ClearBridge Investments, an investment management firm, published its “Mid Cap Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Mid Cap Strategy outperformed its Russell Midcap Index during the first quarter. On an absolute basis, the Strategy had gains across 10 of the 11 sectors in which it was invested during the quarter.. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned Marvell Technology, Inc. (NASDAQ: MRVL), and shared their insights on the company. Marvell Technology, Inc. is a Hamilton, Bermuda-based semiconductor company that currently has a $31.8 billion market capitalization. Since the beginning of the year, MRVL delivered a -0.76% return, while its 12-month gains are up by 31.46%. As of June 03, 2021, the stock closed at $47.18 per share.
Here is what ClearBridge Investments has to say about Marvell Technology, Inc. in its Q1 2021 investor letter:
“We also purchased Marvell Technology Group, in the IT sector, a semiconductor maker with exposure to the fast growing 5G and data center markets whose shares sold off in the latest rotation out of growth stocks. Marvell just acquired data center supplier Inphi, a name we have held in other ClearBridge portfolios, which should increase the chipmaker’s cross-selling opportunities in a strong demand environment for chips.”
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Our calculations show that Marvell Technology, Inc. (NASDAQ: MRVL) 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, Marvell Technology, Inc. was in 33 hedge fund portfolios, compared to 40 funds in the fourth quarter of 2020. MRVL delivered a 13.66% 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.
