ClearBridge Investments, an investment management firm, published its “Small Cap Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter, the ClearBridge Small Cap Growth Strategy underperformed its Russell 2000 Growth benchmark. On an absolute basis, the Strategy had gains across eight of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the industrials and consumer staples sectors the leading contributors. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Hayward Holdings, Inc. (NYSE: HAYW), and shared their insights on the company. Hayward Holdings, Inc. is a Berkeley Heights-based pump and pumping equipment manufacturing company that currently has a $5.6 billion market capitalization. In the last five days, HAYW delivered a -4.08% return, and as of June 04, 2021, the stock closed at $24.43 per share.
Here is what ClearBridge Investments has to say about Hayward Holdings, Inc. in its Q1 2021 investor letter:
“We established seven new positions during the quarter, largely financed through trims in existing holdings whose market values have risen. We also added Hayward, in the consumer discretionary sector, is a manufacturer of a variety of pumps, filters, sanitizers and cleaners for the swimming pool industry. The company is asset light, innovative and has significant opportunities to improve underlying economics while participating in the recovery of swimming pool construction and renovation since the 2008–09 collapse.”
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Our calculations show that Hayward Holdings, Inc. (NYSE: HAYW) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Hayward Holdings, Inc. was in 25 hedge fund portfolios. HAYW delivered a 4.27% return in the past month.
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.