Greenhaven Road Capital, an investment management company, released its fourth quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned -4.3% net in the fourth quarter. The fund’s performance compares favorably on a three- and five-year basis. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Greenhaven Road Capital highlighted stocks like KKR & Co. Inc. (NYSE:KKR) in its Q4 2022 investor letter. Headquartered in New York, New York, KKR & Co. Inc. (NYSE:KKR) is an equity and real estate investment firm. On February 13, 2023, KKR & Co. Inc. (NYSE:KKR) stock closed at $59.10 per share. One-month return of KKR & Co. Inc. (NYSE:KKR) was 10.41%, and its shares lost 5.44% of their value over the last 52 weeks. KKR & Co. Inc. (NYSE:KKR) has a market capitalization of $66.328 billion.
Greenhaven Road Capital made the following comment about KKR & Co. Inc. (NYSE:KKR) in its Q4 2022 investor letter:
“KKR & Co. Inc. (NYSE:KKR) – While some companies do investor days that are broadcast widely, KKR hosts a small group of investors for a Teach In and then quietly releases the deck on their website. The last one was in 2019, and the most recent one was on January 11th (link). Fair warning: the document is 145 pages long and goes into great detail. As for the themes I have been emphasizing, here are a few tidbits from the Teach In and how they fit into the framework.
Low Churn – $113B in “dry powder” (slide 6), capital that KKR is contractually guaranteed to receive from limited partners to invest. Perpetual Capital is 46% of fee-paying AUM (slide 111).
Secular Tailwinds – In addition to the continued allocations to private equity, KKR is increasingly penetrating Insurance and Private Wealth. The assets in these pools are ~4x the size of pension fund assets, which are the traditional private equity clients (slide 10 and 47)…” (Click here to read the full text)
STUDIO GRAND OUEST/Shutterstock.com
KKR & Co. Inc. (NYSE:KKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 59 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the third quarter, which was 51 in the previous quarter.
We discussed KKR & Co. Inc. (NYSE:KKR) in another article and shared the list of top performing dividend stocks in January 2023. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 12 Most Undervalued Dow Stocks To Buy
- 10 Most Advanced Countries in Nuclear Fusion
- 12 Countries that Produce the Most Orange Juice in the World
Disclosure: None. This article is originally published at Insider Monkey.
