Ariel Investments: “CBRE Group (CBRE) Demonstrated Resilience Through the Pandemic”

Ariel Investments, an investment management firm, published its “Ariel International & Ariel Global Fundthird-quarter 2021 investor letter – a copy of which can be downloaded here. Ariel International Fund returned -4.55% in the third quarter, trailing the MSCI EAFE Net Index which lost -0.45%, and the MSCI ACWI ex-US Net Index which returned -2.99%. Meanwhile, Ariel Global Fund Investor Class returned -3.92% in the third quarter and Ariel Global Fund–Institutional Class delivered a -3.82% return, compared to the MSCI ACWI Index which lost -1.05% for the same quarter. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Ariel International & Ariel Global Fund, in its Q3 2021 investor letter, mentioned CBRE Group, Inc. (NYSE: CBRE) and discussed its stance on the firm. CBRE Group, Inc. is a Dallas, Texas-based real estate company with a $34.0 billion market capitalization. CBRE delivered a 62.23% return since the beginning of the year, while its 12-month returns are up by 60.77%. The stock closed at $101.75 per share on December 17, 2021.

Here is what Ariel International & Ariel Global Fund has to say about CBRE Group, Inc.  in its Q3 2021 investor letter:

“CBRE Group (NYSE: CBRE) is the world’s largest commercial real estate services and investment firm, with leading global market positions in leasing, property sales, occupier outsourcing and valuation businesses. Founded in San Francisco in 1906, CBRE Group operates in more than 100 countries and its diversified client base includes more than 90 of the Fortune 100 companies. As of June 30, 2021, CBRE Investment Management reported $129.1 billion in assets under management.

CBRE Group demonstrated resilience through the pandemic—stabilizing its revenue base by expanding into new lines of business and categories of clients. The company’s strong fundamentals will support its continued growth, as we expect CBRE to benefit from industry tailwinds during a sustained period of recovery…” (Click here to see the full text)



Based on our calculations, CBRE Group, Inc. (NYSE: CBRE) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. CBRE was in 37 hedge fund portfolios at the end of the third quarter of 2021, compared to 37 funds in the previous quarter. CBRE Group, Inc. (NYSE: CBRE) delivered a 6.23% return in the past 3 months.

Last month, we also shared another hedge fund’s views on CBRE in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.