ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy underperformed its Russell 3000 Index benchmark during the first quarter. On an absolute basis, the Strategy had gains in five of 10 sectors in which it was invested (out of 11 sectors total). 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 Shoals Technologies Group, Inc. (NASDAQ: SHLS), and shared their insights on the company. Shoals Technologies Group, Inc. is a Portland, Tennessee-based electrical balance of system for solar energy projects provider that currently has a $4.4 billion market capitalization. Since the past month, SHLS delivered a -7.12% return, and as of June 04, 2021, the stock closed at $26.73 per share.
Here is what ClearBridge Investments has to say about Shoals Technologies Group, Inc. in its Q1 2021 investor letter:
“Shoals Technologies, another new position, manufactures electric balance of systems (EBOS) components for ground-mounted solar projects and has been gaining market share for quality of service and price. The company has been primarily operating in the U.S. but is planning to expand internationally with its patented technology, and we see attractive secular growth in Shoals’s end markets.”
Our calculations show that Shoals Technologies Group, Inc. (NASDAQ: SHLS) 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, Shoals Technologies Group, Inc. was in 22 hedge fund portfolios. SHLS delivered a -16.99% 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.
