Ryan Batchelor at Morningstar.com compiles a semi-regular article on the insights of a number of mutual fund shareholder letters.

Mutual fund managers are required to publish quarterly reports usually accompanied by a letter to shareholders that is written by the portfolio managers. These letters are often packed with rich content, offering professional insight into the markets and individual stocks. The letters also serve as a great fix for stock junkies who hope to glean a keen insight from investment managers and perhaps find a good pick or two along the way.

The list is peppered with value or contrarian managers, who by and large do not currently find a great deal of value in the stock market . Although they believe that higher quality stocks are the most undervalued sector of the market. Batchelor has also compiled a list of stocks that are favored by these investors. While links to the actual shareholder letters would be helpful, the article is worth a look for individual stock investors.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.