Baron Discovery Fund recently published its fourth-quarter commentary – a copy of which can be downloaded here. During the fourth quarter of 2020, the Baron Discovery Fund returned 25.54% (institutional shares). This was 4.07% lower than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, Baron Discovery Fund highlighted a few stocks and Pacific Biosciences Of California Inc. (NASDAQ:PACB) is one of them. Pacific Biosciences Of California Inc. (NASDAQ:PACB) is a biotechnology company. In the last three months, Pacific Biosciences Of California Inc. (NASDAQ:PACB) stock gained 182% and on February 1st it had a closing price of $34.18. Here is what Baron Discovery Fund said:
“Pacific Biosciences of California, Inc. offers a differentiated long-read DNA sequencing platform for genetic analysis. Shares performed exceedingly well in the quarter, up about 162%. We believe there is increasing excitement about the potential for its platform as it lowers sequencing costs and has the potential to move beyond its current commercial niche. The recently appointed CEO, Christian Henry, had previously served as CFO and Chief Commercial Officer at Illumina, and we think he is well qualified to commercially execute on Pacific Biosciences’ differentiated long-read platform.”
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Baron Discovery Fund has been a long time Pacific Biosciences Of California Inc. (NASDAQ:PACB) bull. In December 2020, we shared Baron Discovery Fund’s bullish PACB’s thesis in this article.
In Q2 2020, the number of bullish hedge fund positions on Pacific Biosciences Of California Inc. (NASDAQ:PACB) stock increased by about 22% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in PACB’s growth potential. Our calculations showed that Pacific Biosciences Of California Inc. (NASDAQ:PACB) 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.
