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Few investors can find all of the best S&P 500 stocks of the year. But some weren’t lucky enough to catch a big share of the worst – and that’s saying something this year.
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Five investors – ETF and mutual fund giants Blackrock (BLK) and Vanguard and small investors Invesco ( IVZ ), Bandera Partners and Artal Group — the 10 worst-performing S&P 1500 stocks this year — are the top performers, according to InvestorBusiness Daily’s analysis of data from S&P Global Market Intelligence and MarketSmith.
And in a year like this, when the S&P 500 is down 19%, that’s really annoying. All the worst stocks this year – like Logistic features (ILPT), Credit tree (TREE) and Diebold Nickdorf (DBD) – reduced by more than 75%.
It was easy to lose money this year.
It was very difficult to lose stocks this year.
Every stock owned by ARK Innovation ( ARKK ), the popular ETF managed by Kathy Wood, has declined this year. And nearly 75% of stocks in the S&P 1500 index, including giants in the S&P 500, are down in 2022.
This year is shaping up to be one for the record books in a bad way, following a fall on December 16. “In 2022, you’re finally done,” Bespoke Investment Group said. “If there’s any doubt about how bad it’s been in a year, the S&P 500’s fall today will lead 2022 to close for the biggest 1% decline in a trading week since 1952, the NYSE has begun its current five-day business week.
But it’s worse for some investors than others.
The lucky investor: Blackrock
One investor was misplaced more than any other: BlackRock.
The giant ETF and mutual fund manager owned six of the 10 worst-performing S&P 1500 stocks this year. The biggest loser was online mortgage marketplace LendingTree, down 84 percent this year. BlackRock owns more than 18% of the company. That’s more than company founder Doug Lebda, who owns 13.6% of the No. 2 company.
BlackRock’s large ownership stake is due to its large holdings of many loss stocks. The firm manages more than $329 billion in total net assets, according to Morningstar Direct. Many of the investment strategies are indexed.
But what’s surprising is that BlackRock is the No. 1 owner of worse stocks than Vanguard, which operates $4.5 trillion in total net assets. Vanguard owns one of the worst performing S&P 500 stocks this year. Although Vanguard owns the No. 1 worst-performing stock of the year: industrial logistics, it’s down 85.3 percent.
Big entry on sinking stocks
What hurts more than owning a collapsing stock? Owning a large piece.
And that’s the case with Luxembourg-based Artal Group, which accounts for 21% of the weight management program operator space. WW International (WW) Shares of the company known by Weight Watchers are down more than 76 percent this year. The stock is struggling as adjusted earnings per share have halved this year.
Avoiding big busts in a year when winning stocks are hard to come by is an achievement in itself.
Top investors in the worst stocks of the year
No. 1 S&P 1500 stocks have fallen the most this year
| Company | sign | Change from year to day | Senior owner | Ownership |
|---|---|---|---|---|
| Industrial logistics assets trust | (ILPT) | -85.3% | Vanguard | 16.6% |
| Credit tree | (tree) | -83.6% | Blackrock | 18.20% |
| Diebold Nickdorf | (DBD) | -80.9% | Blackrock | 14.2% |
| Nektar Therapeutics | (NKTR) | -80.3% | Invesco | 19.4% |
| Bed bath and beyond | (BBB) | -79.6% | Blackrock | 9.8% |
| The joint | (JYNT) | -77.0% | Bandera Partners | 16.99% |
| Different health care trusts | (DHC) | -77.0% | Blackrock | 16.8% |
| Unisys | (UIS) | -76.6% | Blackrock | 16.5% |
| WW International | (WW) | -76.3% | Artal Group | 21.0% |
| Cerence | (CRNC) | -76.1% | Blackrock | 16.7% |
Sources: S&P Global Market Intelligence, IBD
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