Miller Value Partners recently released its Q2 2021 Investor Letter, a copy of which you can download here. The Miller Opportunity Trust Class I gained 4.18%, underperforming its benchmark, the S&P 500 Index which returned 8.55% in the same quarter. You should check out Miller Value Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Tupperware Brands Corp (NYSE:TUP) is one of them. Tupperware Brands Corp (NYSE:TUP) is a multinational multi-level marketing company. In the last three months, Tupperware Brands Corp (NYSE:TUP) stock lost 3%. Here is what the fund said:
“We also began to build a position in Tupperware Brands Corporation (TUP $21.97) at the end of the quarter. Tupperware sells home goods through a direct marketing channel. The stock is well off the 2013 highs of $97. New CEO Miguel Fernandez joined the firm in April of 2020. Previously, he worked on the turnaround of Avon before it was sold to Natura & Co. Over the past year, Miguel has been focused on selling off non-core assets, paying down debt, and rolling out a new growth strategy. We believe there’s significant unrecognized brand value at Tupperware that the company will monetize through expansion into new markets. Overall, the stock is currently trading for less than 5x what it is expected to earn this year.”
In Q3 2020, the number of bullish hedge fund positions on Tupperware Brands Corp (NYSE:TUP) stock increased by about 38% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in TUP’s growth potential. Our calculations showed that Tupperware Brands Corp (NYSE:TUP) isn’t ranked among the 30 most popular stocks among hedge funds.
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.
