If you are looking for the best ideas for your portfolio you may want to consider some of Upslope Capital Management’s top stock picks. Upslope Capital Management, an investment management firm, is bearish on Molson Coors Beverage Co (NYSE:TAP) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Molson Coors Beverage Co (NYSE:TAP) stock. Molson Coors Beverage Co (NYSE:TAP) is a multinational brewing company.
On July 15, 2019, Upslope Capital Management had released its Q2 2019 investor letter. Molson Coors Beverage Co (NYSE:TAP) stock has posted a return of -40.8% in the trailing one year period, underperforming the S&P 500 Index which returned 13.4% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Molson Coors Beverage Co (NYSE:TAP) stock has fallen by 37.7%.
In Q2 2019 investor letter, Upslope Capital Management said the fund posted a return of 7.8% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Upslope Capital Management about Molson Coors Beverage Co (NYSE:TAP) stock in the Q2 2019 investor letter.
“Exited Long – Molson Coors (TAP): Performance at Molson Coors continues to be lackluster and the stock remains (very) cheap. This might be an okay scenario to sit on for the long-run – but, there seem to be better uses of capital.”
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In Q2 2020, the number of bullish hedge fund positions on Molson Coors Beverage Co (NYSE:TAP) stock increased by about 6% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with TAP’s downside potential. Our calculations showed that Molson Coors Beverage Co (NYSE:TAP) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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.
