Fund manager Gerald Sparrow picks stocks by screening 5,000 companies every quarter to find out which are growing most quickly based on unit sales. In late April, Sparrow discussed his investment strategy and named Carvana Co. (CVNA) an online platform for auto sales, as an example of the type of rapidly growing company he is looking for. At that time (April 29), Carvana’s stock was down 8% for 2020 and the Sparrow Growth Fund (SGNFX) was up 7%. Read More...
These fast-growing companies that track key consumer trends have produced a nearly 50% gain for one fund in 2020
Fund manager Gerald Sparrow picks stocks by screening 5,000 companies every quarter to find out which are growing most quickly based on unit sales. In late April, Sparrow discussed his investment strategy and named Carvana Co. (CVNA) an online platform for auto sales, as an example of the type of rapidly growing company he is looking for. At that time (April 29), Carvana’s stock was down 8% for 2020 and the Sparrow Growth Fund (SGNFX) was up 7%.
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