ClearBridge Investments, an investment management firm, published its “Select Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Select Strategy slightly underperformed its Russell 3000 Index benchmark in the first quarter. On an absolute basis, the Strategy had gains across nine of the 10 sectors in which it was invested during the quarter (out of 11 sectors total) You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Dragoneer Growth Opportunities Corp. (NYSE: DGNR), and shared their insights on the company. Dragoneer Growth Opportunities Corp. is a San Francisco, California-based investment firm that currently has a $859.9 million market capitalization. Since the beginning of the year, DGNR delivered a -24.87% return, and as of June 04, 2021, the stock closed at $9.97 per share.

Here is what ClearBridge Investments has to say about Dragoneer Growth Opportunities Corp. in its Q1 2021 investor letter:

"Only one of the SPACs we own has announced a deal. Dragoneer Growth Opportunities plans to acquire CCC Information Services, a developer of cloud software for processing auto insurance claims and repairs. CCC is the market share leader, well represented in auto body shop networks and growing nicely. The company is extremely profitable with high margins and we believe Dragoneer paid a reasonable multiple to acquire it. In addition to our SPAC exposure, the cooling off of the IPO market could lead to attractive opportunities and we are actively researching companies in this area."

Our calculations show that Dragoneer Growth Opportunities Corp. (NYSE: DGNR) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Dragoneer Growth Opportunities Corp. was in 55 hedge fund portfolios, compared to 51 funds in the fourth quarter of 2020. DGNR delivered a -7.34% 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.

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