Weitz Investment Management, an investment management firm, published its “Partners Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +8.37% was recorded by the fund for the first quarter of 2021, outperforming its S&P 500 benchmark that delivered a +6.17% return, and the Russell 3000 Index that gained 6.35% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Weitz Investment Management, in its Q1 2021 investor letter, mentioned ACI Worldwide, Inc. (NASDAQ: ACIW), and shared their insights on the company. ACI Worldwide, Inc. is a Naples, Florida-based payment system company that currently has a $4.6 billion market capitalization. Since the beginning of the year, ACIW delivered a 3.04% return, extending its 12-month gains to 51.20%. As of May 21, 2021, the stock closed at $39.60 per share.
Here is what Weitz Investment Management has to say about ACI Worldwide, Inc. in its Q1 2021 investor letter:
“Our team is continually working to improve the portfolio as we process new information. We reduced the Fund’s ACI Worldwide position as the stock responded to takeover chatter and the growing influence of an activist investor.”
Our calculations show that ACI Worldwide, Inc. (NASDAQ: ACIW) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, ACI Worldwide, Inc. was in 23 hedge fund portfolios, compared to 30 funds in the fourth quarter of 2020. ACIW delivered a -6.67% 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.
