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 Agilent Technologies, Inc. (NYSE: A) and emphasized their views on the company. Agilent Technologies, Inc. is a California-based analytical laboratory instrument manufacturing company. It currently has a $36.5 billion market capitalization. Since the beginning of the year, Agilent delivered a 1.14% return, extending its 12-month gains by 74.08%. As of March 9, 2021, the stock closed at $119.84 per share.
Here is what Saturna Capital Corporation has to say about Agilent Technologies, Inc. in their Q4 2020 investor letter:
“Agilent, the other non-Technology top performer, specializes in numerous medical technologies, including diagnostics and genomics, and was well-placed in the age of the coronavirus. We believe the demand for its products will continue and even accelerate as the pandemic winds down.”
Our calculations show that Agilent Technologies, Inc. (NYSE: A) 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, Agilent Technologies, Inc. was in 45 hedge fund portfolios, compared to 39 funds in the third quarter. Agilent delivered a 2.96% 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.
