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 Carlyle Group Inc. (NASDAQ:CG) stock. In its Income Strategy Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Carlyle Group Inc. (NASDAQ:CG) stock. Carlyle Group Inc. (NASDAQ:CG) is a private equity, alternative asset management and financial services company.
On July 17, 2019, Miller Value Partners had released its Income Strategy Q2 2019 investor letter. The investment firm said that Carlyle Group Inc. (NASDAQ:CG) was one of the biggest contributors to its performance in Q2 2019. Carlyle Group Inc. (NASDAQ:CG) stock has posted a return of 5.2% in the trailing one year period, underperforming the S&P 500 Index which returned 15.1% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Carlyle Group Inc. (NASDAQ:CG) stock has fallen by 19.5%.
Let’s take a look at comments made by Miller Value Partners about Carlyle Group Inc. (NASDAQ:CG) 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.
Carlyle reported distributable earnings of $0.25, falling short of street estimates of $0.36 but included a previously accrued $20M, or $0.06 drag, from a clawback in a legacy energy fund. Fee-related earnings beat, however, coming in at $103M in the quarter versus consensus of $100M and remains on track to hit $400M for the full year, implying 15% growth over 2018. Assets under management (AUM) and fee-paying AUM increased 10% and 27%, respectively, year-over-year, and management noted they have completed 97% of their $100B fundraising target with expectations to exceed $100B by 10%. After quarter-end, management confirmed the company will indeed become a C-corp.”
In Q1 2020, the number of bullish hedge fund positions on Carlyle Group Inc. (NASDAQ:CG) stock increased by about 23% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Carlyle’s growth potential. Our calculations showed that Carlyle Group Inc. (NASDAQ:CG) 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
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