Arquitos Capital Partners recently released its Q1 2020 Investor Letter, a copy of which you can download here. The Arquitos Fund posted a return of -19.0% for the quarter (net), outperforming its benchmark, the S&P 500 which returned -19.60% in the same quarter. You should check out Arquitos Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash. There weren’t a lot of funds who could deliver these kinds of returns without shorting the market or using aggressive put options.
In the said letter, Arquitos Capital highlighted a few stocks and Enterprise Diversified Inc. (OTCMKTS:SYTE) is one of them. Enterprise Diversified is an Internet service provider. Year-to-date, Enterprise Diversified Inc. (OTCMKTS:SYTE) stock lost 21.1% and on June 24th it had a closing price of $2.86. Here is what Arquitos Capital said:
“Our position in Enterprise Diversified (SYTE) cost the overall portfolio 5% in the first quarter. Shares ended the quarter 26% below the stated liquidation value of the company, as measured on December 31, 2019. The company carried out several transactions in 2019 to eliminate debt and restructure the business. SYTE’s focus going forward is on its Willow Oak Asset Management subsidiary. The company is excited about the progress being made in that area. More information will be provided when SYTE reports its firstquarter results in May.”
Our calculations showed that Enterprise Diversified Inc. (OTCMKTS:SYTE) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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 leave no stone unturned when looking for the next great investment idea. For example, 2020’s unprecedented market conditions provide us with the highest number of trading opportunities in a decade. So we are checking out stocks recommended/scorned by legendary Bill Miller. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
