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Should You Be Tempted To ‘Sell’ Crown Holdings (CCK) Stock

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Alex Smith
·3 min read
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Upslope Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The Fund returned 7.9% net of fees for the fourth quarter, as compared to the 24.4% return of the S&P Midcap 400 ETF and 7.8% return of the HFRX Equity Hedge Index. You should check out Upslope Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q4 2020 Investor Letter, Upslope Capital highlighted a few stocks and Crown Holdings Inc (NYSE:CCK) is one of them. Crown Holdings Inc (NYSE:CCK) is a metal can manufacturing company. In the last three months, Crown Holdings Inc (NYSE:CCK) stock gained 3.4% and on January 21st it had a closing price of $94.58. Here is what Upslope Capital said:

"We exited Crown Holdings near the end of the quarter. The business is performing well and an exit feels early. But, CCK was a “Tactical” holding (historically, we’ve been short CCK about as often as long) and thus I am more sensitive to valuation. Today, Crown’s valuation and leverage are relatively full and the long thesis is well-understood by investors."

canned, can, drinks, food, liquid, convey, row, beverage, line, assembly, er, alcohol, conveyor, equipment, energy, beer, packaging, manufacturing, aluminum, production,
canned, can, drinks, food, liquid, convey, row, beverage, line, assembly, er, alcohol, conveyor, equipment, energy, beer, packaging, manufacturing, aluminum, production,

Borkin Vadim/Shutterstock.com

Earlier this month, we published an article revealing that Crown Holdings Inc (NYSE:CCK) was one of the 5 best packaging stocks to buy now.

In Q3 2020, the number of bullish hedge fund positions on Crown Holdings Inc (NYSE:CCK) stock decreased by about 8% from the previous quarter (see the chart here), so a number of other hedge fund managers don't believe in CCK's growth potential. Our calculations showed that Crown Holdings Inc (NYSE:CCK) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 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. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. 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 website:

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