Vltava Fund, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. In its Q4 2021 investor letter, Vltava Fund described 2021 as a year of very strong growth in profitability among the companies they own in their portfolio, as the profits of the companies they hold grew even faster than did the Fund’s NAV. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Vltava Fund, in its Q4 2021 investor letter, mentioned Laboratory Corporation of America Holdings (NYSE: LH) and discussed its stance on the firm. Laboratory Corporation of America Holdings is a Burlington, North Carolina-based testing laboratories company with a $27.3 billion market capitalization. LH delivered a -9.21% return since the beginning of the year, while its 12-month returns are up by 33.58%. The stock closed at $285.27 per share on January 07, 2022.
Here is what Vltava Fund has to say about Laboratory Corporation of America Holdings in its Q4 2021 investor letter:
“Three companies that most pleasantly surprised us by their profitability last year (including) LabCorp. LabCorp is earning a lot on COVID-19 PCR tests. While 2 years ago this business did not exist at
all, today it is driving the company’s huge growth in profitability. Although we expect – and hope – that the number of tests performed will drop significantly soon (and by the way, LabCorp is able to do 250,000 of them daily), LabCorp’s profitability over the past 2 years has very pleasantly surprised us.”
Based on our calculations, Laboratory Corporation of America Holdings (NYSE: LH) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. LH was in 58 hedge fund portfolios at the end of the third quarter of 2021, compared to 53 funds in the previous quarter. Laboratory Corporation of America Holdings (NYSE: LH) delivered a 2.49% return in the past 3 months.
In November 2021, we also shared another hedge fund’s views on LH 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.