Here’s What Makes Manchester United (MANU) A Great Investment Choice

Baron Funds, an asset management firm, published its “Baron Partners Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. An increase of 19.54% was delivered by the fund’s institutional shares for the fourth quarter of 2021, outperforming the Russell Midcap Growth Index which gained 2.85%  for the same period. The S&P 500 Index rose 11.03% while the Morningstar Large Growth Category (the “Peer Group”) Average increased 6.91%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron Partners Fund, in its Q4 2021 investor letter, mentioned Manchester United plc (NYSE:MANU) and discussed its stance on the firm. Founded in 1878, Manchester United plc (NYSE:MANU) is an Old Trafford, Stretford-based sports teams and clubs company with a $2.0 billion market capitalization, and is currently spearheaded by its CEO, David Gill. Manchester United plc (NYSE:MANU) delivered a -12.15% return since the beginning of the year, while its 12-month returns are down by -33.74%. The stock closed at $12.54 per share on March 15, 2022.

Here is what Baron Partners Fund has to say about Manchester United plc (NYSE:MANU) in its Q4 2021 investor letter:

Manchester United plc is the best-known team in the English Premier League and generates revenue from broadcasting, sponsorship, and licensing. Shares declined following lackluster match performance, even with Cristiano Ronaldo’s return to the team. Management announced plans to change the coaching structure to better develop the team. With the stadium at full capacity and Cristiano on the roster, we view Manchester United as a unique media company with over 1.1 billion fans globally and broad appeal that should compound value.”

Photo by Alex Motoc on Unsplash

Our calculations show that Manchester United plc (NYSE:MANU) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Manchester United plc (NYSE:MANU) was in 12 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 6 funds in the previous quarter. Manchester United plc (NYSE:MANU) delivered a -12.09% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on Manchester United plc (NYSE:MANU) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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