On July 5, 2020, NZS Capital released its Q2 2020 Investor Letter, a copy of which you can download here. The NZS Global Growth strategy returned 39.95% for the second quarter of 2020. Meanwhile, the benchmark Morningstar Global Markets GR index gained 19.79%. You should check out NZS Capital’s 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, NZS Capital spoke about ViacomCBS Inc. (NASDAQ:VIAC) and Walt Disney Co (NYSE:DIS) stocks. ViacomCBS Inc. (NASDAQ:VIAC) and Walt Disney Co (NYSE:DIS) are media companies. Year-to-date, ViacomCBS Inc. (NASDAQ:VIAC) stock lost 39.3% and on July 15th it had a closing price of $24.95. Year-to-date, Walt Disney Co (NYSE:DIS) stock lost 18.0% and on July 15th it had a closing price of $120.90. Here is what NZS Capital said:
“Among the detractors were media companies Viacom and Disney, which underperformed due to their advertising exposure, and, in the case of Disney, theme park shutdowns. We view these pressures as short term in nature and continue to own these investments.”
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In Q1 2020, the number of bullish hedge fund positions on ViacomCBS Inc. (NASDAQ:VIAC) stock decreased by about 16% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with ViacomCBS’s upside potential.
In Q1 2020, the number of bullish hedge fund positions on Walt Disney Co (NYSE:DIS) stock decreased by about 14% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t seem to agree with Walt Disney’s upside potential.
Our calculations showed that ViacomCBS Inc. (NASDAQ:VIAC) isn’t ranked among the 30 most popular stocks among hedge funds. Meanwhile, Walt Disney Co (NYSE:DIS) is ranked #20.
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 scour multiple sources to uncover the next great investment idea. For example, on one site we found out that NBA champion Isiah Thomas is now the CEO of this cannabis company. The same site also talks about a snack manufacturer that’s growing at 30% annually. 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. Hedge fund sentiment towards Tesla reached its all time high at the end of 2019 and Tesla shares more than tripled this year. We are trying to identify other EV revolution winners, so if you have any good ideas send us an email. 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.
