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Hilton Grand Vacations (HGV) Has Fallen 34% in Last One Year, Underperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Upslope Capital Management’s top stock picks. Upslope Capital Management, an investment management firm, is bullish on Hilton Grand Vacations Inc. (NYSE:HGV) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Hilton Grand Vacations Inc. (NYSE:HGV) stock. Hilton Grand Vacations Inc. (NYSE:HGV) is a hospitality company that develops, owns, markets, operates, or franchises hotels, resorts, and vacation.

On July 15, 2019, Upslope Capital Management had released its Q2 2019 investor letter. Hilton Grand Vacations Inc. (NYSE:HGV) stock has posted a return of -33.6% in the trailing one year period, underperforming the S&P 500 Index which returned 13.4% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Hilton Grand Vacations Inc. (NYSE:HGV) stock has fallen by 38.3%.

In Q2 2019 investor letter, Upslope Capital Management said the fund posted a return of 7.8% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Upslope Capital Management about Hilton Grand Vacations Inc. (NYSE:HGV) stock in the Q2 2019 investor letter.

“New Long – Hilton Grand Vacations (HGV): spun out of Hilton 2.5 years ago, HGV is a leading timeshare operator. HGV is a surprisingly attractive business (strong history of through-the-cycle growth and ROIC), whose stock has already, in our view, priced in decent odds of a recession (read: it looks cheap). Further, in late 2017 HGV embarked on a massive inventory build program that not surprisingly (given cycle worries) spooked investors. As HGV emerges from the trough of this investment cycle over the coming year, we think two things will happen: (1) cash flows and capital returns will accelerate, and (2) the inventory build will prove sensible regardless of the macro backdrop.”

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Kaspars Grinvalds/Shutterstock.com

In Q2 2020, the number of bullish hedge fund positions on Hilton Grand Vacations Inc. (NYSE:HGV) stock increased by about 3% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Hilton Grand Vacations growth potential. Our calculations showed that Hilton Grand Vacations Inc. (NYSE:HGV) 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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Disclosure: None. This article is originally published at Insider Monkey.