Polen Capital, an investment management firm, published its “Polen International Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Over the first quarter of 2022, the Portfolio returned -13.94% gross and -14.17% net of fees, respectively, versus the -5.45% return for the MSCI All Country World ex-USA Index (the “Index”). Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Polen International Growth Fund mentioned Aon plc (NYSE:AON) and explained its insights for the company. Founded in 1982, Aon plc (NYSE:AON) is a London, United Kingdom-based multinational professional services firm with a $57.7 billion market capitalization. Aon plc (NYSE:AON) delivered a -9.54% return since the beginning of the year, while its 12-month returns are up by 9.85%. The stock closed at $271.89 per share on June 06, 2022.
Here is what Polen International Growth Fund has to say about Aon plc (NYSE:AON) in its Q1 2022 investor letter:
“A world-leading insurance brokerage Aon has continued to execute well and has exhibited attractive growth through the pandemic. The Ireland-based company tends to benefit from inflation through a data-centric approach to selling and distributing insurance solutions on a recurring basis. By scouring policy data flows across its business, Aon offers insights that intelligently match buyers and sellers of protection. As an asset- light and cash-generative business Aon has the ability to return capital to shareholders regularly. In the fourth quarter alone, it repurchased more than 4% of shares outstanding. Over the last decade, the company has repurchased a third of all shares outstanding.”
Our calculations show that Aon plc (NYSE:AON) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Aon plc (NYSE:AON) was in 44 hedge fund portfolios at the end of the first quarter of 2022, compared to 52 funds in the previous quarter. Aon plc (NYSE:AON) delivered a -5.72% return in the past 3 months.
In April 2022, we also shared another hedge fund’s views on Aon plc (NYSE:AON) 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.