In this article, we take a look at the 10 stocks to invest in today according to Robert Richards’ Heathbridge Capital.
Heathbridge Capital has a portfolio value of $332.9 million as of the third quarter of 2021. The fund was founded in 1995 by Robert Richards, with 50 years of experience in stock analysis, equity sales, and portfolio management.
Heathbridge Capital’s investment philosophy is something the fund calls ‘Checkmark Investing,’ defined as a long-term diversified tracking and investment strategy in companies with strong fundamentals and robust growth prospects but low stock prices at the given time when the fund purchases them. It could also be called value investment in more conventional terms.
Heathbridge Capital is invested in a number of different sectors and has a very diversified and differentiated portfolio. The major chunk of its portfolio has investments in technology, financial and basic materials industries. The three most prominent companies that the hedge fund is invested in as of the third quarter of 2021 includes Mastercard Incorporated (NYSE:MA), The Walt Disney Company (NYSE:DIS), and Verizon Communications Inc. (NYSE:VZ).
Photo by Nick Chong on Unsplash
Our Methodology
For our list of the 10 stocks to invest in today according to Robert Richards’ Heathbridge Capital, we’ve picked top 10 stocks from Heathbridge Capital’s third quarter portfolio.
10. Plug Power Inc. (NASDAQ:PLUG)
Heathbridge Capital’s Stake Value: $17.2 million
Percentage of Heathbridge Capital’s 13F Portfolio: 5.17%
Number of Hedge Fund Holders: 20
Heathbridge Capital holds 674,000 shares in Plug Power Inc. (NASDAQ:PLUG) after a 98% increase in stake in the third quarter of 2021. The stake accounts for 5.17% of the hedge fund’s portfolio.
Plug Power Inc. is a US company developing hydrogen fuel cells to replace electric current-based batteries. The company is headquartered in Latham, New York.
9. Danimer Scientific, Inc. (NYSE:DNMR)
Heathbridge Capital’s Stake Value: $18.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 5.52%
Number of Hedge Fund Holders: 21
Danimer Scientific, Inc. (NYSE:DNMR) is a biopolymer manufacturer based in Georgia, US. Danimer Scientific, Inc. manufactures several environment-friendly polymer products, like fibers, film resins, and thermoforming polymers, etc.
Heathbridge Capital holds over 1.1 million shares in the company after a 1% decrease in stake in the third quarter of 2021. Overall, the hedge fund’s stake in the third quarter of 2021 is $18.3 million, down from $28 million in the previous quarter.
8. The Toronto-Dominion Bank (NYSE:TD)
Heathbridge Capital’s Stake Value: $26.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 7.9%
Number of Hedge Fund Holders: 17
The Toronto-Dominion Bank (NYSE:TD) is a Canadian multinational bank and financial corporation offering services like banking and asset management.
Heathbridge Capital holds 397,650 shares in the corporation after a 2% decrease in stake in the third quarter of 2021. On December 3, Canaccord analyst Scott Chan increased the price target on The Toronto-Dominion Bank to CAD 102.50 from CAD 93.50 and kept a ‘Hold’ rating on the shares.
7. Moderna, Inc. (NASDAQ:MRNA)
Heathbridge Capital’s Stake Value: $26.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 7.9%
Number of Hedge Fund Holders: 49
Moderna, Inc. (NASDAQ:MRNA) is an American biotechnology company headquartered in Cambridge, Massachusetts. Moderna, Inc. is involved in the research and development of mRNA vaccine-based treatments for several illnesses.
Heathbridge Capital holds 68,375 shares in the company after a 44% decrease in stake in the third quarter of 2021. Coatue Management is the leading stakeholder in the biotechnology company with 6 million shares in the third quarter of 2021.
6. Hudbay Minerals Inc. (NYSE:HBM)
Heathbridge Capital’s Stake Value: $27.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.2%
Number of Hedge Fund Holders: 13
Hudbay Minerals Inc. (NYSE:HBM) is a Canadian mining company headquartered in Toronto, Ontario. The company is primarily focused on Copper concentrates. Heathbridge Capital holds 4.3 million shares in the company after a 3% decrease in stake in the third quarter of 2021.
5. TELUS Corporation (NYSE:TU)
Heathbridge Capital’s Stake Value: $27.6 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.29%
Number of Hedge Fund Holders: 12
TELUS Corporation is a telecommunications company headquartered in Vancouver, British Columbia. Heathbridge Capital holds 1.2 million shares of the company as of the third quarter of 2021 after a 14% decrease in stake.
On November 9, TD Securities analyst Vince Valentini lowered the price target on Telus Corporation to CAD 32 from CAD 33 and kept a ‘Buy’ rating on the shares.
4. Newmont Corporation (NYSE:NEM)
Heathbridge Capital’s Stake Value: $28.2 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.48%
Number of Hedge Fund Holders: 48
Newmont Corporation (NYSE:NEM) is the largest gold mining company in the world. It is an American company headquartered in Denver, Colorado. Heathbridge Capital holds 520,530 shares in the company as of the third quarter of 2021 after a 2% increase in stake.
The stake accounts for 8.48% of the fund’s portfolio.
3. Verizon Communications Inc. (NYSE:VZ)
Heathbridge Capital’s Stake Value: $28.9 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.69%
Number of Hedge Fund Holders: 57
Verizon Communication Inc. is a popular telecommunications company in the US. It is headquartered in New York City. Heathbridge Capital holds 535,775 shares in the company.
On December 9, Verizon announced that the corporation has surpassed its annual target of 14,000 5G Ultra Wideband cell locations, expanding its phone service across the country.
2. TC Energy Corporation (NYSE:TRP)
Heathbridge Capital’s Stake Value: $31.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 9.42%
Number of Hedge Fund Holders: 15
TC Energy Corporation (NYSE:TRP) is a Canadian multinational energy company that develops energy infrastructure like gas and liquid fuel pipelines in North America and Mexico. Heathbridge Capital holds 652,515 shares in the company as of the third quarter of 2021, after a decrease of stake by 3%. TD Securities analyst Linda Ezergailis lowered the price target on TRP stock to CAD 72 from CAD 73 and kept a ‘Buy’ rating on the shares.
1. Manulife Financial Corporation (NYSE:MFC)
Heathbridge Capital’s Stake Value: $32.4 million
Percentage of Heathbridge Capital’s 13F Portfolio: 9.72%
Number of Hedge Fund Holders: 15
Manulife Financial Corporation (NYSE:MFC) is a Canadian financial company headquartered in Toronto, Ontario, with over 1.6 million shares owned by Heathbridge Capital after the hedge fund decreased the stake by 4%.
On November 17, National Bank analyst Gabriel Dechaine raised the price target on Manulife Financial Corporation to CAD 28 from CAD 27 and kept a ‘Sector Perform’ rating on the shares.
You can also take a peek at Analysts Are Recommending These 10 Stocks for 2022 and 10 Canadian Dividend Stocks to Buy for 2022.
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This article is originally published at Insider Monkey.
