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Is U.S. Global Investors (GROW) Stock a Buy For 2021?

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Alex Smith
·3 min read
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Artko Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 17.2% for the quarter, outperforming its benchmark, the S&P 500 Index which returned 12.2% in the same quarter. You should check out Artko Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the Q4 2020 Investor Letter, Artko Capital highlighted a few stocks and U.S. Global Investors Inc (NASDAQ:GROW) is one of them. U.S. Global Investors Inc (NASDAQ:GROW) is a registered investment adviser. In the last three months, U.S. Global Investors Inc (NASDAQ:GROW) stock gained 107.1% and on February 3rd it had a closing price of $6.10. Here is what Artko Capital said:

"US Global Investors (GROW) – In 2Q 2020 we took a 4% position in a tiny asset manager with the expectation that with the eventual market recognition that its airline focused ETF, JETS, has grown from sub $100mm in assets to over $1.2b, would result in a substantial price adjustment. In short, rather than gamble in the wild casino of 2020 markets, we wanted to own the casino operator instead. This was a short term, earnings event driven investment and while we were hoping for a healthier pop, in the end we exited most of our position in low to mid $3s for a blended 30% return, the capital from which we committed to our purchase of ECOM, as our preference is usually to hold less risky, more longer-term oriented Core Portfolio positions."

In Q3 2020, the number of bullish hedge fund positions on U.S. Global Investors Inc (NASDAQ:GROW) stock increased by about 150% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in GROW's growth potential. Our calculations showed that U.S. Global Investors Inc (NASDAQ:GROW) isn't ranked among 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.