DigitalBridge Group (DBRG) is Ave Maria’s New Addition

Investment management company Ave Maria recently released its “Ave Maria Focused Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -22.3% compared to -17.46% for S&P MidCap 400® Growth Index and -16.10% for the &P 500® Index.  You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria discussed stocks like DigitalBridge Group, Inc. (NYSE:DBRG) in the second quarter investor letter. Headquartered in Boca Raton, Florida, DigitalBridge Group, Inc. (NYSE:DBRG) is an infrastructure investment firm. On August 24, 2022, DigitalBridge Group, Inc. (NYSE:DBRG) stock closed at $19.54 per share. One-month return of DigitalBridge Group, Inc. (NYSE:DBRG)  was -8.00% and its shares lost 29.71% of their value over the last 52 weeks. DigitalBridge Group, Inc. (NYSE:DBRG)  has a market capitalization of $3.207 billion.

Here is what Ave Maria specifically said about DigitalBridge Group, Inc. (NYSE:DBRG):

“DigitalBridge Group, Inc. (NYSE:DBRG) is a new holding. The company is an asset manager that invests, through private investment funds, in digital infrastructure assets such as data centers, cellular towers, small cells, fiber and edge installations. DigitalBridge could benefit from multiple tailwinds, including the proliferation of data, which needs infrastructure to transmit, process and store. We took advantage of the recent downward pressure on the stock price to add to the Fund’s position.”

Photo by Denys Nevozhai on Unsplash

DigitalBridge Group, Inc. (NYSE:DBRG) is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held DigitalBridge Group, Inc. (NYSE:DBRG) at the end of the first quarter which was 27 in the previous quarter.

We discussed DigitalBridge Group, Inc. (NYSE:DBRG) in another article and shared Clark Street Value’s views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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