Renaissance Investment Management Small Cap Growth Strategy’s Q4 2022 Investor Letter

Renaissance Investment Management, an investment management company, released its “Small Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 1.39% (net) compared to a 4.13% return for the Russell 2000 Growth Index and a 6.98% return for the S&P/Barra Small Cap 600 Growth. The strategy returned -20.41% in 2022 compared to indexes’ return of -26.36% and -21.08% respectively. Energy and Consumer Staples were the best-performing sectors in the quarter, while Health Care and Communication Services sectors detracted. In addition, please check the fund’s top five holdings to know its best picks in 2022.