Greystone Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. Greystone is a privately held investment company. The investment firm seeks to simplify and add value by identifying opportunities in good and bad markets. During the third quarter of 2020, returns for separate accounts managed by Greystone Capital ranged from +10.4% to +22.4%. The median account return was +15.8%. You should check out Greystone Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the said letter, Greystone Capital highlighted a few stocks and Crawford United Corp (NYSE:CRAWA) is one of them. Crawford United Corp (NYSE:CRAWA) is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, education, transportation, and petrochemical. Year-to-date, Crawford United Corp (NYSE:CRAWA) stock lost 19.2% and on November 6th it had a closing price of $15.95. Here is what Greystone Capital said:
“During the quarter, we sold out of our position in Crawford United for a small gain shortly after talking up the merits of the investment and the management team in our prior letter. Our reason for the sale was two-fold. One, similar to our in-and-out investment in MiX Telematics, I did not want to have exposure to a business where one of their largest segments is cyclical and was hit hard during the coronavirus pandemic. The second reason was opportunity cost. I believe there are better ways to allocate the capital into businesses that offer higher upside and more favorable risk/reward situations. It’s possible that I’m being short sighted but I believe it was the correct decision to make. I will look forward to following the business and revisiting owning shares at a lower price should the opportunity present itself.”
Our calculations showed that Crawford United Corp (NYSE:CRAWA) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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