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‘Bentley (BSY) is a Worthy Watchlist Stock’ Says Cooper Investors

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Cooper Investors, an investment management firm, published its ‘Cooper Investors Global Equities Fund (Hedged)’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 9.96% was recorded by the fund for the Q4 of 2020, below its MSCI ACWI benchmark that returned 12.24%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.

Cooper Investors, in their Q4 2020 Investor Letter said that they took profits and sold their position in Bentley Systems, Incorporated (NASDAQ: BSY) because they are already contented with their gains in the short term. Bentley Systems, Incorporated is a software development company that currently has an $11.2 billion market cap. For the past 3 months, BSY delivered a decent 19.04% return and settled at $41.46 per share at the closing of January 28th.

Here is what Cooper Investors has to say about Bentley Systems, Incorporated in their investor letter:

"The portfolio sold its small position in Bentley Systems. Since participating in the company’s float in September, Bentley’s share price has increased ~75% from the initial offer price. This appreciation in the share price has exhausted what Value Latencies we had identified. As a family-led company selling mission critical software there is still much to like about Bentley and it remains a closely followed Watchlist stock."

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Oleksiy Mark/Shutterstock.com

Last December 2020, we published an article telling that Bentley Systems, Incorporated (NASDAQ: BSY) was in 19 hedge fund portfolios, its all time high statistics. BSY delivered a 2.35% return YTD.

Our calculations show that Bentley Systems, Incorporated (NASDAQ: BSY) does not belong in our list of 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

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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. You can subscribe to our free daily newsletter on our website.

Disclosure: None. This article is originally published at Insider Monkey.