If you are looking for the best ideas for your portfolio you may want to consider some of Greenhaven Road Capital‘s top stock picks. Greenhaven Road Capital, an investment management firm, is bullish on SharpSpring Inc. (NASDAQ:SHSP) stock. In its Q3 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on SharpSpring Inc. (NASDAQ:SHSP) stock. SharpSpring Inc. (NASDAQ:SHSP) is a software company.
On October 13, 2019, Greenhaven Road Capital had released its Q3 2019 investor letter. SharpSpring Inc. (NASDAQ:SHSP) was one of the Top 5 holdings of Greenhaven in Q3 2019. The stock has posted a return of 71% in the trailing one year period, outperforming the S&P 500 Index which returned 15% in the same period. This suggests that the investment firm was right in its decision.
In July, we published an article revealing Greenhaven’s bullish investment thesis on SharpSpring Inc. (NASDAQ:SHSP) stock in its Q2 2020 investor letter. This suggests that the investment firm has been bullish for a long time on SharpSpring Inc. (NASDAQ:SHSP).
Greenhaven’s fund posted a return of less than 1% in the third quarter of 2019, underperforming the S&P 500 Index which returned 1.7% in the same quarter. Let’s take a look at comments made by Greenhaven Road Capital about SharpSpring Inc. (NASDAQ:SHSP) in the Q3 2019 investor letter.
“SharpSpring (SHSP) – Over the course of the quarter, I was voted onto the board for SharpSpring (SHSP) and attended my first meeting. The rationale for joining the board was discussed in our Q2 letter. As an “insider,” I will refrain from discussing the company in detail in the letters going forward. I can say that I was impressed with the breadth and depth of data that management is using in their decision making. As a member of the Board, there will be strict windows when the fund can buy and sell stock, thus there will be times where we buy or sell just to maintain our position size/portfolio weighting. It may be as simple as money came into or left the fund and I am adjusting accordingly. I do not intend to discuss these purchases or sales, but would encourage observers to not read too much into them positively or negatively.”
Production Perig/Shutterstock.com
In Q1 2020, the number of bullish hedge fund positions on SharpSpring Inc. (NASDAQ:SHSP) stock decreased by about 29% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in SharpSpring’s growth potential. Our calculations showed that SharpSpring Inc. (NASDAQ:SHSP) 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
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.
