Madison Funds, an investment management firm, published its “Madison Small Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. The Madison Small Cap Fund Class Y (at NAV) outperformed the Russell 2000 Index by 103 basis points (bps) and by 280 bps compared to the Russell 2500 Index for the Q1 of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Madison Small Cap Fund, in their Q1 2021 investor letter, mentioned The Hain Celestial Group, Inc. (NASDAQ: HAIN), and shared their insights on the company. The Hain Celestial Group, Inc. is a Lake Success, New York-based food company that currently has a $4.09 billion market capitalization. Since the beginning of the year, HAIN delivered a 2.09% return, extending its 12-month gains to 58.63%. As of April 28, 2021, the stock closed at $40.99 per share.
Here is what Madison Investors Funds has to say about The Hain Celestial Group, Inc. in their Q1 2021 investor letter:
“Year-to-date, our Consumer Staples stocks delivered outstanding performance in 2021; however, in investors’ rush to reposition, the sector lagged the overall index. Our largest position, the Hain Celestial Group Inc (HAIN), saliently illustrates this. Although a top performer last year, the shares lagged this quarter. Fundamentals continue to be strong for HAIN, and if we’re right about the company’s turnaround efforts and margin opportunity, the stock has significant upside. We believe our staples names are more than just defensive companies but have significant opportunity to grow through the cycle.”
Copyright: stocking / 123RF Stock Photo
Our calculations show that The Hain Celestial Group, Inc. (NASDAQ: HAIN) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, The Hain Celestial Group, Inc. was in 23 hedge fund portfolios, compared to 21 funds in the third quarter. HAIN delivered a -2.54% return in the past 3 months.
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.
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 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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.
