Baron Partners Fund recently published its third-quarter commentary – a copy of which can be downloaded here. During the third quarter of 2020, the Baron Partners Fund returned 47.15% (institutional shares). In comparison, the benchmark S&P 500 Index was up 8.93%, while the Russell Midcap Growth Index was up 9.37%. You should check out Baron Partners Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Baron Partners Fund highlighted a few stocks and Manchester United Plc (NYSE:MANU) is one of them. Manchester United Plc (NYSE:MANU) is a sports teams and clubs company. Year-to-date, Manchester United Plc (NYSE:MANU) stock lost 17.7% and on December 4th it had a closing price of $16.41. Here is what Baron Partners Fund said:
“Manchester United plc is the best-known team in the English Premier League and generates revenue from broadcasting, sponsorship, and licensing. Shares fell on pandemic-related uncertainty around live sports. That said, the English Premier League resumed matches in mid-June, which we believe provides investors with greater visibility around the financial outlook in a no-fans scenario. We continue to view Manchester United as a unique media company. Its 1.1 billion fans worldwide and broad global appeal should allow it to continue to accrete value over the long term.”
In Q1 2020, the number of bullish hedge fund positions on Manchester United Plc (NYSE:MANU) stock decreased by about 20% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in Manchester United’s growth potential. Our calculations showed that Manchester United Plc (NYSE:MANU) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
