Horos Asset Management Sells Entire Stake in KKR & Co (NYSE:KKR)

Horos Asset Management recently published its Q4 Investor Letter, which can be downloaded here. A return of 26.3% was recorded by the fund for the Q4 of 2020, outperforming its benchmark index that delivered an 11.9% return.

Horos Asset Management, in their Q4 2020 Investor Letter, said that they sold their entire position in KKR & Co. Inc. (NYSE: KKR) because they no longer find the stock attractive. KKR & Co. Inc. is a global investment firm that currently has a $25.9 billion market cap. For the past 3 months, KKR delivered a 17.30% return and settled at $45.27 per share at the closing of February 8th.

Here is what Horos Asset Management has to say about KKR & Co. Inc. in their Q4 2020 investor letter:

“The exit of KKR was for very different reasons and following a very different performance. In the case of KKR, we sold the entire stake when it became unattractive to us, given the stock’s good performance and the new opportunities that arose.”

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Just recently, we published an article about Greenhaven Road Capital’s bullish investment thesis on KKR & Co. Inc. (NYSE: KKR). In our recent data, the company was in 50 hedge fund portfolios. Its all time high statistics is 56. KKR delivered a 34.88% return in the past 12 months.

Our calculations show that KKR & Co. Inc. (NYSE: KKR) does not belong in our list of 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.