U.S. markets close in 1 hour 34 minutes
  • S&P 500

    4,404.70
    +3.24 (+0.07%)
     
  • Dow 30

    34,969.12
    -89.40 (-0.25%)
     
  • Nasdaq

    14,755.21
    +94.64 (+0.65%)
     
  • Russell 2000

    2,214.24
    +22.41 (+1.02%)
     
  • Crude Oil

    72.42
    +0.77 (+1.07%)
     
  • Gold

    1,797.10
    -2.70 (-0.15%)
     
  • Silver

    24.84
    +0.20 (+0.80%)
     
  • EUR/USD

    1.1812
    -0.0014 (-0.12%)
     
  • 10-Yr Bond

    1.2540
    +0.0200 (+1.62%)
     
  • GBP/USD

    1.3883
    +0.0004 (+0.03%)
     
  • USD/JPY

    110.1160
    +0.3490 (+0.32%)
     
  • BTC-USD

    39,609.25
    +1,934.12 (+5.13%)
     
  • CMC Crypto 200

    927.99
    -1.94 (-0.21%)
     
  • FTSE 100

    7,016.63
    +20.55 (+0.29%)
     
  • Nikkei 225

    27,581.66
    -388.56 (-1.39%)
     

ClearBridge Reduced its Microsoft (MSFT) Position

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Value Strategy underperformed its Russell 1000 Value Index benchmark during the first quarter. On an absolute basis, the Strategy had gains in 10 of 11 sectors in which it was invested for 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 Microsoft Corporation (NASDAQ: MSFT), and shared their insights on the company. Microsoft Corporation is a Redmond, Washington-based technology company that currently has a $1.9 trillion market capitalization. Since the beginning of the year, MSFT delivered a 13.56% return, extending its 12-month gains to 33.07%. As of June 08, 2021, the stock closed at $252.57 per share.

Here is what ClearBridge Investments has to say about Microsoft Corporation in its Q1 2021 investor letter:

"As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. We have materially reduced our exposure to Microsoft over recent quarters, purely based on valuation, as company fundamentals remain robust."

Microsoft Corporation (NASDAQ:MSFT), Microsoft Surface Pro tablet, laptop, corporation, Windows
Microsoft Corporation (NASDAQ:MSFT), Microsoft Surface Pro tablet, laptop, corporation, Windows

Pieter Beens / Shutterstock.com

Our calculations show that Microsoft Corporation (NASDAQ: MSFT) ranks 2nd in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the first quarter of 2021, Microsoft Corporation was in 251 hedge fund portfolios, compared to 258 funds in the fourth quarter of 2020. MSFT delivered an 8.04% 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.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.

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