Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund delivered a return of 0.97% net of fees (1.10% gross of fees), trailing the Russell 2000 Index’s 2.74% total return. Security selection drove the fund to underperform in the quarter, while allocation effects positively contributed. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Aristotle Small Cap Equity Strategy highlighted stocks like World Wrestling Entertainment, Inc. (NYSE:WWE) in the first quarter 2023 investor letter. Headquartered in Stamford, Connecticut, World Wrestling Entertainment, Inc. (NYSE:WWE) is a media and entertainment company. On June 20, 2023, World Wrestling Entertainment, Inc. (NYSE:WWE) stock closed at $101.01 per share. One-month return of World Wrestling Entertainment, Inc. (NYSE:WWE) was -1.10%, and its shares gained 67.48% of their value over the last 52 weeks. World Wrestling Entertainment, Inc. (NYSE:WWE) has a market capitalization of $7.525 billion.
Aristotle Small Cap Equity Strategy made the following comment about World Wrestling Entertainment, Inc. (NYSE:WWE) in its first quarter 2023 investor letter:
“World Wrestling Entertainment, Inc. (NYSE:WWE), a media and entertainment company that operates, promotes, merchandises, and licenses live wrestling events worldwide, appreciated amid heightened investor sentiment surrounding the company’s upcoming TV rights renewal cycle and growing expectations that the company would be sold to a strategic buyer. We maintain our position ahead of the company’s anticipated business combination with Endeavor Group, a global sports and entertainment company and owner of UFC, which was announced shortly after quarter end.”
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World Wrestling Entertainment, Inc. (NYSE:WWE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held World Wrestling Entertainment, Inc. (NYSE:WWE) at the end of first quarter 2023 which was 32 in the previous quarter.
We discussed World Wrestling Entertainment, Inc. (NYSE:WWE) in another article and shared the list of best entertainment stocks to buy in 2023. In addition, please check out our hedge fund investor letters Q1 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.
