What Makes KKR & Co (KKR) a Worthy Investment?

Investment management company Vulcan Value Partners recently released its first-quarter 2023 investor letter. A copy of the same can be downloaded here. The firm has five strategies, and all gained positive returns and outperformed their respective benchmark indexes in the first quarter. The fund’s Large-Cap Composite returned 14.0% net of fees and expenses, the Small Cap Composite returned 8.1% net, the Focus Composite returned 20.4% net, the Focus Plus composite returned 20.4%, and the All-Cap Composite returned 16.8% net. You can check the top 5 holdings of the fund to know its best picks in 2023.

Vulcan Value Partners highlighted stocks like KKR & Co. Inc. (NYSE:KKR) in the first quarter 2023 investor letter. Headquartered in New York, New York, KKR & Co. Inc. (NYSE:KKR) is an equity and real estate investment firm. On May 5, 2023, KKR & Co. Inc. (NYSE:KKR) stock closed at $51.51 per share. One-month return of KKR & Co. Inc. (NYSE:KKR) was 2.20%, and its shares gained 3.31% of their value over the last 52 weeks. KKR & Co. Inc. (NYSE:KKR) has a market capitalization of $57.81 billion.

Vulcan Value Partners made the following comment about KKR & Co. Inc. (NYSE:KKR) in its Q1 2023 investor letter:

“Additionally, Skyworks Solutions, Amazon, Alphabet, KKR & Co. Inc. (NYSE:KKR), and TransDigm Group were all material contributors during the quarter. We have discussed these companies at length in prior letters. KKR is a leading alternative asset manager that reported mixed results in a challenging environment. Their breadth of products and flexibility to invest across the capital spectrum should serve them well regardless of the macro environment. All of these companies are executing well, their theses are intact, and we are pleased to own them at a discount to our estimate of intrinsic value.”

KKR & Co. Inc. (NYSE:KKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the fourth quarter which was 59 in the previous quarter.

We discussed KKR & Co. Inc. (NYSE:KKR) in another article and shared the list of best asset management stocks to buy according to hedge funds. 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.