Greenhaven Road Capital, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A spectacular net return of 105% was recorded by the fund for the year end 2020, outperforming its Russell 2000 benchmark that returned 9.4%. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Greenhaven Road Capital, in their Q4 2020 Investor Letter said that KKR & Co. Inc. (NYSE: KKR) is part of their top 5 holdings. KKR & Co. Inc. is a global investment company that currently has a $22.1 billion market cap. For the past 3 months, KKR delivered an 11.13% return and settled at $38.95 per share at the closing of January 29th.
Here is what Greenhaven Road Capital has to say about KKR & Co. Inc. in their investor letter:
“In 2021, KKR will close on their purchase of General Atlantic insurance company, substantially increasing their permanent capital from 9% to 33% of AUM. 2021 should also see continued asset growth as they are in fundraising mode for their three largest strategies. Historically, KKR has been excluded from the S&P 500 for governance reasons but the company will likely make changes to qualify for inclusion, which would bring a large forced buyer to the stock. With its ballast of stable, locked-up management fees, KKR is designed to survive market fluctuations and economic cycles. The desire for pension funds and endowments to have a path to 8% returns in a zero-interest rate world should drive continued demand for KKR’s services. Quite frankly, I believe that 2022, 2023, and 2024 look rosy for KKR as well. “
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Last December 2020, we published an article telling that KKR & Co. Inc. (NYSE: KKR) was in 50 hedge fund portfolios. Its all time high statistics is 56. KKR delivered a 22.72% return in the past 12 months.
Our calculations show that KKR & Co. Inc. (NYSE: KKR) does not belong in our list of the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
