Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Bernzott Capital Advisors highlighted stocks like Viper Energy Partners LP (NASDAQ:VNOM) in the Q4 2022 investor letter. Based in Midland, Texas, Viper Energy Partners LP (NASDAQ:VNOM) owns, acquires, and operates oil and natural gas properties. On January 23, 2023, Viper Energy Partners LP (NASDAQ:VNOM) stock closed at $32.69 per share. One-month return of Viper Energy Partners LP (NASDAQ:VNOM) was 1.46%, and its shares gained 23.41% of their value over the last 52 weeks. Viper Energy Partners LP (NASDAQ:VNOM) has a market capitalization of $5.39 billion.
Bernzott Capital Advisors made the following comment about Viper Energy Partners LP (NASDAQ:VNOM) in its Q4 2022 investor letter:
“Viper Energy Partners LP (NASDAQ:VNOM): This mineral rights company, possessing a premiere sponsorship with Diamondback Energy, was the top contributor for the year. Buoyed by Diamondback’s advantaged assets in the Permian Basin coupled with elevated oil prices, Viper reported strong earnings and FCF generation. This resulted in attractive capital return actions for shareholders through a combination of cash distributions and share repurchases. We expect similar capital return actions to continue as Diamondback remains focused on growing production on Viper’s acreage. We believe the stock remains undervalued relative to its FCF generation and capital return growth potential.”
Viper Energy Partners LP (NASDAQ:VNOM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Viper Energy Partners LP (NASDAQ:VNOM) at the end of the third quarter which was 21 in the previous quarter.
We discussed Viper Energy Partners LP (NASDAQ:VNOM) in another article and shared Bernzott Capital Advisors’ views on the company. In addition, please check out our hedge fund investor letters Q4 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.
