10 Stocks To Buy According To William Dollens’ Global Frontier Investments

Published January 12, 2022 at 10:01 am EST Updated August 19, 2026 at 7:00 am EDT

In this article, we discuss 10 stocks to buy according to William Dollens’ Global Frontier Investments.

William Dollens founded Global Frontier Investments in October 2010, and currently serves as the portfolio manager at the investment and asset management firm. He oversees $137 million in managed 13F securities and assets under management worth $232.4 million, as of the 13F filings for the third quarter.

Dollens was a student of biomedical engineering at Duke University, graduating with a Bachelor’s degree in 2001. He started his career as an analyst at Deutsche Bank Aktiengesellschaft (NYSE:DB) in 2001, switching to BA Venture Partners a year later as an associate. He took a career gap from 2006 to 2008 to complete his MBA from Kellogg School of Management at Northwestern University, where he specialized in accounting, analytical finance, management, and strategy.

After working at Ayer Capital Management as an analyst, Dollens left the company in 2010 to start his own investment firm, Global Frontier Investments. Dollens also serves as a non-executive director on the board of WANdisco plc (LSE:WAND.L), as a board member at ColdQuanta, Inc., and as a board member and non-executive director at Napster Group PLC (LSE:NAPS.L).

About 85% of Dollens’ Q3 portfolio is concentrated in the finance sector, with the largest holding being JPMorgan Chase & Co. (NYSE:JPM), which accounts for 29.26% of Dollens’ 13F portfolio. The remainder of the investment portfolio comprises stocks from the communications, information technology, and healthcare sectors.

Some of the top finance stocks in William Dollens’ Global Frontier Investments’ portfolio at the end of the third quarter were The Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Berkshire Hathaway Inc. (NYSE:BRK-A), and Wells Fargo & Company (NYSE:WFC), among others discussed in detail below. The top ten holdings comprise 80.64% of the investment portfolio.

10 Stocks To Buy According To William Dollens' Global Frontier Investments

Our Methodology

With this context in mind, let’s take a look at our list of the 10 stocks to buy according to William Dollens’ Global Frontier Investments. The list is ranked according to Dollens’ stake value in each stock. To facilitate potential investors, we have also mentioned the hedge fund sentiment around each stock, Q3 earnings, and the latest analyst ratings.

William Dollens’ Global Frontier Investments’ Top Stocks

10. Accenture plc (NYSE:ACN)

Global Frontier Investments’ Stake Value: $4,799,000

Percentage of Global Frontier Investments’ 13F Portfolio: 3.50%

Number of Hedge Fund Holders: 56

Accenture plc (NYSE:ACN) is a multinational company from Ireland, specializing in IT services and consulting. Global Frontier Investments, at the end of September, owned 15,000 shares in Accenture plc (NYSE:ACN), worth $4.79 million, representing 3.50% of the firm’s 13F portfolio. The company is making big strides, expanding via numerous acquisitions as of October of this year, taking over e-commerce, tech, and artificial intelligence companies.

At the end of the third quarter of 2021, 56 hedge funds in Insider Monkey’s database of elite funds were bullish on Accenture plc (NYSE:ACN), up from 52 in the preceding quarter. Nicolai Tangen’s Ako Capital is the leading stakeholder in Accenture plc (NYSE:ACN), with 2.24 shares worth over $718 million.

Here is what Fiduciary Management has to say about Accenture plc (NYSE:ACN) in their Q1 2021 investor letter:

