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 CDW Corp (NASDAQ:CDW) is one of them. CDW Corp (NASDAQ:CDW) is a provider of technology products and services for business, government and education. In the last three months, CDW Corp (NASDAQ:CDW) stock gained 34.7% and on April 23rd it had a closing price of $182.61. Here is what the fund said:
“Shares of CDW Corporation, a value-added reseller that provides integrated information technology solutions, contributed to performance. The company reported strong fourth quarter earnings and issued 2021 guidance ahead of investor expectations. As the economy continues its postpandemic recovery, we believe CDW will be in a strong competitive position that will allow it to compound earnings at a low double-digit rate. Technology is becoming an ever more critical and complex area of investment for businesses worldwide, and we believe CDW is well positioned to benefit from this trend.”
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Earlier this month, we published an article revealing that Wedgewood Partners is also bullish on CDW Corp (NASDAQ:CDW) stock.
In Q4 2020, the number of bullish hedge fund positions on CDW Corp (NASDAQ:CDW) stock increased by about 43% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in CDW’s growth potential. Our calculations showed that CDW Corp (NASDAQ:CDW) 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.
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 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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.
