Davis Funds, an investment management firm, published its “Davis Global Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 23.06% was recorded by the fund for the Q4 of 2020, outperforming its MSCI ACWI benchmark that delivered a 16.25% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis Global Fund, in their Q4 2020 investor letter, mentioned Carrier Global Corporation (NYSE: CARR) and shared their insights on the company. Carrier Global Corporation is a Palm Beach Gardens, Florida-based heating, ventilation, and air conditioning company that currently has a $37 billion market capitalization. Since the beginning of the year, CARR delivered a 12.88% return, impressively extending its 12-month gains to 179.21%. As of April 05, 2021, the stock closed at $42.58 per share.
Here is what Davis Global Fund has to say about Carrier Global Corporation in their Q4 2020 investor letter:
“Resilient cyclicals such as Carrier Global have since rebounded, while at first negatively impacted by the recession, as U.S. GDP fell by 9% year-over-year in the second quarter of 2020, and some even have benefited from certain aspects of the pandemic world. Carrier, the leader in heating and ventilation systems, for example, has seen demand for home and workplace air filters rise.”
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Our calculations show that Carrier Global Corporation (NYSE: CARR) 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, Carrier Global Corporation was in 52 hedge fund portfolios, compared to 49 funds in the third quarter. CARR delivered a 12.23% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
