Miller Value Partnersrecently released its Q3 2020 Investor Letter, a copy of which you candownload here. The Opportunity Equity Fund posted a return of 13.01% for the quarter (net of fees), outperforming its benchmark, the S&P 500 Index which returned 8.93% in the same quarter. You should check out Miller Value Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the said letter, Miller Value Partners highlighted a few stocks and Farfetch Ltd (NYSE:FTCH) is one of them. Farfetch Ltd (NYSE:FTCH) is an online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. Year-to-date, Farfetch Ltd (NYSE:FTCH) stock gained 171.8% and on October 30th it had a closing price of $28.13. Here is what Miller Value Partners said:

Pixabay/Public Domain

In July, wepublished an articlerevealing Miller Value Partners bullish investment thesis on Farfetch Ltd (NYSE:FTCH) stock in its Q2 2020 investor letter. This suggests that the investment firm has been bullish for a long time on Farfetch Ltd (NYSE:FTCH).

In Q2 2020, the number of bullish hedge fund positions on Farfetch Ltd (NYSE:FTCH) stock increased by about 68% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Farfetch's growth potential. Our calculations showed that Farfetch Ltd (NYSE:FTCH) isn't ranked among the30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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 enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published atInsider Monkey.