Argosy Investors recently released its Q4 2020 Investor Letter, a copy of which you can download here. Full-year 2020 performance was 29.8% in select accounts. The S&P 500 by comparison returned 18.4%. You should check out Argosy Investors’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Argosy Investors’ highlighted a few stocks and RealPage Inc. (NASDAQ:RP) is one of them. RealPage Inc. (NASDAQ:RP) is a software company. In the last three months, RealPage Inc. (NASDAQ:RP) stock gained 46.2% and on January 15th it had a closing price of $87.03. Here is what Argosy Investors’ said:
“During the quarter, technology-focused private equity firm Thoma Bravo announced an acquisition of RealPage (RP), a rental property management software provider. The purchase price represents a 40% gain for us in roughly a six-month holding period, which we should be happy about, right? Again, we want to hold companies for the long-term. Rental property management software was something I felt I understood. I am familiar with the needs of the customer reasonably well given my dalliances with rental real estate. Would you rather earn a 40% gain in <1 year or 10-15% gains for the next decade? We tend to prefer the latter (and hope we will be patient enough to hold on that long). Saying goodbye to RealPage is somewhat bittersweet for us.”
Pixabay/Public Domain
Earlier this month we published an article revealing that Artisan Global Discovery Fund exited its position in RealPage Inc. (NASDAQ:RP) stock after CFO’s resignation.
In Q3 2020, the number of bullish hedge fund positions on RealPage Inc. (NASDAQ:RP) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that RealPage Inc. (NASDAQ:RP) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
