Bonsai Partners recently published their Investor Letter for the first quarter of 2021, of which you can receive a copy Download here. The fund returned -0.8% (net of fees) for the quarter, underperforming its benchmark, the S&P 500 Index, which returned 6.2% for the quarter. You should check out Bonsai Partners’ top 5 stock picks that investors can buy right now. This could be this year’s biggest winner.
In the investor letter for the first quarter of 2021, the fund raised some stocks and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Is one of them. Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) is a semiconductor company. For the past three months, Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Share lost 7%. The fund said the following:
“Taiwan Semiconductor is the world’s largest outsourced foundry for logic semiconductor chips. TSMC’s shares rose 8.9% for the quarter.
Similar to last quarter, the imbalance between supply and demand for semiconductor chips continues to benefit TSMC. In order to drive new technological advances and to offset the current imbalance in supply, investment across the industry will increase significantly in the coming years.
Despite its rapid pace of historical expansion, TSMC has an exceptional track record of returning these large investments. I remain confident that the major investment plan they have now (investing $ 100 billion over the next three years) is well spent and will not lead to industry oversupply in the medium term. Hopefully the future returns on these investments will look as good as those of the past. “
In the fourth quarter of 2020, the number of bullish hedge fund positions at Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) Equities rose by around 7% compared to the previous quarter (see the table here) is what a number of other hedge fund managers believe in TSM’s growth potential. Our calculations showed that Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) does not belong to the 30 Most Popular Stocks Among Hedge Funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, outperforming the S&P 500 index ETFs by more than 126 percentage points. We know it sounds amazing. You turned down our articles on top hedge fund stocks, mainly because you heard biased information from other media about hedge fund poor performance. You could have doubled the size of your nest egg by investing in the best hedge fund stocks instead of dumb S&P 500 ETFs. Here You can now watch our video on the top 5 hedge fund stocks. All of these stocks generated positive returns in 2020.
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