White Brook Capital Partners, an investment management firm, released its third-quarter 2022 investor letter. The same can be downloaded here. Year to date, the fund performed in line with the indexes and returned -21.75% net compared to a -21.52% return for the S&P 400 Index and a -23.87% return for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
White Brook Capital discussed stocks like The Greenbrier Companies, Inc. (NYSE:GBX) in the Q3 2022 investor letter. Headquartered in Lake Oswego, Oregon, The Greenbrier Companies, Inc. (NYSE:GBX) is a railroad freight car equipment manufacturer. On October 24, 2022, The Greenbrier Companies, Inc. (NYSE:GBX) stock closed at $25.93 per share. One-month return of The Greenbrier Companies, Inc. (NYSE:GBX) was -0.23% and its shares lost 44.43% of their value over the last 52 weeks. The Greenbrier Companies, Inc. (NYSE:GBX) has a market capitalization of $844.999 million.
White Brook Capital made the following comment about The Greenbrier Companies, Inc. (NYSE:GBX) in its Q3 2022 investor letter:
“The Greenbrier Companies, Inc. (NYSE:GBX) is a railcar manufacturer, servicer, and more recently, leasor. Railcar manufacturing is a capital intensive industry with low margins and an emphasis on reliable and scalable manufacturing. During Covid and the ensuing supply chain crises, the country’s railroads suffered as service levels dropped and the unanticipated demand for goods moved many loads to truck and air. With higher energy costs, railroad workers returning to work, manufacturing slowly returning to the US, and shippers seeking to reduce their cost burden by shipping on the cheapest mode of transportation, more loads are moving to rail. The railroad industry generally needs to replace ~35,000 railroad cars a year to maintain service level and has tracked materially below that for the last several years. With potential for further revenue growth, margin growth, and higher interest rates benefitting a growing leasing business while also limiting new competitors to their manufacturing business, GBX is priced to do well in this new environment.”
Photo by Acton Crawford on Unsplash
The Greenbrier Companies, Inc. (NYSE:GBX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held The Greenbrier Companies, Inc. (NYSE:GBX) at the end of the second quarter which was 16 in the previous quarter.
We discussed The Greenbrier Companies, Inc. (NYSE:GBX) in another article and shared the best railroad stocks that pay dividends. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
