Aristotle Capital Boston, LLC, an investment advisor, released its “Small/Mid Cap Equity Strategy” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, Aristotle Small/Mid Cap Equity Composite delivered a return of 0.93% net of fees, trailing the Russell 2500 Index’s 3.39% total return. Security selection drove the fund to underperform in the quarter while allocation effects positively contributed. Security selection in Energy, Communication Services, and Health Care contributed while holdings in Financials, Information Technology, and Industrials sectors detracted. From an allocation perspective, overweight exposures in Information Technology and Industrials helped the fund in the quarter, partially offset by underweights in Consumer Discretionary and Communication Services. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Aristotle Small/Mid Cap Equity Strategy highlighted stocks like Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in the first quarter 2023 investor letter. Headquartered in Annapolis, Maryland, Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) invests in energy efficiency, renewable energy, and other sustainable infrastructure markets. On June 16, 2023, Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) stock closed at $27.14 per share. One-month return of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)was 5.97%, and its shares lost 23.12% of their value over the last 52 weeks. Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) has a market capitalization of $2.939 billion.
Aristotle Small/Mid Cap Equity Strategy made the following comment about Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in its first quarter 2023 investor letter:
“Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI), a Maryland-based sustainable asset financing and investing company was added to the portfolio. We believe the company remains uniquely positioned to benefit as the demand for sustainable energy and infrastructure continues to grow. Additionally, we believe the company’s diverse portfolio, emphasis on proven technologies and long-term partnerships will result in less cyclical, lower risk, more predictable cash flows which can drive shareholder value in periods to come.”
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Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 14 hedge fund portfolios held Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI)at the end of first quarter 2023 which was 18 in the previous quarter.
We discussed Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) in another article and shared the list of most promising tech stocks according to analysts. In addition, please check out our hedge fund investor letters Q1 2023 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.
