Weitz Investment Management, an investment management firm, published its “Weitz Investment Management Partners Value Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Partners Value Fund’s Institutional Class returned -8.68% for the first quarter compared to -4.60% for the S&P 500 and -5.28% for the Russell 3000. For the fiscal year ended March 31, 2022, the Fund’s Institutional Class returned +4.35% compared to +15.65% for the S&P 500 and +11.92% for the Russell 3000. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Weitz Investment Management Partners Value Fund mentioned Liberty Latin America Ltd. (NASDAQ:LILA) and explained its insights for the company. Founded in 2017, Liberty Latin America Ltd. (NASDAQ:LILA) is a Denver, Colorado-based telecommunications company with a $1.8 billion market capitalization. Liberty Latin America Ltd. (NASDAQ:LILA) delivered a -33.19% return since the beginning of the year, while its 12-month returns are down by -46.16%. The stock closed at $7.79 per share on June 24, 2022.
Here is what Weitz Investment Management Partners Value Fund has to say about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q1 2022 investor letter:
“In insurance parlance, frequency was as relevant as severity. The silver lining is that we think these declines will prove to be temporary rather than permanent. Liberty Latin America has a “whippy” (frequently changing direction) stock that is often more volatile than the revenues and margins of the underlying business.”
Photo by Mika Baumeister on Unsplash
Our calculations show that Liberty Latin America Ltd. (NASDAQ:LILA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Liberty Latin America Ltd. (NASDAQ:LILA) was in 20 hedge fund portfolios at the end of the first quarter of 2022, compared to 16 funds in the previous quarter. Liberty Latin America Ltd. (NASDAQ:LILA) delivered a -22.26% return in the past 3 months.
In May 2022, we also shared another hedge fund’s views on Liberty Latin America Ltd. (NASDAQ:LILA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.
