Should You Consider Buying Williams-Sonoma (WSM) Shares?

Vltava Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In its Q4 2021 investor letter, Vltava Fund described 2021 as a year of very strong growth in profitability among the companies they own in their portfolio, as the profits of the companies they hold grew even faster than did the Fund’s NAV. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Vltava Fund, in its Q4 2021 investor letter, mentioned Williams-Sonoma, Inc. (NYSE: WSM) and discussed its stance on the firm. Williams-Sonoma, Inc. is a San Francisco, California-based retail company with an $11.0 billion market capitalization. WSM delivered a -10.80% return since the beginning of the year, while its 12-month returns are up by 39.83%. The stock closed at $150.86 per share on January 07, 2022.

Here is what Vltava Fund has to say about Williams-Sonoma, Inc.  in its Q4 2021 investor letter:

“There were two new additions to the portfolio last year –  (including) shares of the retail company Williams-Sonoma. I mentioned both purchases already in the previous newsletter to shareholders. At first sight, these were only minor changes. There were many more transactions in the portfolio over the past year, however. Most purchases were directed to shares we have already held in the portfolio. We have been purchasing virtually all the stocks we hold, many of them repeatedly. While we are by no means opposed to anything new and always are looking for new investment opportunities, we generally tend to gravitate to what we already have in the portfolio, to what we know well, and moreover what we see is working out well.”

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Based on our calculations, Williams-Sonoma, Inc. (NYSE: WSM) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. WSM was in 31 hedge fund portfolios at the end of the third quarter of 2021, compared to 34 funds in the previous quarter. Williams-Sonoma, Inc. (NYSE: WSM) delivered a -11.79% return in the past 3 months.

IIn November 2021, we published an article that includes WSM in the 10 Dividend Stock Picks of Ira Unschuld’s Brant Point Investment. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.