Curreen Capital recently released its Q1 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 36.7% for the quarter, outperforming their benchmark, the S&P 500 Index which returned 6.17% in the same quarter. You should check out Curreen Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Kontoor Brands Inc. (NYSE:KTB) is one of them. Kontoor Brands Inc. (NYSE:KTB) is a clothing company. In the last three months, Kontoor Brands Inc. (NYSE:KTB) stock gained 22%. Curreen Capital cared to mention Kontoor Brands Inc. (NYSE:KTB) in its investor letter, though they didn’t say why they really like the stock. All they said is this:
“Kontoor designs inexpensive jeans, primarily for North American consumers. Kontoor spun out of VF Corp in May 2019. Kontoor does not grow, and its returns on capital are about 20%. Management uses free cash flow to repay debt and pay a dividend.”
Curreen Capital has been a long time Kontoor Brands Inc. (NYSE:KTB) bull. In October 2020, we shared Curreen Capital KTB’s thesis in this article.
In Q3 2020, the number of bullish hedge fund positions on Kontoor Brands Inc. (NYSE:KTB) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Kontoor Brands Inc. (NYSE:KTB) isn’t ranked among the 30 most popular stocks among hedge funds.
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.
