ClearBridge Investments, an investment management firm, published its “Select Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Select Strategy underperformed its Russell 3000 Index benchmark in the fourth quarter. On an absolute basis, the Strategy had gains in eight of the 10 sectors in which it was invested during the quarter (out of 11 sectors total). The industrials and financials sectors were the primary contributors to performance while the communication services and consumer discretionary sectors were detractors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Select Strategy, in its Q4 2021 investor letter, mentioned CME Group Inc. (NASDAQ:CME) and discussed its stance on the firm. Founded in 1898, is a Chicago, Illinois-based foreign exchange company with an $85.3 billion market capitalization, and is currently spearheaded by its CEO, Terrence A. Duffy. CME Group Inc. (NASDAQ:CME) delivered a 3.94% return since the beginning of the year, while its 12-month returns are up by 16.21%. The stock closed at $237.46 per share on April 05, 2022.
Here is what ClearBridge Investments Select Strategy has to say about CME Group Inc. (NASDAQ:CME) in its Q4 2021 investor letter:
“CME Group, for example, maintains a dominant franchise in electronic commodities and options trading with high incremental margins. Its interest rate trading business had been depressed coming out of the recession, but with a tightening policy environment, it now provides upside optionality that augments robust free cash flow growth and capital return. Willscot Mobile Mini is another compounder that executed well through the pandemic but was not initially recognized for the synergies of its Mobile Mini acquisition. The deal has reduced costs and created greater operating leverage as the company rides the tailwinds of improving industrial production and construction.”
Source: pexels
Our calculations show that CME Group Inc. (NASDAQ:CME) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CME Group Inc. (NASDAQ:CME) was in 55 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 64 funds in the previous quarter. CME Group Inc. (NASDAQ:CME) delivered a 4.87% return in the past 3 months.
In March 2022, we also shared another hedge fund’s views on CME Group Inc. (NASDAQ:CME) 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.
