Here’s Why Compass Minerals (CMP) Landed in Bernzott’s Top Detractors List

Bernzott Capital Advisors, an investment management firm, published its fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 24.41% was recorded by the fund in the fourth quarter of 2020, below its  R2000V and R2500V benchmarks that delivered a 33.36% and 28.51% return respectively in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Bernzott Capital Advisors, in their Q4 2020 investor letter, mentioned Compass Minerals International, Inc. (NYSE: CMP) and emphasized their views on the company. Compass Minerals International, Inc. is a Overland Park, Kansas-based company that currently has a $2.1 billion market capitalization. Since the beginning of the year, CMP delivered a 0.91% return, impressively extending its 12-month gains to 60.43%. As of March 23, 2021, the stock closed at $62.28 per share.

Here is what Bernzott Capital Advisors has to say about Compass Minerals International, Inc. in their Q4 2020 investor letter:

“Compass Minerals International (CMP): The stock gained 5%, normally not a bad outcome, but that stacks up poorly against many Materials stocks such as steel producers, which rebounded strongly after a couple of years of poor performance.”

Mark Agnor/

Our calculations show that Compass Minerals International, Inc. (NYSE: CMP) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Compass Minerals International, Inc. was in 10 hedge fund portfolios, compared to 14 funds in the third quarter. CMP delivered a 0.19% return in the past 3 months.