ClearBridge Investments, an investment management firm, published its “Large Cap Value Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Value Strategy outperformed its Russell 1000 Value Index benchmark during the fourth quarter. On an absolute basis, the Strategy had gains in 10 of 11 sectors in which it was invested for the quarter. The strongest contributions came from the IT, health care, industrials, and materials sectors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Large Cap Value Strategy, in its Q4 2021 investor letter, mentioned Motorola Solutions, Inc. (NYSE:MSI) and discussed its stance on the firm. Founded in 1928, Motorola Solutions, Inc. (NYSE:MSI) is a Chicago, Illinois-based Greg Brown with a $40.0 billion market capitalization, and is currently spearheaded by its CEO, Greg Brown. Motorola Solutions, Inc. (NYSE:MSI) delivered a -12.01% return since the beginning of the year, while its 12-month returns are up by 25.53%. The stock closed at $239.08 per share on April 06, 2022.
Here is what ClearBridge Investments Large Cap Value Strategy has to say about Motorola Solutions, Inc. (NYSE:MSI) in its Q4 2021 investor letter:
“The ClearBridge Large Cap Value Strategy outperformed for the year, driven in part by long-term holdings within the IT sector such as Motorola Solutions. Motorola Solutions (MSI), a leading provider of mission-critical communications products and services with more than 100,000 public safety and commercial customers in 100 countries, continues to execute at a very high level. It is leveraging its strong competitive position to expand its addressable market through targeted tuck-in acquisitions in areas such as video and command-to-control centers.”
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Our calculations show that Motorola Solutions, Inc. (NYSE:MSI) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Motorola Solutions, Inc. (NYSE:MSI) was in 36 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 34 funds in the previous quarter. Motorola Solutions, Inc. (NYSE:MSI) delivered a -7.22% return in the past 3 months.
In March 2022, we also shared another hedge fund’s views on Motorola Solutions, Inc. (NYSE:MSI) 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.
