U.S. markets open in 8 hours 2 minutes
  • S&P Futures

    4,116.25
    -10.25 (-0.25%)
     
  • Dow Futures

    33,634.00
    -69.00 (-0.20%)
     
  • Nasdaq Futures

    13,730.25
    -64.00 (-0.46%)
     
  • Russell 2000 Futures

    2,179.30
    -4.70 (-0.22%)
     
  • Crude Oil

    62.61
    +0.17 (+0.27%)
     
  • Gold

    1,783.40
    +5.00 (+0.28%)
     
  • Silver

    25.94
    +0.10 (+0.41%)
     
  • EUR/USD

    1.2034
    -0.0007 (-0.06%)
     
  • 10-Yr Bond

    1.5620
    0.0000 (0.00%)
     
  • Vix

    18.68
    +1.39 (+8.04%)
     
  • GBP/USD

    1.3927
    -0.0010 (-0.07%)
     
  • USD/JPY

    108.0300
    -0.0400 (-0.04%)
     
  • BTC-USD

    55,503.07
    +417.14 (+0.76%)
     
  • CMC Crypto 200

    1,274.30
    +39.89 (+3.23%)
     
  • FTSE 100

    6,859.87
    -140.21 (-2.00%)
     
  • Nikkei 225

    28,519.87
    -580.51 (-1.99%)
     

Codexis (CDXS) is Roubaix Capital’s Star Performer During the Q4 of 2020

  • Oops!
    Something went wrong.
    Please try again later.
Jose Karlo Mari Tottoc
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.

Roubaix Capital LLC, an investment management firm, published its 'Roubaix Fund Composite' fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 26.63% was recorded by the fund for the Q4 of 2020, outperforming its HFRI Equity Hedge benchmark that delivered a 14.50% return but below its Russell 2000 index that had a 31.37% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Roubaix Capital, in their Q4 2020 Investor Letter, said that Codexis, Inc. (NASDAQ: CDXS) was the top contributor for their portfolio in the fourth quarter of 2020. Codexis, Inc. is a premier protein engineering company that currently has a $1.6 billion market cap. For the past 3 months, CDXS delivered a decent 68.44% return and settled at $26.31 per share at the closing of February 12th.

Here is what Roubaix Capital has to say about Codexis, Inc. in their Q4 2020 investor letter:

"The largest contributor to fourth quarter long performance was Codexis (CDXS), a truly unique investment story. The company engineers enzymes that enhance productivity of the manufacturing processes of major industries including pharmaceutical, food and other companies. The high-performance enzymes identified by Codexis enable higher levels of production, which in turn drives profits for customers. The story does not stop here. Codexis’ proprietary platform, Code Evolver, has also demonstrated early success in identifying proteins to develop novel protein and gene therapies. This adds another layer of upside optionality to the company and has validation from partnerships with Nestle and Takeda. In these instances, the company earns milestone driven incentives and royalty payments. We see Codexis’ API business generating increasing scale at the same time the pipeline around licenses and royalties has never been larger, and as a result we maintain our position."

Marcin Balcerzak/Shutterstock.com

Last December, we published an article telling that hedge fund interest in Codexis, Inc. (NASDAQ: CDXS) shares was flat at the end of last quarter. CDXS delivered an impressive 87.53% return in the past 12 months.

Our calculations show that Codexis, Inc. (NASDAQ: CDXS) 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

https://youtu.be/OgBhPDmWMtI

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.