“Even great companies can get too expensive. In early January, we sold our long-standing position in Accenture PLC after the company’s valuation exceeded 30 times next 12 months (NTM) earnings per share (EPS). We originally invested in Accenture at the launch of the FMI International strategy at a valuation below 15 times NTM EPS and held the stock for over ten years. We added to the holding numerous times in the early years, growing the position size to as high as 5.5% in late 2014, before dialing it back in recent years as the valuation became less compelling. It is one of the world’s largest information technology services firms, specializing in helping complex, global businesses navigate disruption, and focusing on next-generation services like digital, cloud, and security. For years, the investment allowed FMI to capture the inherently higher growth of technology-related industries (GDP+) without investing directly in pure “invention-oriented” technology companies. Through Accenture we were able to avoid some of the shortfalls of tech investing: technology obsolescence, short product cycles, and subpar return on invested capital (ROIC). It grew steadily, was solidly profitable, capital-light, and generated high returns, all while maintaining a rock-solid balance sheet. It compounded its business value for many years, outperforming the MSCI EAFE indices by over 450% during our holding period. Unfortunately, the market increasingly recognized the company’s positive attributes, and the stock’s discount to intrinsic value slowly evaporated. Despite our admiration for the business, it exceeded our valuation threshold. We will continue to follow the company closely for future opportunities.”

9. Bank OZK (NASDAQ:OZK)

Global Frontier Investments’ Stake Value: $5,372,000

Percentage of Global Frontier Investments’ 13F Portfolio: 3.91%

Number of Hedge Fund Holders: 22

Bank OZK (NASDAQ:OZK) is a regional bank in Arkansas, operating across ten states, offering treasury services, retail banking, and commercial banking. Global Frontier Investments, at the end of September this year, held a $5.37 million stake in Bank OZK, making up 3.91% of the firm’s 13F portfolio.

Bank OZK, a top stock pick of William Dollens’ Global Frontier Investments, reported Q3 earnings on October 21, and the EPS for the quarter came in at $1.00, beating estimated EPS by $0.03. Revenue for Bank OZK was also more than analysts’ had expected. At $275.05 million, the revenue beat estimates by $8.12 million.

At the end of the third quarter of 2021, 22 hedge funds monitored by Insider Monkey were bullish on Bank OZK, up from 19 in the previous quarter.

Bank OZK reported on October 1 that it had increased the quarterly dividend by 1.75% as compared to the preceding quarter.

Here is what Diamond Hill Capital has to say about Bank OZK in its Q1 2021 investor letter:

“Second-largest holding Bank OZK has grown to be a respected partner in commercial real estate development. Its real estate specialty group tackles highly complex real estate transactions and is a conservative underwriter, as shown by its minimal credit losses over many years of experience.”

8. Cadence Bank (NYSE:CADE)

Global Frontier Investments’ Stake Value: $5,490,000

Percentage of Global Frontier Investments’ 13F Portfolio: 4.00%

Number of Hedge Fund Holders: 24

Cadence Bank (NYSE:CADE) is an American private bank, with branches in Alabama, Florida, Texas, Mississippi, Georgia, and Tennessee. At the end of September, Global Frontier Investments held 250,000 shares in Cadence Bank, valued at $5.49 million, representing 4% of the firm’s Q3 portfolio. It is one of William Dollens’ Global Frontier Investments’ top stocks.

Reports on October 29 confirmed that the merger between Cadence Bank and BancorpSouth Bank (NYSE:BXS) was finalized, which will make the combined bank holding company the sixth largest bank in the nine-state area that it operates in.

Truist analyst Jennifer Demba on November 1 assumed coverage of Cadence Bank with a Buy rating and a $35 price target. She believes that Cadence Bank’s shares are very attractive due to the merger with BancorpSouth Bank, owing to the larger balance sheet and increased asset portfolio.

Diamond Hill Capital, a leading hedge fund managed by Ric Dillon, is the largest stakeholder in Cadence Bank. Overall, 24 hedge funds reported owning stakes in Cadence Bank at the end of Q3.

In addition to The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Berkshire Hathaway Inc., and Wells Fargo & Company, Cadence Bank is one of the top stocks in William Dollens’ portfolio for the third quarter.

7. The Goldman Sachs Group, Inc. (NYSE:GS)

Global Frontier Investments’ Stake Value: $5,670,000

Percentage of Global Frontier Investments’ 13F Portfolio: 4.13%

Number of Hedge Fund Holders: 74

The Goldman Sachs Group, Inc. is a prominent holding of Global Frontier Investments as of September 2021. Global Frontier Investments holds a $5.67 million stake in The Goldman Sachs Group, Inc., which accounts for 4.13% of the firm’s Q3 portfolio.

