30% Upside in This 'Stealth Bull Market': Portfolio Manager

I’m bullish on the markets and this is a great time for investors to get in, said Mark Mulholland, portfolio manager at Matthews 25 Fund. He shared his top holdings now.

“We’re a multi-cap fund so we’re across the spectrum in a lot of different stocks,” Mulholland told CNBC.

Mulholland said he’s been bullish since the market turned in March and called the current environment a “stealth bull market.”

“People have been net sellers of stocks for 3.5 years,” he noted. “We have a long way to go when the general population starts coming back into the market...this is a great wealth-building period.”

Based on valuations, Mulholland said there’s still a 30 percent upside to stocks.

Mulholland’s Top Holdings:



Polaris Industries

Goldman Sachs

Kansas City Southern

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Mulholland owns shares of AAPL, CAB, PII, GS, KSU, EP, EWBC and KKR in his fund.