Investment management company Vulcan Value Partners recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all trailed their benchmark indexes in 2022. In the fourth quarter, the fund’s Large-Cap Composite returned 8.2% net of fees and expenses, the Small Cap Composite returned 11.2% net, Focus Composite returned 7.6% net, the Focus Plus composite returned 7.7%, and All Cap Composite returned 7.2% net. You can check the top 5 holdings of the fund to know its best picks in 2022.
Vulcan Value Partners highlighted stocks like General Electric Company (NYSE:GE) in the Q4 2022 investor letter. Headquartered in Boston, Massachusetts, General Electric Company (NYSE:GE) is a high-tech industrial company. On February 8, 2023, General Electric Company (NYSE:GE) stock closed at $81.96 per share. One-month return of General Electric Company (NYSE:GE) was 3.93%, and its shares gained 6.32% of their value over the last 52 weeks. General Electric Company (NYSE:GE) has a market capitalization of $89.555 billion.
Vulcan Value Partners made the following comment about General Electric Company (NYSE:GE) in its Q4 2022 investor letter:
“General Electric Company (NYSE:GE) recently spun off its health care businesses, General Electric HealthCare Technologies, which has leading market share positions in medical imaging products including MRI devices and CT scanners. General Electric’s remaining businesses include Aerospace and its Power and Renewables business. Aerospace is performing well and comprises the bulk of General Electric’s value in our opinion. We believe that the spin-off of General Electric HealthCare Technologies has highlighted the value of General Electric’s remaining business units. General Electric intends to spin out its Power and Renewables business unit early in 2024.”
Sergey Kohl / Shutterstock.com
General Electric Company (NYSE:GE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held General Electric Company (NYSE:GE) at the end of the third quarter, which was 49 in the previous quarter.
We discussed General Electric Company (NYSE:GE) in another article and shared Longleaf Partners Fund’s 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.
Suggested Articles:
- 10 Most Advanced Countries in Battery Technology
- 12 NASDAQ Penny Stocks Under 10 Cents
- 35 Most Expensive Countries in the World
Disclosure: None. This article is originally published at Insider Monkey.
