Wasatch Core Growth Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 6.61% for the quarter, outperforming its benchmark, the Russell 2000 Index which returned 4.93% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Wasatch highlighted a few stocks and Cohen & Steers Inc. (NYSE:CNS) is one of them. Cohen & Steers Inc. (NYSE:CNS) operates as a global investment manager. Year-to-date, Cohen & Steers Inc. (NYSE:CNS) stock gained 17.7% and on December 23rd it had a closing price of $73.85. Here is what Wasatch said:
“Global investment manager Cohen & Steers, Inc. (CNS) was down for the quarter too. The company manages portfolios focused on realestate assets, as well as preferred securities and other financial products. Cohen & Steers recently reported a decrease in revenue largely related to the coronavirus pandemic. The report wasn’t exclusively negative, however, as it also showed a decrease in expenses and an increase in operating margin. Over the long term, we still believe the company has strong growth potential.”
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Earlier this month, we published an article revealing that Baron Growth Fund is bullish on Cohen & Steers Inc. (NYSE:CNS) stock. The investment firm believes that the company is likely to benefit from increasing investor demand for listed real estate investments.
In Q2 2020, the number of bullish hedge fund positions on Cohen & Steers Inc. (NYSE:CNS) stock increased by about 5% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Cohen & Steers’ growth potential. Our calculations showed that Cohen & Steers Inc. (NYSE:CNS) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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.
