Skip to Content
Stock Strategist

The Most Recent All-Star Fund Manager Picks

First-quarter fund letters shed light on two key themes--and several top stocks.

Mentioned: , , , , , , , , ,

Once again we're turning to shareholder letters from the mutual fund world for a little free advice. Every quarter, mutual funds are required to publish a list of their holdings, and many portfolio managers also take the time to express their opinions about the markets, individual stocks, or other items on their minds in shareholder letters. Often, they discuss where they see investment opportunities. We love to read the letters from managers we respect in our hunt for gems of opportunity. We've examined a variety mutual funds' first-quarter letters and portfolios to see what these portfolio managers have been thinking and if there are any juicy investment ideas.

As always, when choosing the letters for the quarter, we looked for managers who proclaim a style similar to Morningstar's: looking for stocks that trade below their estimated intrinsic values and providing investors with a margin of safety. While we are not endorsing these mutual funds, these managers follow the examples set by Ben Graham and Warren Buffett. Click on the fund's name to read the individual letters.

Jaime Peters does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.