Nelson Capital Management, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. In the letter, the fund discussed their interpretation of the economy’s reopening drives, their asset transactions, tax updates, featured equity, and a special topic about the life after the pandemic. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in its Q1 2021 investor letter, mentioned Comcast Corporation (NASDAQ: CMCSA), and shared their insights on the company. Comcast Corporation is a Philadelphia, Pennsylvania-based telecommunications company that currently has a $266.9 billion market capitalization. Since the beginning of the year, CMCSA delivered a 10.90% return, extending its 12-month gains to 59.05%. As of May 07, 2021, the stock closed at $58.11 per share.
Here is what Harding Loevner has to say about Comcast Corporation in its Q1 2021 investor letter:
“Comcast is the Largest cable provider in t he U.S. and is the dominant internet access provider in the markets it serves. Though Comcast will likely see further declines in cable subscriptions due to ongoing cord-cutting, it should be able to off set that lost revenue by growing internet access customers and instituting higher pricing. The pandemic has increased the importance of a fast internet connection, with more content streaming to homes at increasingly higher quality. Comcast made significant upgrades early on, allowing it to quickly deploy new technology and increase speeds to meet t he evolving needs of its customers.”
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Our calculations show that Comcast Corporation (NASDAQ: CMCSA) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Comcast Corporation was in 84 hedge fund portfolios compared to 82 funds in the third quarter. CMCSA delivered a 13.70% return in the past 3 months.
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.
