Were Hedge Funds Right About The St. Joe Company (JOE)?
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do (like Melvin Capital’s recent GameStop losses). However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, as the current round of 13F filings has just ended, let’s examine the smart money sentiment towards The St. Joe Company (NYSE:JOE).
Were Hedge Funds Right About Texas Pacific Land Trust (TPL)?
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter of 2021. One of these stocks was Texas Pacific Land Trust (NYSE:TPL).
Is
Texas Pacific Land Trust (NYSE:TPL) going to take off soon? Prominent investors were turning bullish. The number of bullish hedge fund positions advanced by 6 in recent months. Texas Pacific Land Trust (NYSE:TPL) was in 17 hedge funds’ portfolios at the end of March. The all time high for this statistic is 17. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that TPL isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings).
Delphi Management Cuts Apple, STORE Capital yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Shirley Won Published January 18, 2021
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Famed U.S. investor Warren Buffett blasted bitcoin as “probably rat poison squared” a few years ago. Despite his comments and bitcoin’s trademark volatility, the world’s most popular cryptocurrency has been gaining more respect.
More U.S. institutions and notable investors – from Bill Miller to Paul Tudor Jones and Stanley Druckenmiller – own bitcoin as digital gold. U.S.-listed Microstrategy Inc. (MSTR-Q) and Square Inc. (SQ-N) have moved cash into bitcoin in their corporate treasuries, while Massachusetts Mutual Life Insurance Co. bought US$100-million in bitcoin for its general investment fund. Here in Canada, some fund managers are finding ways to offer investors exposure to this nascent digital asset as well.
Horizon Kinetics Launches Inflation Beneficiaries Exchange Traded Fund (INFL)
Horizon Kinetics Launches Inflation Beneficiaries Exchange Traded Fund (INFL) Horizon Kinetics LLC announced the launch of its first exchange traded fund (ETF), the Inflation Beneficiaries ETF (INFL), an actively managed fund, which began trading on the New York Stock Exchange (NYSE) today. This active ETF will be managed using the same long-term, value-oriented, and proprietary research-driven philosophy that has guided the management of the Firms other products over the more than 20 years since Horizon Kinetics inception. The ETF seeks to address what Horizon Kinetics sees as the largest threat facing investors: Inflation, by identifying unique, scalable businesses that have the potential to thrive in an inflationary environment. For more information about INFL, please visit https://horizonkinetics.com/products/etf/infl/.