Curreen Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 49.70% was recorded by the fund for the Q4 of 2020, above both its S&P 500 benchmark that returned 12.15% and the MSCI World Index that returned 14.05%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Curreen Capital, in their Q4 2020 Investor Letter said that they were able to see a commendable value in American Outdoor Brands, Inc. (NASDAQ: AOUT), and that made them acquire a position in the company. American Outdoor Brands, Inc. is an industry leading provider of outdoor products and accessories that currently has a $277.7 million market cap. For the past 3 months, AOUT delivered a 31.56% return and settled at $19.84 per share at the closing of January 22nd.
Here is what Curreen Capital has to say about American Outdoor Brands, Inc. in their Investor Letter:
"American Outdoor is a hunting and camping accessories company (no guns or ammunition) that spun out of Smith & Wesson in August 2020. The business was cobbled together in a series of acquisitions from 2014 2017, and present management has worked to grow the brands organically. The industry overall was weak from 2016 until early 2020, when events drove people in the US to buy guns and go into the woods to hunt, fish, camp or… anything, just to get a breath of fresh air.
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AOUT delivered a 16.50% return YTD. However, our calculations showed that American Outdoor Brands, Inc. (NASDAQ: AOUT) does not belong to 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
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