Tao Value recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 26.43% for the quarter, outperforming its benchmark, the MSCI All Country World Index (ACWI) which returned 14.4% in the same quarter. You should check out Tao Value’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, Tao Value highlighted a few stocks and Sea Ltd (NYSE:SE) is one of them. Sea Ltd (NYSE:SE) is an internet company. In the last three months, Sea Ltd (NYSE:SE) stock gained 43.3% and on January 22nd it had a closing price of $236.49. Here is what Tao Value said:
“Sea Ltd. (ticker: SE) had a beat & raise quarter across segments. E-commerce saw GMV acceleration and better monetization. Gaming saw higher than expected active users’ growth. Last but least, the digital finance services arm (SeaMoney) saw strong adoption. In October, more than 30% of Shopee’s total gross order across markets combined were paid using the mobile wallets. I believe the SeaMoney will be a very important value driver in mid-term future.”
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In December 2020, we published an article revealing that Sea Ltd (NYSE:SE) was one of the 5 best stocks to buy for 2021 according to billionaire Stanley Druckenmiller.
In Q3 2020, the number of bullish hedge fund positions on Sea Ltd (NYSE:SE) stock increased by about 16% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Sea’s growth potential. Our calculations showed that Sea Ltd (NYSE:SE) is ranked #20 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
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 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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.
