Vulcan Value Partners, an exclusive investment vehicle for all public equity investments, published its ‘Small Cap Composite’ third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A gross return of 0.1% was recorded by the fund for the Q3 of 2020, below its Russel 2000 Value Index benchmark that returned 2.6% and Russel 2000 index that returned 4.9%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Vulcan Value Partners, in their Q3 2020 Investor Letter said that Curtiss-Wright Corporation (NYSE: CW) consistently generates positive returns and so they are glad to acquire the company again. Curtiss-Wright Corporation is a global diversified product manufacturer and service provider that currently has a $4.8 billion market cap. For the past 3 months, Curtiss-Wright Corporation delivered a 23.76% return and settled at $116.01 per share at the closing of January 15th.
Here is what Vulcan Value Partners has to say about Curtiss-Wright Corporation in their Investor Letter:
“Curtiss-Wright makes highly engineered systems that perform critical functions in complex industrial applications. Its products include pumps, actuators, valves, and sensors and controls for avionics and landing systems. Curtiss-Wright specializes in making advanced systems designed to operate in harsh conditions. COVID-19 has negatively impacted its commercial aerospace and industrial markets; however, this decline is being offset by its defense business. The company is a leader in most of its end markets, generates consistently high levels of free cash flow, and has a strong balance sheet. Curtiss-Wright is a company we have owned in the past, and we are pleased to have it back in the portfolio.”
Last September 2020, we published an article telling that Curtiss-Wright Corporation (NYSE: CW) was in 26 hedge funds’ portfolio, its all time high statistics. CW delivered a -0.29% return YTD.
As of September 2020, Vulcan Value Partners had a 347k share position in CW that amounted to $32 million. However, our calculations showed that Curtiss-Wright Corporation (NYSE: CW) does not belong to the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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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Disclosure: None. This article is originally published at Insider Monkey.