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Here’s Why Lockheed Martin Landed in Vltava Fund’s Detractor List

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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 Lockheed Martin Corporation (NYSE: LMT) and discussed its stance on the firm. Lockheed Martin Corporation is a Bethesda, Maryland-based aerospace company with a $99.3 billion market capitalization. LMT delivered a 1.33% return since the beginning of the year, while its 12-month returns are up by 7.15%. The stock closed at $360.14 per share on January 07, 2022.

Here is what Vltava Fund has to say about Lockheed Martin Corporation in its Q4 2021 investor letter:

"Of course, not all of our companies are doing better than we expected. Lockheed Martin fell somewhat short of our expectations last year. In the cases of Lockheed disruptions in the supply and logistics chains. Lockheed uses a great many subcontractors from various countries and could not avoid issues with continuity of supplies. As a result, production will be slightly lower than we had expected."

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Ruslans Golenkovs/Shutterstock.com

Based on our calculations, Lockheed Martin Corporation (NYSE: LMT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. LMT was in 51 hedge fund portfolios at the end of the third quarter of 2021, compared to 58 funds in the previous quarter. Lockheed Martin Corporation (NYSE: LMT) delivered a 1.81% return in the past 3 months.

In December 2021, we also shared another hedge fund's views on LMT 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.