Wasatch Micro Cap Fund’s Q1 2021 Investor Letter
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Published on May 10, 2021 at 11:14 am by Inan Dogan, PhD
Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. He launched his hedge fund in 1956 with $105,100 in seed capital. Back then they weren’t called hedge funds, they were called “partnerships”. Warren Buffett took 25% of all returns in excess of 6 percent.
Wasatch Micro Cap Fund’s Q1 Top Detractor: Frequency Therapeutics Inc. (FREQ)
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned Frequency Therapeutics, Inc. (NASDAQ: FREQ), and shared their insights on the company. Frequency Therapeutics, Inc. is a Woburn, Massachusetts-based biotechnology company that currently has a $355.8 million market capitalization. Since the beginning of the year, FREQ delivered a -70.50% return, while its 12-month gains are down by -43.04%. As of May 07, 2021, the stock closed at $10.40 per share.
Wasatch Micro Cap: “Pennant (PNTG) Will Show Improvement in the Coming Quarters”
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned The Pennant Group, Inc. (NASDAQ: PNTG), and shared their insights on the company. The Pennant Group, Inc. is an Idaho, United States-based home health care services company that currently has a $1.09 billion market capitalization. Since the beginning of the year, PNTG delivered a -35.11% return, while its 12-month gains are up by 115.78%. As of May 07, 2021, the stock closed at $38.38 per share.
Here’s Why Silk Road Medical Inc. (SILK) Landed in Wasatch Micro Cap’s Detractor List
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned Silk Road Medical, Inc. (NASDAQ: SILK), and shared their insights on the company. Silk Road Medical, Inc. is a Sunnyvale, California-based surgical equipment producer that currently has a $1.7 billion market capitalization. Since the beginning of the year, SILK delivered a -18.53% return, while its 12-month gains are up by 35.74%. As of May 07, 2021, the stock closed at $51.31 per share.
Should You Consider Investing in Boot Barn Holdings Inc. (BOOT)?
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned Boot Barn Holdings, Inc. (NYSE: BOOT), and shared their insights on the company. Boot Barn Holdings, Inc. is an Irvine, California-based western and work-related footwear, apparel and accessories retailer that currently has a $2.1 billion market capitalization. Since the beginning of the year, BOOT delivered a 72.05% return, extending its 12-month gains to 281.20%. As of May 07, 2021, the stock closed at $74.60 per share.