Bernzott Capital’s New Addition: The Howard Hughes Corporation (HHC)

Bernzott Capital Advisors, an investment management company, released its “US Small Cap Value Strategy’’ second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, on a net basis, the fund fell -17.73%, more than the R2000V’s decline of -15.28% and R2500V’s decline of -15.39%. Industrials and healthcare sectors contributed positively to the fund’s relative performance, whereas transportation, materials, and financials sectors hurt the fund’s performance.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Bernzott Capital Advisors discussed stocks like The Howard Hughes Corporation (NYSE:HHC) in the second quarter investor letter. Headquartered in Dallas, Texas, The Howard Hughes Corporation (NYSE:HHC) is a real estate company. On September 8, 2022, The Howard Hughes Corporation (NYSE:HHC) stock closed at $67.32 per share. One-month return of The Howard Hughes Corporation (NYSE:HHC) was -6.80% and its shares lost 24.97% of their value over the last 52 weeks. The Howard Hughes Corporation (NYSE:HHC) has a market capitalization of $3.36 billion.

Here is what Bernzott Capital Advisors specifically said about The Howard Hughes Corporation (NYSE:HHC) in its Q2 2022 investor letter:

“The Howard Hughes Corporation (NYSE:HHC): Master planned communities in attractive markets benefit from population shifts and housing shortages and should provide growth for years to come. Its income-producing commercial real estate assets generate cash flow which support investment and build out of its communities. The stock trades at a discount to NAV and the company is repurchasing shares.”

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The Howard Hughes Corporation (NYSE:HHC) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, The Howard Hughes Corporation (NYSE:HHC) was held by 24 hedge fund portfolios at the end of the second quarter, which was also 24 in the previous quarter.

We discussed The Howard Hughes Corporation (NYSE:HHC) in another article and shared Rhizome Partners’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

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