Investment management company Vulcan Value Partners recently released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, trailing their benchmark indexes in the third quarter of 2022. The fund’s Large-Cap Composite returned -7.3% net of fees and expenses, the Small Cap Composite returned -14.4% net, Focus Composite returned -8.0% net, the Focus Plus composite returned -7.9%, and All Cap Composite returned -11.5% net during the quarter. You can check the top 5 holdings of the fund to know its best picks in 2022.
Vulcan Value Partners highlighted stocks like Littelfuse, Inc. (NASDAQ:LFUS) in the Q3 letter. Headquartered in Chicago, Illinois, Littelfuse, Inc. (NASDAQ:LFUS) is circuit protection, power control, and sensing products manufacturer. On November 3, 2022, Littelfuse, Inc. (NASDAQ:LFUS) stock closed at $203.84 per share. One-month return of Littelfuse, Inc. (NASDAQ:LFUS) was -0.13% and its shares lost 36.29% of their value over the last 52 weeks. Littelfuse, Inc. (NASDAQ:LFUS) has a market capitalization of $5.046 billion.
Vulcan Value Partners made the following comment about Littelfuse, Inc. (NASDAQ:LFUS) in its Q3 2022 investor letter:
“Littelfuse, Inc. (NASDAQ:LFUS) is a global manufacturer of leading technologies in circuit protection, power control and sensing. It produces fuses, circuit protectors, power control devices, and sensors. We think the company is well positioned to profit from the tailwinds of electrification across the industrial, transportation, and electrical end markets. They continue to face supply chain challenges which has negatively impacted near-term results. We do think Littelfuse has been overearning in some areas because of pandemic driven sales, and we are not valuing the company on that basis. The automobile OEMs have supply chain challenges unrelated to Littelfuse that are affecting auto sales, which has limited their orders with Littelfuse. We think these challenges are temporary and believe the OEMs will increase their orders to a more normal level when these supply chain issues are resolved.”
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Littelfuse, Inc. (NASDAQ:LFUS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Littelfuse, Inc. (NASDAQ:LFUS) at the end of the second quarter which was 24 in the previous quarter.
We discussed Littelfuse, Inc. (NASDAQ:LFUS) in another article and shared companies that raised their dividend in August 2022. 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.
