Oakmark Funds Purchased Facebook (FB), Here’s Why it Became Bullish in the Company
Oakmark Funds, an investment management firm, published its “Oakmark Equity and Income Fund” first quarter 2021 investor letter – a copy of which can be seen here. A return of 10.3% was reported by the fund for the Q1 of 2021, outperforming its Lipper Balanced Fund benchmark that delivered a 5.4% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Oakmark Equity and Income Fund, in their Q1 2021 investor letter, mentioned Facebook, Inc. (NASDAQ: FB) and shared their insights on the company. Facebook, Inc. is a Menlo Park, California-based social networking service company that currently has an $887.1 billion market capitalization. Since the beginning of the year, FB delivered a 14.05% return, extending its 12-month gains to 78.24%. As of April 12, 2021, the stock closed at $311.54 per share.
Is Anterix Inc. (ATEX) A Smart Long-Term Buy?
Roubaix Capital LLC, an investment management firm, published its ‘Roubaix Fund Composite’ fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 26.63% was recorded by the fund for the Q4 of 2020, outperforming its HFRI Equity Hedge benchmark that delivered a 14.50% return but below its Russell 2000 index that had a 31.37% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Roubaix Capital, in their Q4 2020 Investor Letter, said that Anterix Inc. (NASDAQ: ATEX) has a strong potential of joining the economy’s upward move post pandemic. Anterix Inc. is a wireless communications applications company that currently has a $713.1 million market cap. For the past 3 months, ATEX delivered a 47.40% return and settled at $40.55 per share at the closing of February 16th.