Liberty Park Capital Management, LLC, a financial management company, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. Liberty Park Fund rose 14.60%, net of fees, in the second quarter compared to the Russell 2000 Index’s 5.18% return. Both the Liberty Park funds delivered excellent results in the quarter. The increase in the fund’s long positions contributed 15.28% on a weight-adjusted basis, while the increase in shorts detracted 0.96% on a weight-adjusted basis. Liberty Park Select Opportunities, LP’s value returned 19.46% net of fees in the second quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Liberty Park Capital highlighted stocks like E2open Parent Holdings, Inc. (NYSE:ETWO) in the second quarter 2023 investor letter. Headquartered in Austin, Texas, E2open Parent Holdings, Inc. (NYSE:ETWO) provides supply chain management software. On September 28, 2023, E2open Parent Holdings, Inc. (NYSE:ETWO) stock closed at $4.55 per share. One-month return of E2open Parent Holdings, Inc. (NYSE:ETWO) was -5.99%, and its shares lost 25.04% of their value over the last 52 weeks. E2open Parent Holdings, Inc. (NYSE:ETWO) has a market capitalization of $1.404 billion.
Liberty Park Capital made the following comment about E2open Parent Holdings, Inc. (NYSE:ETWO) in its Q2 2023 investor letter:
“E2open Parent Holdings, Inc. (NYSE:ETWO) reported much lower-than-expected forward guidance when it announced its fiscal 2023 results. Given the tailwinds that other supply chain software companies are taking advantage of, we lost confidence in the company’s current ability to execute and closed the position. We continue to view the supply chain software space favorably and would consider revisiting the stock in the future.”
A team of software engineers at desks working on code for a cutting-edge cloud computing solution. Editorial photo for a financial news article. 8k. –ar 16:9
E2open Parent Holdings, Inc. (NYSE:ETWO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held E2open Parent Holdings, Inc. (NYSE:ETWO) at the end of second quarter which was 24 in the previous quarter.
We discussed E2open Parent Holdings, Inc. (NYSE:ETWO) in another article and shared the list of best small cap tech stocks to buy. In addition, please check out our hedge fund investor letters Q2 2023 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.
