In this article, we will take a look at the 10 best stocks under $200 according to Edgar Wachenheim’s Greenhaven Associates.
Greenhaven Associates is based in New York and was founded in 1988. The firm is known as a value-focused hedge fund on the Street. Edgar Wachenheim, who is the portfolio manager of the fund.
Edgar Wachenheim earned his MBA from Harvard Business School. With prior experience of working in IBM and Goldman Sachs, he joined the investment division of Central National-Gottesman (CNG). Later he founded Greenhaven Associates, a spun-off branch of C.N.G.
Edgar Wachenheim’s investment strategy can be described as a contrarian and value-oriented spread over a long-term horizon. Wachenheim is known to groom many other investors and fund managers working at Brave Warrior Capital and Chieftain Capital.
According to the Q2 filings of Greenhaven Associates’ 13F securities with the SEC, the fund has over $2.9 billion worth of assets under its management.
The largest allocation of Greenhaven Associates is in the consumer discretionary sector with 68.5% followed by finance with 36%. The top three holdings of the hedge fund include The Goldman Sachs Group, Inc. (NYSE:GS), Lennar Corporation (NYSE:LEN), and General Motors Company (NYSE:GM). Whirlpool Corporation (NYSE:WHR) is another notable pick of Greenhaven Associates.
Our Methodology
This list has been compiled after analyzing the cheapest stock price in the portfolio of Greenhaven Associates in the second quarter of 2021. The stock prices are mentioned as of November 16, 2021. We have also mentioned the total number of hedge funds having stakes in each company as tracked by Insider Monkey in the second quarter of 2021.
10 Best Stocks Under $200 According to Edgar Wachenheim’s Greenhaven Associates
10. Agilent Technologies Inc. (NYSE:A)
Greenhaven Associates’ Stake Value: $1.58 million
Percent of Greenhaven Associates’ Portfolio: 0.04%
Stock Price (as of Nov. 16): $162.48
Number of Hedge Fund Holders: 39
Agilent Technologies Inc. (NYSE:A) works in the electronic equipment industry and offers bio-analytical and electronic measurement solutions to chemical analysis, life sciences, and communication companies. The company is also engaged in laboratories equipment and apparatus manufacturing.
At the end of the June quarter of 2021, Greenhaven Associates held 10,700 shares in Agilent Technologies Inc. worth more than $1.58 million.
In the second quarter of 2021, Insider Monkey recorded 39 hedge funds out of 873 hedge funds having stakes in Agilent Technologies Inc., worth $3.89 billion. Impax Asset Management is the biggest hedge fund investor in Agilent Technologies Inc..
9. Morgan Stanley (NYSE:MS)
Greenhaven Associates’ Stake Value: $25.3 million
Percent of Greenhaven Associates’ Portfolio: 0.74%
Stock Price (as of Nov. 16): $101.36
Number of Hedge Fund Holders: 69
Morgan Stanley (NYSE:MS) is a company providing financial services for corporations and governments worldwide. The company provides institutional securities, wealth management, and investment management.
At the end of the second quarter of 2021, Greenhaven Associates held 276,290 shares in Morgan Stanley, worth $25.3 million, accounting for 0.74% of the 13F portfolio.
According to data tracked by Insider Monkey for the second quarter of 2021, 69 hedge funds have stakes in Morgan Stanley, valued at $5.34 billion.
8. Lennar Corporation (NYSE:LEN)
Greenhaven Associates’ Stake Value: $697 million
Percent of Greenhaven Associates’ Portfolio: 20.39%
Stock Price (as of Nov. 16): $108.7
Number of Hedge Fund Holders: N/A
Lennar Corporation is a Florida-based company with country-wide operations. The company provides home building services and home financing services. The company builds and sells single-family houses and luxury homes.
On September 22, 2021, Wedbush raised its price target on Lennar Corporation to $120 from $110 and kept an “Outperform” rating on the stock. Argus is bullish on the stock and commented that the housing industry is set to rebound due to demand for affordable housing and lower mortgage rates.
At the end of the second quarter of 2021, Greenhaven Associates held over 7 million shares in Lennar Corporation, worth $697 million. Lennar Corporation accounts for 20.39% of the 13F portfolio.
7. D.R. Horton, Inc. (NYSE:DHI)
Greenhaven Associates’ Stake Value: $70.12 million
Percent of Greenhaven Associates’ Portfolio: 2.04%
Stock Price (as of Nov. 16): $99.3
Number of Hedge Fund Holders: 45
D.R. Horton, Inc. (NYSE:DHI) is based in Texas and provides residential construction services. The company has nationwide operations. The company acquires land, develops the plan, builds houses, and sells them. It works under the brands of D. R. Horton, Emerald Homes, and Freedom Homes.
At the end of the second quarter of 2021, Greenhaven Associates holds 775,945 shares in D.R. Horton, Inc., worth $70.12 million. D.R. Horton, Inc. accounts for 2.04% of the 13F portfolio.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 45 were bullish on D.R. Horton, Inc., having stakes worth $1.89 billion. Egerton Capital Limited is the leading hedge fund investor in D.R. Horton, Inc. with 8.37 million shares, valued at $752 million, as of Q2 2021.
6. Bunge Limited (NYSE:BG)
Greenhaven Associates’ Stake Value: $3.2 million
Stock Price (as of Nov. 16): $96.11
Percent of Greenhaven Associates’ Portfolio: 0.09%
Number of Hedge Fund Holders: 40
Bunge Limited (NYSE:BG) is based in Missouri and engages in the agribusiness and food industry. The company has divided its operations into five segments: agribusiness, edible oil, milling products, fertilizers, and sugar. The company also provides bioenergy solutions by generating electricity from sugarcane bagasse.
