Weitz Investment Management, an investment management firm, published its “Partners III Opportunity Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of +7.30% was recorded by the fund for the first quarter of 2021, outperforming its S&P 500 benchmark that delivered a +6.17% return, and the Russell 3000 Index that gained 6.35% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Weitz Investment Management, in its Q1 2021 investor letter, mentioned Dun & Bradstreet Holdings, Inc. (NYSE: DNB), and shared their insights on the company. Dun & Bradstreet Holdings, Inc. is a Short Hills, New Jersey-based business decisioning data and analytics provider that currently has a $9.4 billion market capitalization. Since the beginning of the year, DNB delivered a -11.85% return, while its 3-month gains are down by -6.75%. As of May 21, 2021, the stock closed at $21.95 per share.
Here is what Weitz Investment Management has to say about Dun & Bradstreet Holdings, Inc. in its Q1 2021 investor letter:
“Dun & Bradstreet collects and provides proprietary data used by businesses to understand the credit risk of their counterparties. Under the management of its Chairman Bill Foley and CEO Anthony Jabbour, who both joined the company in 2019, Dun & Bradstreet has moved to modernize its technology, improve its sales and contracting practices, invest in new data and capabilities to enhance its value to customers, and evaluate potential acquisitions to boost each of these efforts.”
Our calculations show that Dun & Bradstreet Holdings, Inc. (NYSE: DNB) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Dun & Bradstreet Holdings, Inc. was in 29 hedge fund portfolios, compared to 32 funds in the fourth quarter of 2020. DNB delivered a -9.75% 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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