Baron Discovery Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Discovery Fund returned 7.5% (institutional shares). This was 2.59% higher than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Acutus Medical Inc. (NASDAQ:AFIB) is one of them. Acutus Medical Inc. (NASDAQ:AFIB) develops and produces medical products. In the last three months, Acutus Medical Inc. (NASDAQ:AFIB) stock lost 50.0% and on May 10th it had a closing price of $11.65. Here is what the fund said:
“Acutus Medical, Inc. offers a 3D imaging platform that maps the internal electrical pulses of the heart. Acutus’ proprietary non-contact technology can create these maps far faster than any of its competitors, enabling more accurate catheter-based ablation to treat arrhythmia. Shares pulled back in the quarter after Acutus missed consensus growth expectations. The company is in the very early stages of commercialization and the launch is progressing slower than analysts’ forecasts. Nevertheless, we believe the company has a differentiated mapping solution that has significant potential to disrupt the ablation market over the long term. We are maintaining our investment and expect significant and accelerating growth over the next few years.”
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Baron Discovery Fund has been a long time Acutus Medical Inc. (NASDAQ:AFIB) bull. In December 2020, we shared Baron Discovery Fund’s bullish AFIB’s thesis in this article.
Our calculations showed that Acutus Medical Inc. (NASDAQ:AFIB) isn’t ranked among the 30 most popular stocks among hedge funds.
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.