As of the second quarter of 2021, Greenhaven Associates has 40,500 shares in Bunge Limited, valued at $3.2 million. Bunge Limited accounts for 0.09% of the 13F portfolio.
As of Q2 2021, 40 hedge funds as tracked by Insider Monkey have stakes in Bunge Limited, worth $399 million. This number has decreased from 44 as recorded in the Q1 of 2021. Alyeska Investment Group has the largest stake in Bunge Limited, valued at $71 million.
5. The Charles Schwab Corporation (NYSE:SCHW)
Greenhaven Associates’ Stake Value: $10.5 million
Percent of Greenhaven Associates’ Portfolio: 0.3%
Stock Price (as of Nov. 16): $81.88
Number of Hedge Fund Holders: 72
The Charles Schwab Corporation (NYSE:SCHW) is based in Texas and provides financial services such as wealth management, securities, brokerage, and asset management. The company has divided its operations into two branches: advisory services and investors services. The company has customers in the US, the UK, Hong Kong, and Singapore.
As of Q2 2021, 72 hedge funds as tracked by Insider Monkey have stakes in The Charles Schwab Corporation, worth $4.8 billion. This number has decreased from 76 as recorded in the Q1 of 2021. Ivy Lane Capital has the leading number of shares in The Charles Schwab Corporation, valued at $11.9 billion.
4. CF Industries Holdings, Inc. (NYSE:CF)
Greenhaven Associates’ Stake Value: $2.5 million
Percent of Greenhaven Associates’ Portfolio: 0.07%
Stock Price (as of Nov. 16): $65.75
Number of Hedge Fund Holders: 47
CF Industries Holdings, Inc. (NYSE:CF), headquartered in Illinois, produces raw agricultural inputs like nitrogen and oxygen. These materials are used in fertilizer, clean energy, emission abatement, and other industrial application. The company mainly serves industrial and wholesalers as its customers.
On October 1, 2021, JP Morgan raised its price target on CF Industries Holdings, Inc. to $68 from $60 and kept an “Overweight” rating on the stock.
As of the end of the second quarter of 2021, Greenhaven Associates held 48,500 shares of the company worth $2.495 million. CF Industries Holdings, Inc. represented 0.07% of Greenhaven Associates’ portfolio of 13F securities.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 47 were bullish on CF Industries Holdings, Inc., having stakes worth $955 million. This number has increased from 44 in the Q1 of 2021, worth $879 million, indicating a positive hedge fund sentiment.
With 4.2 million shares valued at 217 million, Glendon Capital Management is the leading stakeholder of the company.
3. Toll Brothers, Inc. (NYSE:TOL)
Greenhaven Associates’ Stake Value: $297.4 million
Percent of Greenhaven Associates’ Portfolio: 8.68%
Stock Price (as of Nov. 16): $64.88
Number of Hedge Fund Holders: 32
Toll Brothers, Inc. (NYSE:TOL) is based in Philadelphia and engages in the designing, building, and selling of luxury homes. The company also provides home financing services. The company also operates several clubs, golf clubs, and country clubs.
On September 27, 2021, Citi lowered its price target on Toll Brothers, Inc. to $64 from $70, keeping a “Neutral” rating on the stock.
As of the second quarter of 2021, Greenhaven Associates holds 5.2 million shares of the company worth $297 million. Toll Brothers, Inc. represents 8.68% of Greenhaven Associates’ portfolio of 13F securities.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 32 have stakes in Toll Brothers, Inc., worth $800 million. This number has increased from 30 in the Q1 of 2021, worth $699 million.
2. General Motors Company (NYSE:GM)
Greenhaven Associates’ Stake Value: $616.4 million
Percent of Greenhaven Associates’ Portfolio: 18.01%
Stock Price (as of Nov. 16): $62.72
Number of Hedge Fund Holders: 86
General Motors Company, a Michigan-based company, designs and sells automobiles, including crossovers, cars, trucks, and automobile parts. The company has worldwide operations. Some of the notable brands of the company include Cadillac, Chevrolet, GMC, Holden, and Buick.
As of the second quarter of 2021, General Motors Company generated revenue of $34.17 billion with quarterly revenue growth of 103.6% on a YoY basis. The revenue beat the market consensus by $4.49 billion. General Motors Company reported an EPS of $1.97, beating the market consensus by $0.14. On October 05, 2021, Engine No. 1, an impact investment group, announced to invest in the company to support its EV transition mission of producing an all-electric fleet.
As of the second quarter of 2021, Greenhaven Associates holds 10.4 million shares of the company, worth $616.4 million. General Motors Company represents 18.01% of Greenhaven Associates’ portfolio of 13F securities.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 86 have stakes in General Motors Company, worth $7.4 billion.
1. MDC Holdings, Inc. (NYSE:MDC)
Greenhaven Associates’ Stake Value: $1.265 million
Percent of Greenhaven Associates’ Portfolio: 0.03%
Share Price (as of Nov. 16): $52.18
Number of Hedge Fund Holders: 22
MDC Holdings, Inc. (NYSE:MDC) is based in Colorado and operates in the residential construction industry. The company provides home building services. Along with the home building, the company also provides financial services like mortgage loans and insurance policies. It has customers in Colorado, Florida, Maryland, Nevada, and Virginia.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 22 have stakes in MDC Holdings, Inc., worth $51 million. This number has increased from 13 in the Q1 of 2021, worth $2.67 million.
You can also take a peek at Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners and 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb.
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- Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners.
- 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb
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This article is originally published at Insider Monkey.
