Weitz Investment Management, an investment management firm, published its “Value Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 10.19% was recorded by the fund’s Institutional Class in the fourth quarter of 2020, outperforming both its S&P 500 benchmark that delivered a 12.15% return and its Morningstar Large-Cap Blend category that had a gain of 12.78% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Weitz Investment Management, in their Q4 2020 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN) and emphasized their views on the company. Amazon.com, Inc. is a Seattle, Washington-based e-commerce company that currently has a $1.56 trillion market capitalization. Since the beginning of the year, AMZN delivered a -4.68% return, while its 12-month gains are still up by 62.73%. As of March 30, 2021, the stock closed at $3,055.29 per share.
Here is what Weitz Investment Management has to say about Amazon.com, Inc. in their Q4 2020 investor letter:
“Amazon.com was the ultimate stay-at-home beneficiary. Revenues in e-commerce, advertising and cloud-computing services soared, and the company continued to press its advantage by investing heavily for the future. While Amazon is far from our cheapest stock, the company has multiple pathways to help tap its seemingly unrivaled best-case potential future.”
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Our calculations show that Amazon.com, Inc. (NASDAQ: AMZN) ranks 1st in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Amazon.com, Inc. was in 273 hedge fund portfolios, compared to 245 funds in the third quarter. AMZN delivered a -5.48% 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.
