Baron Growth Fund recently published its fourth-quarter commentary – a copy of which can be downloaded here. During the fourth quarter of 2020, the Baron Growth Fund returned 21.1% (institutional shares). In comparison, the benchmark S&P 500 Index was up 12.15%, while the Russell 2000 Growth Index was up 29.61%. You should check out Baron Growth Fund’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 American Well Corp (NYSE:AMWL) is one of them. American Well Corp (NYSE:AMWL) is a healthcare company. In the last three months, American Well Corp (NYSE:AMWL) stock lost 23.5% and on March 16th it had a closing price of $22.02. Here is what the fund said:
“Shares of American Well Corporation, one of the U.S.’s largest telehealth companies for health systems, health plans, employers, and doctors, gave back some of its post-September IPO gains. Financial results exceeded consensus estimates but included some pull forward from the fourth quarter and benefited from nonrecurring service revenues. Full-year 2020 guidance exceeded Street estimates but implied top-line and margin deceleration, which we believe will end up being conservative given the lack of assumed increase in pandemic-driven volumes.”
In December 2020, we published an article revealing Baron Growth Fund’s bullish investment thesis on American Well Corp (NYSE:AMWL) stock.
Our calculations showed that American Well Corp (NYSE:AMWL) 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.
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.
