In this article, we will discuss the 5 best stocks to invest in according to Clint Murray’s Lodge Hill Capital based on Q1 holdings of the fund. If you want to read our detailed analysis of Murray’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Stocks to Invest In According to Clint Murray’s Lodge Hill Capital.
5. Amazon.com, Inc. (NASDAQ: AMZN)
Murray’s Stake Value: $15,470,000
Percentage of Clint Murray’s 13F Portfolio: 6.08%
Number of Hedge Fund Holders: 243
Amazon.com, Inc. (NASDAQ: AMZN) is a company that sells consumer goods and subscriptions online around the world. Amazon.com, Inc. (NASDAQ: AMZN) was incorporated in 1994 and is placed fifth on the list of 10 stocks to invest in according to Clint Murray’s Lodge Hill Capital. Amazon.com, Inc. (NASDAQ: AMZN) currently has a $1.68 trillion market capitalization.
On August 2, Baxter International Inc. (NYSE: BAX), a medical products company, partnered with Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN), to offer cloud technology solutions. After Amazon posted earnings. Stifel on July 7, said to “buy on dip” and maintained the price target of $4,000. While on July 30, JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com, Inc. (NASDAQ: AMZN) to $4,100 from $4,600 and kept an “Overweight” rating on the shares. Anmuth informs investors in a research note that Amazon.com, Inc. (NASDAQ: AMZN) results “disappointed” in the second quarter of 2021.
The hedge fund chaired by Clint Murray holds 5,000 shares in Amazon.com, Inc. (NASDAQ: AMZN) worth over $15 million, representing 6.08% of their portfolio. Lodge Hill Capital added this stock to its portfolio in the first quarter of 2021. Crake Asset Management is a leading shareholder in Amazon.com, Inc. (NASDAQ: AMZN) with 68,500 shares worth more than $235 billion.
Argosy Investors, in its second quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN). Here is what the fund said:
“So how are our largest holdings affected in a world of higher wage inflation? As a general rule, I will evaluate current and potential future holdings on their capital intensivity and their ability to raise prices. Amazon is now (a part of) our top 5 largest equity holdings. Amazon is a more complex story. Their AWS business is largely a similar story to Facebook. Their first-party retail business is very asset-and labor-intensive given their extensive warehousing footprint. I think Amazon would have more pricing power than any other player, and despite being one of the largest employers in the US, bricks-and-mortar retail is likely still more asset- and labor-intensive than Amazon’s ecommerce footprint. With all that said, overall Amazon’s first-party business would be adversely impacted by inflation, but the combination of Amazon’s AWS and advertising business should provide fairly robust inflation protection.”