ClearBridge Investments, an investment management company, has published an investor letter “Large Capitalization Growth Strategy” in the first quarter of 2021, a copy of which can be downloaded here. ClearBridge’s large-cap growth strategy in the first quarter was below the benchmark for the Russell 1000 Growth Index. In absolute terms, the Strategy made a profit in four out of eight sectors in which it was invested (out of 11 sectors in total). You can browse the top 5 assets of the fund to find out about their maximum rates for 2021.
ClearBridge Investments mentioned Facebook, Inc. in its letter to investors for the first quarter of 2021. (NASDAQ: FB) and shared her opinion of the company. Facebook, Inc. is a social media company in Menlo Park, California with a market cap of $ 936.4 billion. Since the beginning of the year, FB has posted a return of 20.90%, increasing its 12-month profit to 47.15%. As of June 9, 2021, the price closed at $ 330.25 per share.
Here’s what ClearBridge Investments reports on Facebook, Inc. in his letter to investors for the first quarter of 2021:
“Throughout the quarter, we continued to build on our 2020 lessons as we aimed to increase portfolio returns. We have also made adjustments to the top 10 portfolio assets to increase the proportion of selected stocks, including Facebookreducing our weight to stable names, which now account for 47% of the portfolio. Our repositioning so far has been encouraging, with the portfolio performing better on up-market days while maintaining a good hold down during the more turbulent sessions. ”
Our calculations show that Facebook, Inc. (NASDAQ: FB) tops our list of the 30 most popular hedge fund stocks. As of the end of the first quarter of 2021, Facebook, Inc. 257 hedge fund portfolios versus 242 in the fourth quarter of 2020. Over the past 3 months, the profitability of FB was 20.58%.
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