ClearBridge Investments, an investment management firm, published its “Global Growth Strategy” third-quarter 2022 investor letter – a copy of which can be downloaded here. During the third quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. On an absolute basis, the Strategy saw losses across nine of the 10 sectors in which it was invested (out of 11 total) with the consumer discretionary sector the lone contributor while the health care, financials and information technology (IT) sectors were the primary detractors. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.
In its Q3 2022 investor letter, ClearBridge Global Growth Strategy mentioned RELX PLC (NYSE:RELX) and explained its insights for the company. Founded in 1993, RELX PLC (NYSE:RELX) is a London, United Kingdom-based multinational information and analytics company with a $50.8 billion market capitalization. RELX PLC (NYSE:RELX) delivered a -20.73% return since the beginning of the year, while its 12-month returns are down by -18.51%%. The stock closed at $25.85 per share on November 09, 2022.
Here is what ClearBridge Global Growth Strategy has to say about RELX PLC (NYSE:RELX) in its Q3 2022 investor letter:
“Our recent positioning moves, highlighted by five new additions, reinforce this focus on managing a portfolio of resilient growth companies. Also in the U.K., we added RELX (NYSE:RELX), a publisher serving professional customers. The company, formerly known as Reed Elsevier, has top market positions across risk and analytics; scientific, medical and technical publishing; legal, regulatory and business information analytics; and face-to-face and digital exhibitions. RELX is highly profitable, with operating margins upwards of 30% and low capex requirements.”
Speedcurve Performance Analytics
Our calculations show that RELX PLC (NYSE:RELX) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. RELX PLC (NYSE:RELX) was in 9 hedge fund portfolios at the end of the second quarter of 2022, compared to 10 funds in the previous quarter. RELX PLC (NYSE:RELX) delivered a -10.52% return in the past 3 months.
In October 2022, we published an article that includes RELX PLC (NYSE:RELX) in 11 Best UK Stocks To Buy Now. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.
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Disclosure: None. This article is originally published at Insider Monkey.
