Clark Street Value: “Green Brick Partners (GRBK) Continues to Grow Like a Weed”

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Green Brick Partners, Inc. (NASDAQ: GRBK) and discussed its stance on the firm. Green Brick Partners, Inc. is a Plano, Texas-based diversified homebuilding and land development company with a $1.3 billion market capitalization. GRBK delivered a -12.66% return since the beginning of the year, while its 12-month returns are up by 22.64%. The stock closed at $26.49 per share on January 13, 2022.

Here is what Clark Street Value has to say about Green Brick Partners, Inc. in its Q4 2021 investor letter:

“Some of my bigger positions now are just semi-jockey plays in industries I semi-understand (start out as special situations but then “tripped into” a good management team), Green Brick Partners (GRBK) continues to grow like a weed, CEO Jim Brickman manages the business like a private company, he’s not afraid to switch strategies, lately that means heavily investing in land in 2020 and building a lot of homes on speculation in 2021 to take advantage of rising prices.”

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Our calculations show that Green Brick Partners, Inc. (NASDAQ: GRBK) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. GRBK was in 16 hedge fund portfolios at the end of the third quarter of 2021, compared to 14 funds in the previous quarter. Green Brick Partners, Inc. (NASDAQ: GRBK) delivered a 20.57% return in the past 3 months.

In May 2021, we also shared another hedge fund’s views on GRBK in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.