In this article, we discuss the 5 best stocks under $200 according to Edgar Wachenheim’s Green Associates. If you want to read our detailed analysis of Edgar Wachenheim’s history, investment philosophy, and hedge fund performance, go directly to 10 Best Stocks Under $200 According to Edgar Wachenheim’s Greenhaven Associates.
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 (NYSE:SCHW), 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 (NYSE:SCHW), 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. (NYSE:CF) 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. (NYSE:CF) 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. (NYSE:CF), 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. (NYSE:TOL) 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. (NYSE:TOL) 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. (NYSE:TOL), 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 (NYSE:GM), 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 (NYSE:GM) 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 (NYSE:GM) 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 (NYSE:GM) 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 (NYSE:GM), 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. (NYSE:MDC), 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.
