Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered a return of 12.12% net of fees, outperforming the 6.23% return of the Russell 2000 Index. Security selection contributed to the outperformance of the strategy in the quarter. Furthermore, the strategy benefitted from overweight allocation in Industrials and underweight exposure in Communication Services. For the calendar year, the strategy generated a ‐10.13% net of fees return compared to the Russell 2000 Index’s ‐20.44% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Small Cap Equity Strategy highlighted stocks like Altra Industrial Motion Corp. (NASDAQ:AIMC) in its Q4 2022 investor letter. Headquartered in Braintree, Massachusetts, Altra Industrial Motion Corp. (NASDAQ:AIMC) designs and produces electromechanical power transmission motion control products. On March 24, 2023, Altra Industrial Motion Corp. (NASDAQ:AIMC) stock closed at $61.98 per share. One-month return of Altra Industrial Motion Corp. (NASDAQ:AIMC) was 0.73%, and its shares gained 59.58% of their value over the last 52 weeks. Altra Industrial Motion Corp. (NASDAQ:AIMC) has a market capitalization of $4.051 billion.
Aristotle Small Cap Equity Strategy made the following comment about Altra Industrial Motion Corp. (NASDAQ:AIMC) in its Q4 2022 investor letter:
“Altra Industrial Motion Corp. (NASDAQ:AIMC), a global manufacturer and supplier of motion control, power transmission and automation products, appreciated following an announcement that the company would be acquired by Regal Rexnord Corporation. The merger is expected to close in the first half of 2023 and upon the completion of the transaction, Altra shares will no longer be listed in the public market.”
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Altra Industrial Motion Corp. (NASDAQ:AIMC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 36 hedge fund portfolios held Altra Industrial Motion Corp. (NASDAQ:AIMC) at the end of the fourth quarter which was 15 in the previous quarter.
We discussed Altra Industrial Motion Corp. (NASDAQ:AIMC) in another article and shared Wasatch Small Cap Core Growth Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
