Baron Opportunity Fund recently published its second-quarter commentary – a copy of which can be downloaded here. During the second quarter of 2021, the Baron Opportunity Fund returned 10.14% (institutional shares). In comparison, the benchmark S&P 500 Index was up 8.55%, while the Russell 3000 Growth Index was up 11.38%. You should check out Baron’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 Tripadvisor Inc. (NASDAQ:TRIP) is one of them. Tripadvisor Inc. (NASDAQ:TRIP) is an online travel company. In the last three months, Tripadvisor Inc. (NASDAQ:TRIP) stock lost 21%. Here is what the fund said:
“Tripadvisor, Inc. is an online travel company where users can browse reviews and plan trips. Shares fell on concerns that new COVID-19 variants would delay the recovery of the travel industry. In addition, investors appeared concerned that Tripadvisor’s new Tripadvisor Plus subscription offering, which launched in June, would face competitive pressures. We do not believe traditional loyalty programs will be materially competitive with the upfront savings offered by Tripadvisor Plus. We also think Tripadvisor is well positioned to benefit from pent-up consumer demand for travel.”
Baron Fund has been a long time Tripadvisor Inc. (NASDAQ:TRIP) bull. In April 2021, we shared Baron Fund TRIP’s thesis in this article.
In Q1 2021, the number of bullish hedge fund positions on Tripadvisor Inc. (NASDAQ:TRIP) stock increased by about 10% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in TRIP’s growth potential. Our calculations showed that Tripadvisor Inc. (NASDAQ:TRIP) 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.
