Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap” fourth quarter 2020 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap, Small Cap and All Cap strategies beat both their primary and secondary benchmarks, while Focus and Focus Plus trailed their primary benchmarks but beat their secondary benchmarks. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Vulcan Value Partners, in their Q4 2020 investor letter, mentioned Oracle Corporation (NYSE: ORCL) and emphasized their views on the company. Oracle Corporation is a Santa Clara, California-based computer technology corporation that currently has a $199.9 billion market capitalization. Since the beginning of the year, ORCL delivered an 8.53% return, extending its 12-month gains to 45.27%. As of March 29, 2021, the stock closed at $71.13 per share.
Here is what Vulcan Value Partners has to say about Oracle Corporation in their Q4 2020 investor letter:
“We sold Oracle Corp. during the quarter. We owned Oracle for many years, and the company is continuing to successfully transition its business to the cloud. Significant price volatility provided an opportunity to improve the weighted average price to value ratio of our portfolio, so we followed our discipline and exited Oracle to redeploy capital to more discounted companies.”
Our calculations show that Oracle Corporation (NYSE: ORCL) 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, Oracle Corporation was in 52 hedge fund portfolios, compared to 56 funds in the third quarter. ORCL delivered a decent 8.92% return in the past 3 months.