Vulcan Value Partners, an exclusive investment vehicle for all public equity investments, published its ‘Small Cap Composite’ third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A gross return of 0.1% was recorded by the fund for the Q3 of 2020, below its Russel 2000 Value Index benchmark that returned 2.6% and Russel 2000 index that returned 4.9%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Vulcan Value Partners, in their Q3 2020 Investor Letter said that Cushman & Wakefield plc (NYSE: CWK) was a material detractor for the firm and so they were forced to exit their position in the company. Cushman & Wakefield plc is a global commercial real estate services firm that currently has a $3 billion market cap. For the past 3 months, Cushman & Wakefield plc delivered a 23.41% return and settled at $14.18 per share at the closing of January 15th.
Here is what Vulcan Value Partners has to say about Cushman & Wakefield plc in their Investor Letter:
“Cushman & Wakefield plc was a material detractor during the quarter. Cushman and Wakefield is a global commercial real estate services firm. The company can pivot both geographically and within property types and can quickly allocate resources to take advantage of where the market goes. It is one of the larger global providers of real estate services that can offer outsourced services to Fortune 1000 companies, and it is gaining market share. Cushman and Wakefield is an asset-light business and generates robust free cash flow. The company’s earnings are cyclically depressed from the pandemic; however, when the economy begins to recover demand for its services should increase dramatically.”
kurhan/Shutterstock.com
Last December 2020, we published an article telling that Cushman & Wakefield plc (NYSE: CWK) was in 5 hedge funds’ portfolio. Its all time high statistics is 12. CWK delivered a -4.38% return YTD.
As of September 2020, Vulcan Value Partners had a 10.2 million share position in CWK that amounted to $108 million. However, our calculations showed that Cushman & Wakefield plc (NYSE: CWK) does not belong to 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
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 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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.
