Longleaf Partners Fund, a Memphis-based fund under Southeastern Asset Management, recently released its Q2 2021 Investor Letter, a copy of which you can download here. The fund added 4.40% in the second quarter, taking year-to-date returns to 23.42%, while the S&P 500 returned 8.55% and 15.25% over the same periods. You should check out Longleaf Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Williams Companies Inc. (NYSE:WMB) is one of them. Williams Companies Inc. (NYSE:WMB) is an energy company. In the last three months, Williams Companies Inc. (NYSE:WMB) stock lost 5.5%. Here is what the fund said:
“Williams (14%, 0.51%), the natural gas pipeline operator, was also a positive contributor. The value grew slowly but steadily thanks to continued cash flow growth at Williams’s main Transco pipeline, as well as good volume trends (up 11% YOY) in its Northeast assets. The stock traded up with gas price strength as the quarter went on. We believe that management is open to more transactions to grow and simplify value per share, and as industry conditions improve, this becomes more likely.”
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Earlier this month, we published an article revealing that Williams Companies Inc. (NYSE:WMB) was one of the 5 best dividend stocks with over 5% yield according to hedge funds.
In Q1 2021, the number of bullish hedge fund positions on Williams Companies Inc. (NYSE:WMB) stock decreased by about 11% from the previous quarter (see the chart here), so a number of other hedge fund managers don’t believe in WMB’s growth potential. Our calculations showed that Williams Companies Inc. (NYSE:WMB) 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.
