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Fiduciary Management: “Among Service Providers, Schlumberger (SLB) is the Gold Standard”

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Jose Karlo Mari Tottoc
·3 min read
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Fiduciary Management Inc., an investment management firm, published its “International Equity” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 7.2% (currency hedged) was reported by the FMI International portfolios for the Q1 of 2021, compared to its MSCI EAFE benchmark that delivered a 7.59% return in local currency (LOC) and 3.48% in U.S. Dollars (USD) over the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Fiduciary Management, in their Q1 2021 investor letter, mentioned Schlumberger Limited (NYSE: SLB) and shared their insights on the company. Schlumberger Limited is a Houston, Texas-based oilfield services company that currently has a $37.3 billion market capitalization. Since the beginning of the year, SLB delivered a 22.08% return, extending its 12-month gains to 89.68%. As of April 14, 2021, the stock closed at $27.31 per share.

Here is what Fiduciary Management has to say about Schlumberger Limited in their Q1 2021 investor letter:

"Among service providers, Schlumberger is the gold standard, given the breadth and value-added nature of their products, technology and services, exposure to the entire lifecycle of the well, and broad geographic exposure. They are also a leader in emerging carbon-neutral technologies, which is becoming an increasing area of focus for the industry. While the company has disappointed in recent years, we believe the outlook is bright."

Top Energy Dividend Stocks
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Our calculations show that Schlumberger Limited (NYSE: SLB) 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, Schlumberger Limited was in 50 hedge fund portfolios, compared to 53 funds in the third quarter. SLB delivered a 2.85% 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.