The financial services mega company reported Q3 earnings on October 15, posting earnings per share of $14.93, exceeding estimates by $4.92. The Goldman Sachs Group, Inc.’s revenue for the third quarter also surpassed expectations by $1.99 billion at $13.61 billion.

On October 18, an RBC Capital analyst raised the price target on The Goldman Sachs Group, Inc. from $370 to $435, and kept a Sector Perform rating on the stock.

At the end of the third quarter, 74 hedge funds in the database of Insider Monkey reported owning stakes in The Goldman Sachs Group, Inc., down from 61 funds in the preceding quarter. Fisher Asset Management holds a $1.06 billion stake in The Goldman Sachs Group, Inc. at the end of September, making it one of the leading stakeholders of the firm.

Ariel Investments mentioned The Goldman Sachs Group, Inc. in its Q2 2021 investor letter. Here is what they said:

“Goldman Sachs Group Inc. (GS) returned +16.45%. Goldman has posted a series of excellent quarterly results. Merger and equity offering activity has been robust with trading profits bolstered by strong capital market volumes. Goldman’s asset management business has also performed well. Regulators recently moved to allow most large investment banks to return capital to shareholders through dividends and share repurchases. Fundamentally, we think Goldman Sachs is attractively priced at approximately 11 times earnings and a very reasonable multiple of book value.”

6. Arch Capital Group Ltd. (NASDAQ:ACGL)

Global Frontier Investments’ Stake Value: $5,727,000

Percentage of Global Frontier Investments’ 13F Portfolio: 4.17%

Number of Hedge Fund Holders: 31

Arch Capital Group Ltd. (NASDAQ:ACGL) is insurance, reinsurance, and mortgage company from Bermuda, with over 4500 employees and continuously expanding operations. Global Frontier Investments owns 150,000 in Arch Capital Group Ltd., as of the end of September this year. The investment firm’s $5.72 million stake in Arch Capital Group Ltd. accounts for 4.17% of its Q3 portfolio.

Earnings for the third quarter were announced by Arch Capital Group Ltd. on October 27. Earnings per share for the quarter came in at $0.74, beating estimates by $0.39. The revenue missed analysts’ estimates by $145.25 million at $2.08 billion.

Tracy Benguigui from Barclays on October 29 kept an Overweight rating on Arch Capital Group Ltd. after the Q3 performance, raising the price target to $50 from $45.

At the end of the third quarter of 2021, 31 hedge funds in Insider Monkey’s database were long Arch Capital Group Ltd., down from 22 in the preceding quarter.

Like The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Berkshire Hathaway Inc., and Wells Fargo & Company, Arch Capital Group Ltd. is a notable stock held by William Dollens at the end of September.

Here is what Baron Partners Fund has to say about Arch Capital Group Ltd. in its Q1 2021 investor letter:

“Arch Capital Group Ltd. is a specialty insurance company based in Bermuda. The stock increased on quarterly earnings that exceeded investor estimates and 15% growth in its book value per share. Pricing trends are favorable in the property & casualty insurance market, and the outlook for the mortgage insurance business has substantially improved as the economy recovers from last year’s pandemic-related uncertainty. We continue to own the stock because we expect earnings growth to resume and admire Arch’s strong management team and underwriting discipline.”

5. KKR & Co. Inc. (NYSE:KKR)

Global Frontier Investments’ Stake Value: $6,088,000

Percentage of Global Frontier Investments’ 13F Portfolio: 4.44%

Number of Hedge Fund Holders: 56

William Dollens’ Global Frontier Investments, as of the end of September this year, owns 100,000 shares in KKR & Co. Inc., worth $6.08 million, representing 4.44% of the firm’s Q3 investment portfolio. KKR & Co. Inc. is a global investment company dealing in private equity, real estate, credit, energy, and infrastructure via partnerships with hedge funds. KKR & Co. Inc. is one of the top stocks in William Dollens’ portfolio for the third quarter.

KKR & Co. Inc.’s Q3 EPS came in at $1.05, beating estimates by $0.10 on November 2. Revenue for the quarter also exceeded expectations by $108.92 million at $818.58 million.

