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 Msci Inc. (NYSE:MSCI) is one of them. Msci Inc. (NYSE:MSCI) is a finance company. In the last three months, Msci Inc. (NYSE:MSCI) stock lost 1% and on March 15th it had a closing price of $419.55. Here is what the fund said:
“Shares of MSCI, Inc., a leading provider of investment decision support tools, contributed to performance. The company reported solid third quarter earnings despite the challenging COVID-19 backdrop, and management is continuing to proactively manage its cost base. MSCI’s asset-based fee revenue has also positively contributed due to strong underlying market conditions and inflows. We retain long-term conviction as the company owns strong, “all weather” franchises and remains well positioned to benefit from multiple prominent tailwinds in the investment community.”
In Q3 2020, the number of bullish hedge fund positions on Msci Inc. (NYSE:MSCI) stock increased by about 7% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in MSCI’s growth potential. Our calculations showed that Msci Inc. (NYSE:MSCI) 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.
