Wasatch Micro Cap Fund recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 3.11% for the quarter, underperforming its benchmark, the Russell Microcap Index which returned 4.14% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Kornit Digital Ltd. (NASDAQ:KRNT) is one of them. Kornit Digital Ltd. (NASDAQ:KRNT) offers digital printing solutions for the printed textile industry. In the last three months, Kornit Digital Ltd. (NASDAQ:KRNT) stock gained 28%. Here is what the fund said:
“Kornit Digital Ltd. (KRNT) was also a top contributor. The company produces digital-printing equipment for the apparel industry. Kornit has been benefiting as supply-chain disruptions tied to the coronavirus pandemic hasten the shift to e-commerce and on-demand production solutions. Driven by the sustainability of Kornit’s eco-friendly technology, the company’s global initiatives have added an expanding number of high-profile customers to its rapidly growing installed base.”
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In August, we published an article revealing that Kornit Digital Ltd. (NASDAQ:KRNT) was one of the 10 stocks that released solid quarterly earnings.
In Q1 2021, the number of bullish hedge fund positions on Kornit Digital Ltd. (NASDAQ:KRNT) stock increased by about 60% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in KRNT’s growth potential. Our calculations showed that Kornit Digital Ltd. (NASDAQ:KRNT) 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.