At the end of the third quarter, 56 out of the 867 hedge funds tracked by Insider Monkey were bullish on KKR & Co. Inc., up from 54 in Q2.

Deutsche Bank analyst Brian Bedell on November 3 raised the price target from $75 to $87, and kept a Buy rating on KKR & Co. Inc., owing to strong Q3 results.

Here is what Vulcan Value Partners has to say about KKR & Co. Inc. in its Q2 2021 investor letter:

“KKR & Co. Inc. was also a material contributor during the quarter. This company has deep and growing relationships with capital providers. The company has a stable management fee stream and a proven ability to convert investor capital into a performance fee stream. These attributes contribute to its stable and growing intrinsic values. In addition, the company enjoys nice tailwinds of increasing allocations to private and alternative investments. We are pleased to continue to own KKR & Co.”

4. Alibaba Group Holding Limited (NYSE:BABA)

Global Frontier Investments’ Stake Value: $7,402,000

Percentage of Global Frontier Investments’ 13F Portfolio: 5.40%

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is one of the most popular stocks in Global Frontier Investments’ portfolio at the end of September this year. William Dollens owns 50,000 shares in Alibaba Group Holding Limited, worth $7.40 million, representing 5.40% of Dollens’ 13F portfolio. Alibaba Group Holding Limited is a Chinese multinational tech corporation that is a leading player in the e-commerce, retail, and internet sectors.

As of the end of the third quarter of 2021, 115 hedge funds tracked by Insider Monkey’s database of exclusive funds were bullish on Alibaba Group Holding Limited, up from 146 in the prior quarter.

Jiong Shao, a Barclays analyst, on November 2 initiated coverage of Alibaba Group Holding Limited with a $275 price target and an Overweight rating. The Chinese tech sector is too good of an investment to pass up, according to Shao, and Alibaba Group Holding Limited has the most compelling valuation among the companies observed by Barclays.

Here is what Polen Capital Management has to say about Alibaba Group Holding Limited in its Q2 2021 investor letter:

“Alibaba also detracted from performance as the company continues to remain under regulatory scrutiny from both the Chinese State Administration for Market Regulation on antitrust concerns and the U.S. Securities and Exchange Commission on ADR listing requirements. Despite the regulatory overhang, we believe that Alibaba’s competitive positioning and growth outlook remains intact, even if the company must pay fines or modify some business practices. We viewed the current valuation at <20x next twelve month’s earnings as a compelling opportunity to add to our position. Alibaba is the second largest position in the Portfolio.”

3. Western Alliance Bancorporation (NYSE:WAL)

Global Frontier Investments’ Stake Value: $13,058,000

Percentage of Global Frontier Investments’ 13F Portfolio: 9.52%

Number of Hedge Fund Holders: 29

An Arizona-based banking company, Western Alliance Bancorporation (NYSE:WAL) is one of the top stocks in William Dollens’ portfolio for the third quarter of 2021. Global Frontier Investments owns 120,000 shares in Western Alliance Bancorporation, valued at $13.05 million, representing 9.52% of the firm’s portfolio at the end of September. With a portfolio of assets worth $50 billion, Western Alliance Bancorporation is one of the top-tier American banks, operating nationwide. Western Alliance Bancorporation specializes in customized loans, mortgage, deposit, and treasury management services.

Western Alliance Bancorporation, on October 21, announced earnings for the third quarter. The Q3 EPS was valued at $2.30, beating estimates by $0.05.

Truist analyst Brandon King, on October 25, raised the firm’s price target from $114 to $140, while keeping a Buy rating on Western Alliance Bancorporation, owing to the Q3 earnings beat. The bank holding company is adding more products to its portfolio via strategic acquisitions, which will result in long-term growth potential.

At the end of September, 29 hedge funds were bullish on Western Alliance Bancorporation, up from 28 in the preceding quarter.

