U.S. markets open in 8 hours 52 minutes
  • S&P Futures

    -23.00 (-0.55%)
  • Dow Futures

    -218.00 (-0.66%)
  • Nasdaq Futures

    -36.25 (-0.26%)
  • Russell 2000 Futures

    -18.40 (-0.82%)
  • Crude Oil

    +0.36 (+0.50%)
  • Gold

    +5.30 (+0.30%)
  • Silver

    -0.07 (-0.28%)

    -0.0007 (-0.06%)
  • 10-Yr Bond

    -1.5110 (-100.00%)
  • Vix

    -17.75 (-100.00%)

    -0.0018 (-0.13%)

    -0.3520 (-0.32%)

    -1,655.24 (-4.62%)
  • CMC Crypto 200

    -95.53 (-10.16%)
  • FTSE 100

    -135.96 (-1.90%)
  • Nikkei 225

    -1,043.83 (-3.60%)

Should You Hold and Stay Optimistic in MarketAxess Holdings Inc. (MKTX)?

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Richie Capital Group, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of -12.3% was reported by the fund’s RCG Long Short Fund, -2.5% return by the fund’s RCG Long Only Fund, while its RCG Top 10 delivered a 0.59% gain for the Q1 of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Richie Capital Group, in their Q1 2021 investor letter, mentioned MarketAxess Holdings Inc. (NASDAQ: MKTX) and shared their insights on the company. MarketAxess Holdings Inc. is an New York-based financial services company that currently has a $20.5 billion market capitalization. Since the beginning of the year, MKTX delivered a -5.41% return, while its 12-month gains are up by 35.70%. As of April 13, 2021, the stock closed at $539.68 per share.

Here is what Richie Capital Group has to say about MarketAxess Holdings Inc. in their Q1 2021 investor letter:

"Our biggest detractors for the quarter included MarketAxess Holdings (MKTX – down 8.81%) – The fixed income trading platform declined during the quarter due to disappointing average daily volume in February likely driven by tightening of credit spreads and new bond issuances. The company continues to benefit as the market shifts to digital and online bond trading."

Countries with the Smallest Government Per Capita in the World
Countries with the Smallest Government Per Capita in the World


Our calculations show that MarketAxess Holdings Inc. (NASDAQ: MKTX) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, MarketAxess Holdings Inc. was in 34 hedge fund portfolios. MKTX delivered a 2.08% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. 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.