Polen Capital Management recently released its Q1 2021 Investor Letter, a copy of which you can download here. During the first quarter of 2021, the Polen Global Emerging Markets Growth Composite Portfolio returned 0.17% gross of fees, while the MSCI Emerging Markets Index was up 2.29%. You should check out Polen Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Yandex N.V. (NASDAQ:YNDX) is one of them. Yandex N.V. (NASDAQ:YNDX) is an internet company. In the last three months, Yandex N.V. (NASDAQ:YNDX) stock gained 3%. Here is what the fund said:
“Yandex is the leading internet search platform in Russia and was the top detractor from both absolute and relative performance this quarter. This underperformance came about despite solid results in 2020 which showed Yandex’s total e-commerce gross merchandise value grew three-fold in 2020 to over ₽56 billion RUB. Specifically, in the fourth quarter of 2020, Yandex saw year-onyear growth of 127%.
In our view, Yandex is one of the highest quality businesses in our investment universe. It has built a defensible competitive moat around its core search business, reinvesting its cash flows in new growth areas to remain relevant in a fast-changing global internet landscape.
With solid execution, Yandex has the potential to transform into an ecosystem which the company’s Chief Technology Officer describes as the “Silicon Valley of Russia.” Yandex remains a topfive holding in the Portfolio.”
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In Q4 2020, the number of bullish hedge fund positions on Yandex N.V. (NASDAQ:YNDX) stock increased by about 3% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in YNDX’s growth potential. Our calculations showed that Yandex N.V. (NASDAQ:YNDX) 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.
