O’Keefe Stevens Advisory Inc., an asset management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. At the end of Q1 22, the fund’s top 5 holdings represented ~38% of assets. The concentration at the top of the portfolio declined slightly as some lower weighted positions have increased significantly to start the year. These names were primarily in the commodity space, which has seen strong price appreciation due to supply constraints. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, O’Keefe Stevens Advisory mentioned Donnelley Financial Solutions, Inc. (NYSE:DFIN) and explained its insights for the company. Founded in 1983, Donnelley Financial Solutions, Inc. (NYSE:DFIN) is a Chicago, Illinois-based capital market company with a $1.0 billion market capitalization. Donnelley Financial Solutions, Inc. (NYSE:DFIN) delivered a -33.84% return since the beginning of the year, while its 12-month returns are up by 10.52%. The stock closed at $31.19 per share on April 19, 2022.
Here is what O’Keefe Stevens Advisory has to say about Donnelley Financial Solutions, Inc. (NYSE:DFIN) in its Q1 2022 investor letter:
“In the first quarter, we initiated a new position in Donnelley Financial, a regulatory filing and deals solutions service provider. Donnelley is a relatively small company with a sub $1.5B market cap undergoing a business model transformation from a legacy lower margin paper/print business to a recurring high margin software and service provider. We are purchasing DFIN at a single-digit earnings multiple at times when comps are trading at 20x+. Donnelley has a long runway for growth, with little capital required. DFIN has an excellent management team, and we are excited to hold this business for the long term. To read our full write-up, please click here.”
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Our calculations show that Donnelley Financial Solutions, Inc. (NYSE:DFIN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Donnelley Financial Solutions, Inc. (NYSE:DFIN) was in 24 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. Donnelley Financial Solutions, Inc. (NYSE:DFIN) delivered a -17.09% return in the past 3 months.
In February 2022, we published an article that includes Donnelley Financial Solutions, Inc. (NYSE:DFIN) in the Top 10 Must-Have Finance Stocks According to Parsa Kiai’s Steamboat Capital Partners. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.
