In this article, we take a look at the 10 stocks to invest in today according to Robert Richards’ Heathbridge Capital. You can skip our detailed analysis of Robert Richards’ history, investment philosophy, and hedge fund performance, and go directly to 5 Stocks to Invest in Today According to Robert Richards’ Heathbridge Capital.
Heathbridge Capital has a portfolio value of $332.9 million as of the third quarter of 2021. The fund was founded in 1995 by Robert Richards, with 50 years of experience in stock analysis, equity sales, and portfolio management.
Heathbridge Capital’s investment philosophy is something the fund calls ‘Checkmark Investing,’ defined as a long-term diversified tracking and investment strategy in companies with strong fundamentals and robust growth prospects but low stock prices at the given time when the fund purchases them. It could also be called value investment in more conventional terms.
Heathbridge Capital is invested in a number of different sectors and has a very diversified and differentiated portfolio. The major chunk of its portfolio has investments in technology, financial and basic materials industries. The three most prominent companies that the hedge fund is invested in as of the third quarter of 2021 includes Mastercard Incorporated (NYSE:MA), The Walt Disney Company (NYSE:DIS), and Verizon Communications Inc. (NYSE:VZ).
Photo by Nick Chong on Unsplash
Our Methodology
For our list of the 10 stocks to invest in today according to Robert Richards’ Heathbridge Capital, we’ve picked top 10 stocks from Heathbridge Capital’s third quarter portfolio.
10. Plug Power Inc. (NASDAQ:PLUG)
Heathbridge Capital’s Stake Value: $17.2 million
Percentage of Heathbridge Capital’s 13F Portfolio: 5.17%
Number of Hedge Fund Holders: 20
Heathbridge Capital holds 674,000 shares in Plug Power Inc. (NASDAQ:PLUG) after a 98% increase in stake in the third quarter of 2021. The stake accounts for 5.17% of the hedge fund’s portfolio.
Plug Power Inc. (NASDAQ:PLUG) is a US company developing hydrogen fuel cells to replace electric current-based batteries. The company is headquartered in Latham, New York.
9. Danimer Scientific, Inc. (NYSE:DNMR)
Heathbridge Capital’s Stake Value: $18.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 5.52%
Number of Hedge Fund Holders: 21
Danimer Scientific, Inc. (NYSE:DNMR) is a biopolymer manufacturer based in Georgia, US. Danimer Scientific, Inc. (NYSE:DNMR) manufactures several environment-friendly polymer products, like fibers, film resins, and thermoforming polymers, etc.
Heathbridge Capital holds over 1.1 million shares in the company after a 1% decrease in stake in the third quarter of 2021. Overall, the hedge fund’s stake in the third quarter of 2021 is $18.3 million, down from $28 million in the previous quarter.
8. The Toronto-Dominion Bank (NYSE:TD)
Heathbridge Capital’s Stake Value: $26.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 7.9%
Number of Hedge Fund Holders: 17
The Toronto-Dominion Bank (NYSE:TD) is a Canadian multinational bank and financial corporation offering services like banking and asset management.
Heathbridge Capital holds 397,650 shares in the corporation after a 2% decrease in stake in the third quarter of 2021. On December 3, Canaccord analyst Scott Chan increased the price target on The Toronto-Dominion Bank (NYSE:TD) to CAD 102.50 from CAD 93.50 and kept a ‘Hold’ rating on the shares.
7. Moderna, Inc. (NASDAQ:MRNA)
Heathbridge Capital’s Stake Value: $26.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 7.9%
Number of Hedge Fund Holders: 49
Moderna, Inc. (NASDAQ:MRNA) is an American biotechnology company headquartered in Cambridge, Massachusetts. Moderna, Inc. (NASDAQ:MRNA) is involved in the research and development of mRNA vaccine-based treatments for several illnesses.
Heathbridge Capital holds 68,375 shares in the company after a 44% decrease in stake in the third quarter of 2021. Coatue Management is the leading stakeholder in the biotechnology company with 6 million shares in the third quarter of 2021.
6. Hudbay Minerals Inc. (NYSE:HBM)
Heathbridge Capital’s Stake Value: $27.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.2%
Number of Hedge Fund Holders: 13
Hudbay Minerals Inc. (NYSE:HBM) is a Canadian mining company headquartered in Toronto, Ontario. The company is primarily focused on Copper concentrates. Heathbridge Capital holds 4.3 million shares in the company after a 3% decrease in stake in the third quarter of 2021.
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Disclosure: None. 10 Stocks to Invest in Today According to Robert Richards’ Heathbridge Capital is originally published on Insider Monkey.
