per share.
Here is what Summers Value Partners has to say about Eagle Pharmaceuticals, Inc. in their Q1 2021 investor letter:
“We exited our position in Eagle Pharmaceuticals (EGRX) in the first quarter after a series of pipeline setbacks. Eagle was the Fund’s smallest position at year end 2020. We had owned the stock since our inception and ended up taking a small loss on the position. Other than our sale of Eagle, we did not make any changes in the first quarter and our trading activity was limited.”
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Our calculations show that Eagle Pharmaceuticals, Inc. (NASDAQ: EGRX) 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, Eagle Pharmaceuticals, Inc. was in 18 hedge fund portfolios, compared to 16 funds in the third quarter. EGRX delivered a -9.01% 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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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias
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Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.
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