Richie Capital Group, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of -12.3% was reported by the fund’s RCG Long Short Fund, -2.5% return by the fund’s RCG Long Only Fund, while its RCG Top 10 delivered a 0.59% gain for the Q1 of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Richie Capital Group, in their Q1 2021 investor letter, mentioned Viemed Healthcare, Inc. (NASDAQ: VMD) and shared their insights on the company. Viemed Healthcare, Inc. is an Chicago, Illinois-based home therapy equipment provider that currently has a $393.9 million market capitalization. Since the beginning of the year, VMD delivered a 28.61% return, extending its 12-month gains to 61.75%. As of April 13, 2021, the stock closed at $9.98 per share.
Here is what Richie Capital Group has to say about Viemed Healthcare, Inc. in their Q1 2021 investor letter:
“Our top performers for the quarter included Viemed Healthcare (VMD – up 22.7%) – The respiratory healthcare services company focused on addressing COPD moved back to the positive side of the ledger. Management reported a record breaking Q4 as the core business grew even as Covid hampered their competitors. VMD launched 9 new regions and added 9 new sales reps. They are also running a new program with the Department of Veterans Affairs. Management expects the company will return to 30-40% annual organic growth in 2021.”
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Our calculations show that Viemed Healthcare, Inc. (NASDAQ: VMD) 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, Viemed Healthcare, Inc. was in 12 hedge fund portfolios, compared to 14 funds in the third quarter. VMD delivered a 16.86% 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.
