Cooper Investors, an investment management firm, published its “Global Equities Fund (Hedged)” first quarter 2022 investor letter – a copy of which can be downloaded here. After a strong 2021, the Fund has endured a tough start to the year, returning -12.45%. In simple terms, the very narrow parts of the market doing well year to date (oil and gas, miners, some banks) are areas in which the fund is underweight, whereas many of the businesses we do own got dragged into a period of indiscriminate selling early in the quarter. 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, Cooper Investors Global Equities Fund mentioned S&P Global Inc. (NYSE:SPGI) and explained its insights for the company. Founded in 1860, S&P Global Inc. (NYSE:SPGI) is a US-based global markets information services provider with a $135.5 billion market capitalization. S&P Global Inc. (NYSE:SPGI) delivered a -17.24% return since the beginning of the year, while its 12-month returns are up by 3.30%. The stock closed at $390.56 per share on April 18, 2022.
Here is what Cooper Investors Global Equities Fund has to say about S&P Global Inc. (NYSE:SPGI) in its Q1 2022 investor letter:
“This quarter, S&P Global announced the successful completion of its acquisition of IHS Markit. The deal makes S&P a global leader across the information services industry. The Fund has been long term shareholders of S&P, building a position back in 2015 when the organisation was still named McGraw-Hill Financial. We saw the initial opportunity as it refocused the business from a publishing and financial conglomerate towards its core data and financial assets. S&P’s credit ratings, benchmarks and analytics businesses in global capital and commodity markets carry leading positions, defensible offerings, consistent growth and high margins – as true today as it was seven years ago. With the increased focus management have applied over a lengthy period we see improved revenue growth, margins and cash flows…” (Click here to see the full text)
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Our calculations show that S&P Global Inc. (NYSE:SPGI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. S&P Global Inc. (NYSE:SPGI) was in 79 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 78 funds in the previous quarter. S&P Global Inc. (NYSE:SPGI) delivered a -9.67% return in the past 3 months.
In March 2022, we published an article that includes S&P Global Inc. (NYSE:SPGI) in another article. 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.
