In this article we discuss the 5 most popular mutual funds on Reddit. If you want to read about some more mutual funds popular on Reddit, click 10 Most Popular Mutual Funds on Reddit.
5. Janus Henderson High-Yield Fund Class T (NASDAQ:JAHYX)
Janus Henderson High-Yield Fund Class T (NASDAQ:JAHYX) is a fund that invests at least 80% of net assets in high-yield/high-risk securities that are rated below investment grade. These companies offer favorable risk/return characteristics. The fund has more than $1.1 billion in net assets under management with a holdings turnover of 146%.
A top holding of Janus Henderson High-Yield Fund Class T (NASDAQ:JAHYX) is Allegheny Technologies Incorporated (NYSE:ATI), a company that markets specialty metals and related products. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Allegheny Technologies Incorporated (NYSE:ATI), with 3.8 million shares worth more than $80 million.
4. Vanguard Windsor II Fund Investor Share (NASDAQ:VWNFX)
Vanguard Windsor II Fund Investor Share (NASDAQ:VWNFX) is a fund that invests in companies that fall in the large and mid-cap domain and whose stocks are considered by an advisor to be undervalued. Undervalued stocks are generally trading at prices below their earnings and book value.
A top holding of Vanguard Windsor II Fund Investor Share (NASDAQ:VWNFX) is Microsoft Corporation (NASDAQ:MSFT), a Washington-based technology firm. Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Microsoft Corporation (NASDAQ:MSFT), with 26.8 million shares worth more than $9 billion.
In its Q4 2021 investor letter, Vulcan Value Partners, an investment management firm, highlighted a few stocks and Microsoft Corporation (NASDAQ:MSFT) was one of them. Here is what the fund said:
“Microsoft Corporation (NASDAQ:MSFT) was a material contributor during the quarter. It is one of the highest quality companies in the world. We believe it has tremendous competitive advantages in its consumer and commercial Microsoft Office products as well as in its server and tools and Azure divisions. Over the last several years, Microsoft Corporation (NASDAQ:MSFT) has been implementing a successful transition from a traditional software license and maintenance revenue model to a subscription revenue model. The company remains competitively entrenched, produces strong free cash flow, and has a strong balance sheet.”
3. Fidelity Securities Fund – Fidelity Blue Chip Growth Fund (NASDAQ:FBGRX)
Fidelity Securities Fund – Fidelity Blue Chip Growth Fund (NASDAQ:FBGRX) is a mutual fund that invests at least 80% of net assets in blue chip large or mid-cap companies. These firms are generally well-known, well-established, and well-capitalized. The fund invests in those stocks that offer above-average growth potential in this sector.
Fidelity Securities Fund – Fidelity Blue Chip Growth Fund (NASDAQ:FBGRX) changes the value of equities in the fund according to the political, market, and economic developments. The fund primarily invests in common stocks.
2. Fidelity Contrafund Fund (NASDAQ:FCNTX)
Fidelity Contrafund Fund (NASDAQ:FCNTX) is a mutual fund that invests in companies whose value the advisor believes is not fully recognized by the public. These firms may be in the growth or value sectors. They may also be domestic or foreign. The fund looks at factors such as financial and industry position, as well as economic conditions to select investments.
A top holding of Fidelity Contrafund Fund (NASDAQ:FCNTX) is Meta Platforms, Inc. (NASDAQ:FB), a metaverse firm. At the end of the fourth quarter of 2021, 224 hedge funds in the database of Insider Monkey held stakes worth $31.8 billion in Meta Platforms, Inc. (NASDAQ:FB), compared to 248 in the preceding quarter worth $38.5 billion.
In its Q4 2021 investor letter, Boyar Value Group, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:
“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more), but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top. Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms, Inc. (NASDAQ:FB) (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”
1. Fidelity Puritan Fund (NASDAQ:FPURX)
Fidelity Puritan Fund (NASDAQ:FPURX) is a mutual fund that invests at least 60% of net assets in stocks and other equity securities and the remainder in bonds and debt securities. The fund has more than $35 billion in net assets under management with a holdings turnover of 55%. The expense ratio for the fund is 0.52%.
A top holding of Fidelity Puritan Fund (NASDAQ:FPURX) is Alphabet Inc. (NASDAQ:GOOG), a diversified technology company. Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG), with 2.9 million shares worth more than $8.5 billion.
In its Q4 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:
“In contrast, we made a different kind of mistake about a decade ago. Google, now Alphabet Inc. (NASDAQ:GOOG), performed very well for us while we owned it. The company kept outperforming our assumptions and we kept lowering them to be conservative. “Trees do not grow to the sky.” The stock kept going up and our value grew but did not keep pace with the stock. It hit our estimate of fair value and we sold it with a nice gain, patting ourselves on the back. We kept following Alphabet Inc. (NASDAQ:GOOG) and what they actually did over the next several years was roughly double the assumptions we used to value it. Therefore, our value was too conservative, and we sold it too cheaply, missing many years of compounding. Fortunately, we experienced some volatility several years ago that allowed us to purchase Alphabet Inc. (NASDAQ:GOOG) (Google) again with a margin of safety.”
You can also take a peek at Forget Tesla (TSLA): 10 Cheap EV Stocks to Buy Now and 15 Best Consumer Discretionary Stocks to Buy Now.
