Is it Time to Dispose Your KKR Shares?

Vulcan Value Partners, an investment management firm, published its “Vulcan Value Partners Large Cap Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 1.2% net return for the fourth quarter of 2021, compared to its benchmarks, the Russell 1000 Value Index and S&P 500 Index which delivered 7.8% and 11% returns respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Vulcan Value Partners Large Cap Fund, in its Q4 2021 investor letter, mentioned KKR & Co. Inc. (NYSE:KKR) and discussed its stance on the firm. Founded in 1976, KKR & Co. Inc. (NYSE:KKR) is a New York, New York-based private equity company with a $51.2 billion market capitalization, and is currently spearheaded by its CEO, Henry Kravis/George R. Roberts. KKR & Co. Inc. (NYSE:KKR) delivered a -20.83% return since the beginning of the year, while its 12-month returns are up by 22.93%. The stock closed at $60.15 per share on March 22, 2022.

Here is what Vulcan Value Partners Large Cap Fund has to say about KKR & Co. Inc. (NYSE:KKR) in its Q4 2021 investor letter:

“KKR & Co. Inc. was another material contributor during the quarter. KKR is a global investment firm that manages multiple alternative asset classes, including private equity, infrastructure, real estate, various debt strategies, hedge funds, and portfolio re-financings. In a recent quarter, KKR raised $59 billion of new capital, and its management fees and fee related revenue increased significantly. The company is outperforming our expectations, and its value is compounding more quickly than we anticipated.”

Investments, Finance

Our calculations show that KKR & Co. Inc. (NYSE:KKR) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. KKR & Co. Inc. (NYSE:KKR) was in 55 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 56 funds in the previous quarter. KKR & Co. Inc. (NYSE:KKR) delivered a -20.30% return in the past 3 months.

In February 2022, we also shared another hedge fund’s views on KKR & Co. Inc. (NYSE:KKR) 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.