Baron Asset Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Asset Fund returned -1.03% (institutional shares). In comparison, the benchmark S&P 500 Index was up 6.17%, while the Russell Midcap Growth Index was down 0.57%. You should check out Baron Asset 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 Bio-Techne Corp (NASDAQ:TECH) is one of them. Bio-Techne Corp (NASDAQ:TECH) is a biotechnology company. In the last three months, Bio-Techne Corp (NASDAQ:TECH) stock gained 20.4% and on April 21st it had a closing price of $423.84. Here is what the fund said:
“Bio-Techne Corporation is a leading developer and manufacturer of highquality purified proteins and life sciences tools, which it sells primarily to biomedical researchers and clinical research laboratories. The stock performed well after the company reported a 19% acceleration in organic growth during its fourth quarter, driven by strength across all areas of its business including a small contribution from COVID-19-related products. We continue to believe Bio-Techne has a solid long-term outlook with multiple growth drivers.”
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Baron Asset Fund has been a long time Bio-Techne Corp (NASDAQ:TECH) bull. In December 2020, we shared Baron Asset Fund’s bullish TECH’s thesis in this article.
In Q3 2020, the number of bullish hedge fund positions on Bio-Techne Corp (NASDAQ:TECH) stock increased by about 11% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in TECH’s growth potential. Our calculations showed that Bio-Techne Corp (NASDAQ:TECH) 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.
