Long-Term Growth is NZS Capital’s Goal for its Ball Corp. (BLL) Investment

NZS Capital LLC, an investment management firm, published its “NZS Capital Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here.  A return of 6.87% was reported by the fund for the Q1 of 2021, outperforming its global market index benchmark that delivered a 4.78% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

NZS Capital LLC, in their Q1 2021 investor letter, mentioned Ball Corporation (NYSE: BLL) and shared their insights on the company. Ball Corporation is a Broomfield, Colorado-based sustainable aluminum packaging provider and aerospace company that currently has a $29.7 billion market capitalization. Since the beginning of the year, BLL delivered a -2.82% return, while its 12-month gains are up by 33.55%. As of April 15, 2021, the stock closed at $90.55 per share.

Here is what NZS Capital LLC has to say about Ball Corporation in their Q1 2021 investor letter:

“Our bottom contributors in the first quarter included several companies that are perceived to be less advantaged by shifting behavior after the economy reopens. These included Ball Corp. We added to Ball Corp in the quarter as we view their long-term prospects in aluminum cans and aerospace to be strengthening, and we are less focused on the short-term potential impact of people shifting back to consuming beverages at restaurants instead of in the home.”

Pixabay/Public Domain

Our calculations show that Ball Corporation (NYSE: BLL) 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, Ball Corporation was in 44 hedge fund portfolios, compared to 33 funds in the third quarter. BLL delivered a 0.69% 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.