Miller Value Partners, an investment management firm, published its ‘Opportunity Equity’ fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 35.4% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.15% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Miller Value Partners, in their Q4 2020 Investor Letter, said Netflix, Inc. (NASDAQ: NFLX) was added in their portfolio in the fourth quarter of 2020. Netflix, Inc. is a premier content platform and production company that currently has a $246.4 billion market cap. For the past 3 months, NFLX delivered a 15.26% return and settled at $556.52 per share at the closing of February 12th.
Here is what Miller Value Partners has to say about Netflix, Inc. in their Q4 2020 investor letter:
“Lastly, we added a small position to Netflix after the disappointment following 3Q results. Overall, it’s getting more difficult to find investment opportunities in the very high growth areas that meet our standards for attractive value. On the other hand, we continue to find opportunities in more value-oriented areas of the market. We would expect the portfolio to migrate in this direction.”
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Just recently, we published an article about Blue Hawk Investment Goup’s Netflix, Inc. (NASDAQ: NFLX) investment thesis. According to our recent data, NFLX was in 230 hedge fund portfolios, its all time high statistics. NFLX delivered a decent 46.30% return in the past 12 months.
Our calculations show that Netflix, Inc. (NASDAQ: NFLX) ranks 18th in our list of 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.
