White Brook Capital Partners, an investment management firm, released its first-quarter 2023 investor letter. The same can be downloaded here. In the first quarter, the fund underperformed and was down 2.33% compared to the Midcap 400 Index’s 3.81% and the S&P 500 Index’s 7.49% returns. In January and February, the portfolio performed well, however, it suffered banking sector declines later. In addition, please check the fund’s top five holdings to know its best picks in 2023.
White Brook Capital highlighted stocks like The Greenbrier Companies, Inc. (NYSE:GBX) in the first quarter 2023 investor letter. Headquartered in Lake Oswego, Oregon, The Greenbrier Companies, Inc. (NYSE:GBX) is a railroad freight car equipment manufacturing company. On April 21, 2023, The Greenbrier Companies, Inc. (NYSE:GBX) stock closed at $29.13 per share. One-month return of The Greenbrier Companies, Inc. (NYSE:GBX) was -6.75%, and its shares lost 33.20% of their value over the last 52 weeks. The Greenbrier Companies, Inc. (NYSE:GBX) has a market capitalization of $929.914 million.
White Brook Capital made the following comment about The Greenbrier Companies, Inc. (NYSE:GBX) in its Q1 2023 investor letter:
“The Greenbrier Companies, Inc. (NYSE:GBX): Greenbrier positively preannounced its quarter in the waning days of March, but the stock, after an initially positive reaction, did not have a sustained positive response. The unveiling of its full quarterly report and subsequent first-ever-investor day during the second week of April has undone many of the concerns raised after the previous report and supports the view that it is successfully addressing its operational problems. Demand is also strong. While the stock rallied on the strong full results, it has since sold off –back to the levels of its problematic release in early January –and is as undervalued as we previously related, but with less risk than previously thought. I continue to believe the stock is significantly undervalued.”
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, 14 hedge fund portfolios held The Greenbrier Companies, Inc. (NYSE:GBX) at the end of the fourth quarter which was 11 in the previous quarter.
We discussed The Greenbrier Companies, Inc. (NYSE:GBX) in another article and shared White Brook Capital’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2023 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.
