5 Best Wine Stocks to Invest in 2021

2. Willamette Valley Vineyards, Inc. (NASDAQ: WVVI)

Number of Hedge Fund Holders: 2   

Willamette Valley Vineyards, Inc. (NASDAQ: WVVI) is an Oregon-based company that makes and sells different types of wines. It was founded in 1983 and is ranked second on our list of 10 best wine stocks to invest in 2021. The firm markets products under brand names such as Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Rose, Methode Champenoise Brut, and Riesling, among a host of others. The company’s shares have returned more than 122% to investors over the past twelve months. 

In earnings results for the first three months of 2021, posted on May 13, Willamette Valley Vineyards, Inc. (NASDAQ: WVVI) reported a revenue of over $5.7 million for the first quarter of 2021, down 11% compared to the revenue over the same period in 2020. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in the firm with 151,403 shares worth more than $1.3 million.