Renaissance Investment Management Small Cap Growth Strategy’s Q3 2022 Investor Letter

Renaissance Investment Management, an investment management company, released its “Small Cap Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned 1.11% (net) compared to a 0.24% return for the Russell 2000 Growth Index and a -3.38% return for the S&P/Barra Small Cap 600 Growth. Stock selection in the information technology sector and underweight position and stock selection in the Real Estate sector led to the outperformance of the strategy in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.