HealthInvest Partners AB is the investment management company of HealthInvest Small & MicroCap Fund. HealthInvest Partners recently released its April month Investor Letter, a copy of which you can download here. HealthInvest Small & MicroCap Fund rose 9.1% in April, which was broadly in line with its benchmark index. You should check out HealthInvest Partners top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, HealthInvest Partners highlighted a few stocks and Owens & Minor Inc (NYSE:OMI) is one of them. Owens & Minor is an healthcare company. Year-to-date, Owens & Minor Inc (NYSE:OMI) stock gained 36.2% and on June 19th it had a closing price of $7.34. Here is what HealthInvest Partners said:
“HealthInvest Small & MicroCap Fund also significantly increased its holding in Owens & Minor. The company operates one of the largest medical and surgical supply distribution businesses in the United States. We believe Owens & Minor will benefit greatly from increased demand due to COVID-19. Its Halyard division, purchased in 2017 for USD710m, is a provider of medical supplies and solutions for the prevention of healthcare-associated infections. Its surgical and infection prevention offerings range from sterilization wraps, surgical drapes and gowns, facial protection and protective apparel to medical exam gloves. The shares of Owens & Minor are attractively valued at 4x free cash flow.”
In Q3 2019, the number of bullish hedge fund positions on Owens & Minor Inc (NYSE:OMI) stock increased by about 23% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Owens & Minor’s upside potential. Our calculations showed that Owens & Minor Inc (NYSE:OMI) 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.
