Miller Value Partners, an investment management firm, published its ‘Opportunity Equity’ fourth-quarter 2020 Investor Letter – a copy of which can be seen here. A net return of 35.4% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 benchmark that delivered a 12.15% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Miller Value Partners, in their Q4 2020 Investor Letter, said WW International, Inc. (NASDAQ: WW) is a company they continue to monitor during the fourth quarter of 2020. WW International, Inc. is a multinational health-focused company that currently has a $1.9 billion market cap. For the past 3 months, WW delivered an 8.39% return and settled at $28.16 per share at the closing of February 12th.
Here is what Miller Value Partners has to say about WW International, Inc. in their Q4 2020 investor letter:
“Another name we’re very excited about is WW (formerly known as Weight Watchers). We’ve followed it for a while. CEO Mindy Grossman, joined in 2017, is excellent. While the company has looked cheap in the past, we think the digital transition has reached an important inflection the market is not reflecting. We expect improving revenue growth and margin expansion and believe the stock can double.”
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Last September, we published an article telling that WW International, Inc. (NASDAQ: WW) was in 26 hedge fund portfolios. Its all time high statistics is 37. WW delivered a 15.41% return YTD.
Our calculations show that WW International, Inc. (NASDAQ: WW) does not belong in our list of the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
