Should You Hold Dun & Bradstreet Holdings (DNB)?

Weitz Investment Management, an investment management firm, released its “Partners III Opportunity Fund” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund’s Institutional Class returned -10.08% compared to a -4.46% return for the Russell 3000 Index. The Fund’s Institutional Class returned -26.46% year to date compared to -24.62% for the Russell 3000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Weitz Investment discussed stocks like Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the Q3 2022 investor letter. Headquartered in Jacksonville, Florida, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is a business decisioning data and analytics provider. On October 31, 2022, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) stock closed at $12.85 per share. One-month return of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was -2.06% and its shares lost 31.10% of their value over the last 52 weeks. Dun & Bradstreet Holdings, Inc. (NYSE:DNB) has a market capitalization of $5.574 billion.

Here is what Weitz Investment specifically said about Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in its Q3 2022 investor letter:

“Portfolio activity was tilted toward sales during the quarter, most materially for Black Knight, CoStar Group and Dun & Bradstreet Holdings, Inc. (NYSE:DNB). Finally, progress at Dun & Bradstreet has been slower than we hoped. Given the steep repricing of other, higher-conviction holdings, we elected to close our position and reinvest the proceeds elsewhere.”

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Dun & Bradstreet Holdings, Inc. (NYSE:DNB) at the end of the second quarter which was 24 in the previous quarter.

We discussed Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in another article and shared stocks to buy in 2022 according to John Rogers’ Ariel Investments. In addition, please check out our hedge fund investor letters Q3 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.