Longleaf Partners Fund, an investment management firm under Southeastern Asset Management, published its “Longleaf Partners Global Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 13.20% was delivered by the fund for the Q1 of 2021, outperforming its MSCI World benchmark that had a 4.92% 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 Fund, in their Q1 2021 investor letter, mentioned DuPont de Nemours, Inc. (NYSE: DD) and shared their insights on the company. DuPont de Nemours, Inc. is a Wilmington, Delaware-based chemicals company that currently has a $42.2 billion market capitalization. Since the beginning of the year, DD delivered a 6.24% return, while its 12-month gains are up by 80.31%. As of April 22, 2021, the stock closed at $75.55 per share.
Here is what Longleaf Partners Fund has to say about DuPont de Nemours, Inc. in their Q1 2021 investor letter:
“We exited three businesses in the quarter (including) DuPont. We have owned DuPont successfully three times now in the last decade and have great respect for CEO Ed Breen, who has delivered on creating value and focusing the company on its core
businesses. We continue to view the business and leadership highly and hope to have the opportunity to partner with them again.”
Courtesy of DuPont
Our calculations show that DuPont de Nemours, Inc. (NYSE: DD) 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, DuPont de Nemours, Inc. was in 60 hedge fund portfolios, compared to 61 funds in the third quarter. DD delivered a -6.83% 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.
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
