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Apollo Global Management (APO) Has Risen 15% in Last One Year, In-line With Markets

If you are looking for the best ideas for your portfolio you may want to consider some of Miller Value Partners top stock picks. Miller Value Partners, an investment management firm, is bullish on Apollo Global Management Inc. (NYSE:APO) stock. In its Income Strategy Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Apollo Global Management Inc. (NYSE:APO) stock. Apollo Global Management Inc. (NYSE:APO) is an investment management company.

On July 17, 2019, Miller Value Partners had released its Income Strategy Q2 2019 investor letter. The investment firm said that Apollo Global Management Inc. (NYSE:APO) was one of the biggest contributors to its performance in Q2 2019. Apollo Global Management Inc. (NYSE:APO) stock has posted a return of 14.6% in the trailing one year period, in-line with the S&P 500 Index which returned 15.1% in the same period. On a year-to-date basis, Apollo Global Management Inc. (NYSE:APO) stock has fallen by 2.3%.

Let’s take a look at comments made by Miller Value Partners about Apollo Global Management Inc. (NYSE:APO) stock in the Q2 2019 investor letter.

“Alternative Asset Managers Carlyle Group (CG) and Apollo Global Management (APO) were both top contributors, rising 24.83% and 23.15%, respectively, over the quarter and in conjunction with the broad equity market.

Apollo Global reported distributable earnings of $0.50, missing consensus estimates of $0.55 due to lower-than-expected advisory and transaction fees. Fee-related earnings and gross realized performance fees were strong at $210M and $64M, respectively. Fee-earning AUM of $228.3B was +6% sequentially and capital raising remained robust with $17B of gross AUM inflows. Permanent capital reached $148B, or 49% of total AUM. Management announced their plans to convert to a C-corp effective 3Q19 and expects no change to the dividend policy.”

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Last month, we published an article revealing Miller Value Partners bullish investment thesis on Apollo Global Management Inc. (NYSE:APO) stock in its Q2 2020 investor letter. This suggests that the investment firm has been bullish for a long time on Apollo Global Management Inc. (NYSE:APO).

In Q1 2020, the number of bullish hedge fund positions on Apollo Global Management Inc. (NYSE:APO) stock increased by about 17% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Apollo Global Management’s growth potential. Our calculations showed that Apollo Global Management Inc. (NYSE:APO) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 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, legal marijuana is one of the fastest growing industries right now, so we are checking out stock pitches like “the Starbucks of cannabis” to identify the next tenbagger. 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 precious metals prices. So, we are checking out this junior gold mining stock. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. 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. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.