Weitz Investment Management, a boutique employee-owned firm, published its ‘Weitz Value Fund’ third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 11.50% was recorded by the fund for the Q3 of 2020, above both its S&P 500 benchmark that returned 8.93% and the Russell 1000 Index that returned 9.47%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Weitz Partners, in their Q3 2020 Investor Letter said that they acquired a position in Fidelity National Information Services, Inc. (NYSE: FIS) because of the attractive improvements in the company. Fidelity National Information Services, Inc. is a company that offers a wide range of financial products and services that currently has an $80.61 billion market cap. For the past 3 months, FIS delivered a -8.13% return and settled at $128.06 per share at the closing of January 19th.
Here is what Weitz Partners has to say about Fidelity National Information Services, Inc. in their Investor Letter:
“We added one “meat and potatoes” stock during the quarter, Fidelity National Information Services (FIS). We owned this leading core bank and payment processor in the mid-2010s, so our team knows the company and industry well. FIS acquired Worldpay last year, adding to the company’s capabilities, strengthening its moat, and enhancing its profit growth story. FIS is riding several industry tailwinds, and for the next few years has the chance to power through any broader economic turbulence. While the risk/reward skew is favorable, the stock is more likely to be a role-playing grinder than a superstar.”
Last November 2020, we published an article telling that Fidelity National Information Services, Inc. (NYSE: FIS) was in 88 hedge fund portfolios. Its all time high statistics is 111. FIS delivered a huge -8.33% return YTD.
As of September 2020, Weitz Partners had a 256K share position in FIS that amounted to $37.6 million. Our calculations also showed that Fidelity National Information Services, Inc. (NYSE: FIS) was ranked 29th among 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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