Investment management company Vulcan Value Partners recently released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all gained positive absolute returns in the second quarter. The fund’s Large Cap Composite returned 10.0% net of fees and expenses, the Small Cap Composite returned 4.4% net, the Focus Composite returned 11.1% net, the Focus Plus composite returned 10.6%, and the All-Cap Composite returned 6.0% net. You can check the top 5 holdings of the fund to know its best picks in 2023.
Vulcan Value Partners highlighted stocks like Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the second quarter 2023 investor letter. Headquartered in Jacksonville, Florida, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) provides business decision data and analytics solutions. On August 22, 2023, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) stock closed at $10.69 per share. One-month return of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was -9.56%, and its shares lost 28.97% of their value over the last 52 weeks. Dun & Bradstreet Holdings, Inc. (NYSE:DNB) has a market capitalization of $4.695 billion.
Vulcan Value Partners made the following comment about Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in its second quarter 2023 investor letter:
“We purchased two new positions during the quarter: Genpact Ltd. and Dun & Bradstreet Holdings, Inc. (NYSE:DNB). Dun & Bradstreet, another company we have owned in the past, is a global provider of business decisioning data and analytics that their customers use to determine the financial viability of their suppliers and enhance their sales efforts. The company maintains a proprietary database of approximately 400 million records on public and private business worldwide. Dun & Bradstreet possesses unique proprietary data assets as only a small percentage of the world’s businesses have public financials. Their products are built into a client’s workflow process which creates high switching costs as evidenced by a 96% customer retention rate, and its asset light model produces robust free cash flow. We are pleased to add Dun & Bradstreet to our portfolio.”
Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 19 hedge fund portfolios held Dun & Bradstreet Holdings, Inc. (NYSE:DNB) at the end of second quarter which was 20 in the previous quarter. In addition, please check out our hedge fund investor letters Q2 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.
