White Brook Capital, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 25.42% was delivered by the fund for the Q1 of 2021, ahead of its S&P 500 and S&P Midcap 400 benchmarks that delivered a 6.2% and 13.47% 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.
White Brook Capital, in their Q1 2021 investor letter, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK), and shared their insights on the company. Broadmark Realty Capital Inc. is a Seattle, Washington-based consumer financing services provider that currently has a $1.4 billion market capitalization. Since the beginning of the year, BRMK delivered a 6.57% return, extending its 12-month gains to 33.87%. As of April 27, 2021, the stock closed at $10.87 per share.
Here is what White Brook Capital has to say about Broadmark Realty Capital Inc. in their Q1 2021 investor letter:
“Broadmark Realty, Inc (BRMK), was sold because of competition for capital from new positions and other investments in the portfolio. The company will continue to do fine, but better short and long-term investment opportunities were available.”
Our calculations show that Broadmark Realty Capital Inc. (NYSE: BRMK) 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, Broadmark Realty Capital Inc. was in 10 hedge fund portfolios, compared to 11 funds in the third quarter. BRMK delivered a 4.32% 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.
