Is it ‘Take Profit’ Season for Oracle Corporation (ORCL)?

Distillate Capital, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. Distillate Capital’s U.S. and International Fundamental Stability & Value strategies returned -1.49% and -7.06% on a net of fees basis for the quarter, respectively. The U.S. portfolio lagged its S&P 500 benchmark by around 2.1% in the quarter, causing the year-to-date performance to trail that benchmark by around 2.2%. The international portfolio likewise lagged its benchmark, the iShares MSCI ACWI ex-US ETF, in the quarter, and year-to-date performance is trailing the benchmark by a more substantial 6.6% after outperformance of around 8.0% last year. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Distillate Capital, in its Q3 2021 investor letter, mentioned Oracle Corporation (NASDAQ: ORCL) and discussed its stance on the firm. Oracle Corporation is an Austin, Texas-based computer software company with a $236.7 billion market capitalization. ORCL delivered a 37.04% return since the beginning of the year, while its 12-month returns are up by 37.66%. The stock closed at $88.65 per share on December 29, 2021.

Here is what Distillate Capital has to say about Oracle Corporation  in its Q3 2021 investor letter:

“The largest exited positions were Oracle, which outperformed significantly, and Texas Instruments and Honeywell, which were roughly flat versus the market in the quarter but were edged out for inclusion by other stocks that became even more attractively valued.”

Photo by David Vives on Unsplash

Based on our calculations, Oracle Corporation (NASDAQ: ORCL) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. ORCL was in 56 hedge fund portfolios at the end of the third quarter of 2021, compared to 55 funds in the previous quarter. Oracle Corporation (NASDAQ: ORCL) delivered a -2.85% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on ORCL in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.