Brown Capital Management Mid Company Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 16.55% (inst. class) for the quarter, underperforming its benchmark, the Russell Midcap Growth Index which returned 19.02% in the same quarter. You should check out Brown Capital Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, the fund highlighted a few stocks and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is one of them. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a cruise operator. In the last three months, Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) stock gained 41.9% and on March 2nd it had a closing price of $31.18. Here is what the fund said:
“Norwegian Cruise Line Holdings (NCLH) is a diversified operator of leading global cruise lines spanning market segments from contemporary to luxury under the Norwegian Cruise Line, Oceanic Cruises and Regent Seven Seas Cruises brands. These brands operate a combined 28 ships. Norwegian was eliminated from the portfolio, as we no longer believe it meets our definition of an Exceptional Growth Company, as discussed in our first quarter letter. There are still many unknowns as to when we will see a fully normalized operating environment with a high degree of confidence.”
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Last month, we published an article revealing that Miller Value Partners is bullish on Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH).
In Q3 2020, the number of bullish hedge fund positions on Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) stock increased by about 7% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in NCLH’s growth potential. Our calculations showed that Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) 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.