2. Berkshire Hathaway Inc. (NYSE:BRK-A)

Global Frontier Investments’ Stake Value: $13,576,000

Percentage of Global Frontier Investments’ 13F Portfolio: 9.90%

Number of Hedge Fund Holders: 106

Billionaire Warren Buffett’s Berkshire Hathaway Inc. is one of William Dollens’ Global Frontier Investments’ top stock picks. Global Frontier Investments owns a $13.5 million stake in Berkshire Hathaway Inc., which represents 9.90% of the firm’s investment portfolio for the third quarter of 2021. Apart from owning popular companies, the conglomerate also has majority stakes in The Kraft Heinz Company (NASDAQ:KHC), American Express Company (NYSE:AXP), The Coca-Cola Company (NYSE:KO), Bank of America Corporation (NYSE:BAC), and Apple Inc. (NASDAQ:AAPL).

As of the third quarter of 2021, 106 hedge funds tracked by Insider Monkey’s database of elite funds reported owning stakes in Berkshire Hathaway Inc.. This is compared to 116 funds holding stakes in the company in the preceding quarter.

Here is what Black Bear Value Partners has to say about Berkshire Hathaway Inc. in its Q3 2021 investor letter:

“Please see the Q1 letter for our Berkshire on a Napkin investment exercise. We have written on it extensively and will save your eyeballs from extraneous reading. Berkshire is very cheap for owning such high-quality businesses and will continue to grind higher and compound value for us.”

1. JPMorgan Chase & Co. (NYSE:JPM)

Global Frontier Investments’ Stake Value: $40,104,000

Percentage of Global Frontier Investments’ 13F Portfolio: 29.26%

Number of Hedge Fund Holders: 101

JPMorgan Chase & Co., a financial services and investment banking company from New York, is the largest holding in William Dollens’ Global Frontier Investments’ Q3 portfolio. The investment firm owns 245,000 shares worth $40.1 million in JPMorgan Chase & Co., representing 29.26% of Global Frontier Investments’ portfolio for the third quarter of 2021.

JPMorgan Chase & Co. reported earnings for Q3 on October 13, and the EPS for the quarter was $3.55, beating estimates by $0.55. JPMorgan Chase & Co.’s revenue also exceeded analysts’ estimates by $12.88 million at $29.65 billion.

Wells Fargo analyst Mike Mayo on October 25 raised the price target on JPMorgan Chase & Co. from $200 to $210, keeping an Overweight rating on the stock. Mayo was confident in the consistently delivered earnings of the investment banking company.

At the end of September, 101 hedge funds monitored by Insider Monkey reported owning stakes in JPMorgan Chase & Co., down from 108 in the previous quarter.

Here is what Vltava Fund has to say about JPMorgan Chase & Co. in its Q3 2021 investor letter:

“While all the previous names could be categorised as founder, continuing, or key shareholders, these last two names fall into the category of hired professional managers. This is actually the most numerous category among the bosses of large companies, but even among them there exist a number of individuals with exceptional long-term track records. In our view, these include also Jamie Dimon and Herman Gref.

We consider JP Morgan to be the strongest, largest, and most profitable bank in the world. It has not always been so, and the fact that it is what it is today can be attributed especially to its CEO Jamie Dimon. Dimon has spent his entire career in banking. He came to JP Morgan in a roundabout way in 2004 after the bank bought Bank One, of which he was CEO at the time. Since early 2006, Dimon has been CEO of the entire JP Morgan.

The quality and strength of JP Morgan under his leadership became fully apparent for the first time in 2008. Not only did JP Morgan help to stabilise the market by taking over the failing Bear Stearns in the spring of that year, but it was the only major US bank that did not require government assistance throughout the Great Financial Crisis and that was highly profitable even in the difficult year of 2008. Today, JP Morgan is even bigger, even more profitable, and even stronger than ever before. Many investors view banks with disdain, but a good bank with good management can be a very good long-term investment. From the time of its merger with Bank One in 2004 through the end of 2020, JP Morgan’s stock has outperformed even the S&P 500 index. The bank has earned a total net profit of USD 330 billion during this period, of which USD 232 billion has been paid out to shareholders in dividends and in share buybacks. I can recommend two books about Jamie Dimon: The House of Dimon and Last Man Standing.”

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