Multiple Factors Affected Honda Motor Co., Ltd. (HMC) in Q4

ClearBridge Investments, an investment management company, released its “ClearBridge International Value Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. During the quarter, the strategy outperformed its MSCI All Country World Ex-U.S. Index. The strategy gained in 10 of the 11 sectors it invested in the quarter, on an absolute basis. The financials, industrials, and energy sectors were the leading contributors while communication services and real estate sectors detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge International Value Strategy highlighted stocks like Honda Motor Co., Ltd. (NYSE:HMC) in the fourth quarter 2022 investor letter. Headquartered in Tokyo, Japan, Honda Motor Co., Ltd. (NYSE:HMC) is a motorcycles, automobiles, power products, and other products manufacturer. On March 14, 2023, Honda Motor Co., Ltd. (NYSE:HMC) stock closed at $25.41 per share. One-month return of Honda Motor Co., Ltd. (NYSE:HMC) was 0.75%, and its shares lost 10.15% of their value over the last 52 weeks. Honda Motor Co., Ltd. (NYSE:HMC) has a market capitalization of $43.153 billion.

ClearBridge International Value Strategy made the following comment about Honda Motor Co., Ltd. (NYSE:HMC) in its Q4 2022 investor letter:

“We elected to exit Honda Motor Co., Ltd. (NYSE:HMC), a manufacturer of cars, motorcycles, general-purpose engines, and a range of other power products in the consumer discretionary sector. The company has struggled to make progress in improving its recent mediocre sales trends while its current plan for transitioning to electric vehicles and motors is less compelling than its more transparent peers. Given the risk of the Japanese yen strengthening as yet another headwind to the company’s intermediate performance, we elected to close the position in favor of other opportunities.”

Honda Motor Co., Ltd. (NYSE:HMC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held Honda Motor Co., Ltd. (NYSE:HMC) at the end of the fourth quarter which was 10 in the previous quarter.

We discussed Honda Motor Co., Ltd. (NYSE:HMC) in another article and shared the list of biggest generator companies in the world. In addition, please check out our hedge fund investor letters Q4 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.