VLTAVA Fund is Betting on Markel Corporation (MKL) Stock
VLTAVA Fund recently released its Q2 2020 Investor Letter, a copy of which you can download here. VLTAVA is a global equity investment fund launched by Daniel Gladis in 2004. You should check out VLTAVA Fund's top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.
In the said letter, VLTAVA highlighted a few stocks and Markel Corp (NYSE:MKL) is one of them. Markel Corp (NYSE:MKL) is an insurance company. Year-to-date, Markel Corp (NYSE:MKL) stock lost 5.2% and on August 11th it had a closing price of $1,093.68. VLTAVA cared to mention Markel Corp (NYSE:MKL) in its investor letter, though they didn't say why they really like the stock. All they said is this:
"Markel is on the one hand expecting higher pay-outs for damages caused by the pandemic (this relates mainly to insurance in the categories for event cancellations and business interruption). On the other hand, it will benefit from rising insurance premiums, which is already visible."
In May, we published an article revealing that Giverny Capital is bullish about Markel Corp (NYSE:MKL) stock. The investment firm highlighted that the company is very much modeled on the example of Berkshire Hathaway.
In Q1 2020, the number of bullish hedge fund positions on Markel Corp (NYSE:MKL) stock decreased by about 14% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Markel's growth potential. Our calculations showed that Markel Corp (NYSE:MKL) isn't ranked among the 30 most popular stocks among hedge funds.
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Video: Top 5 Stocks Among Hedge Funds
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