First Eagle Investment Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 3.71% was delivered by the fund for the Q1 of 2021. The Fund underperformed the MSCI World Index in the period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
First Eagle Investment Management, in their Q1 2021 investor letter, mentioned Deere & Company (NYSE: DE) and shared their insights on the company. Deere & Company is a Moline, Illinois-based manufacturing company that currently has a $115.4 billion market capitalization. Since the beginning of the year, DE delivered a 36.91% return, extending its 12-month gains to 168.66%. As of April 22, 2021, the stock closed at $368.36per share.
Here is what First Eagle Investment Management has to say about Deere & Company in their Q1 2021 investor letter:
“Leading contributors in the First Eagle Global Fund this quarter included Deere & Company. Agriculture commodities have also been beneficiaries of the improved global economic outlook, with both corn and soybean prices up sharply over the past year. While the better pricing environment has been a tailwind for agricultural equipment maker Deere, we have been duly impressed by the company’s ability to execute on its strategic initiatives. The advanced technologies Deere has been introducing in its precision agriculture portfolio have improved the economics of farming for its customers and bolstered Deere’s operating results.”
Our calculations show that Deere & Company (NYSE: DE) 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, Deere & Company was in 54 hedge fund portfolios, compared to 42 funds in the third quarter. DE delivered a 20.58% 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.
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Disclosure: None. This article is originally published at Insider Monkey.
