Longleaf Partners Fund, an investment management firm under Southeastern Asset Management, published its “Longleaf Partners Small-Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 11.74% was delivered by the fund for the Q1 of 2021, slightly below its Russell 2000 benchmark that had a 12.70% gain in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Longleaf Partners Small-Cap Fund, in their Q1 2021 investor letter, mentioned Formula One Group (NASDAQ: FWONK) and shared their insights on the company. Formula One Group is an Englewood, Colorado-based motor sports company that currently has a $10.7 billion market capitalization. Since the beginning of the year, FWONK delivered an 11.21% return, extending its 12-month gains to 62.19%. As of April 22, 2021, the stock closed at $47.01 per share.
Here is what Longleaf Partners Small-Cap Fund has to say about Formula One Group in their Q1 2021 investor letter:
“We exited two businesses in the period (which includes) Formula One. In both cases, share price went above our appraised value, even though we continue to view the businesses and management teams highly and hope to have the opportunity to
partner with them again. Although Formula One was a new business for us, we have partnered with John Malone and Greg Maffei across multiple Liberty Media businesses and remain partnered with them at Liberty Braves.”
Our calculations show that Formula One Group (NASDAQ: FWONK) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Formula One Group was in 42 hedge fund portfolios, compared to 40 funds in the third quarter. FWONK delivered an 15.22% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
