Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” fourth-quarter investor letter. A copy of the same can be downloaded here. The fund delivered 4.74% in the fourth quarter compared to a 6.23% return for the Russell 2000 Index, while the fund declined -19.27% in the year 2022. Multiple companies across sectors delivered strong returns and positive relative performance in the fourth quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Longleaf Partners Small-Cap Fund highlighted stocks Westrock Coffee Company, LLC (NASDAQ:WEST) in the Q4 2022 investor letter. Headquartered in Little Rock, Arkansas, Westrock Coffee Company, LLC (NASDAQ:WEST) roasts, produce and distribute coffees. On February 3, 2023, Westrock Coffee Company, LLC (NASDAQ:WEST) stock closed at $13.30 per share. One-month return of Westrock Coffee Company, LLC (NASDAQ:WEST) was -2.21%, and its shares gained 36.68% of their value over the last 52 weeks. Westrock Coffee Company, LLC (NASDAQ:WEST) has a market capitalization of $1.003 billion.
Longleaf Partners Small-Cap Fund made the following comment about Westrock Coffee Company, LLC (NASDAQ:WEST) in its Q4 2022 investor letter:
“Westrock Coffee Company, LLC (NASDAQ:WEST) – Westrock Coffee, which is the “brand behind the brand” producing and distributing coffee, tea and extracts for larger entities, was another top performer this year. We first bought this company in the form of a SPAC called Riverview Acquisition Corp. Unlike the overall SPAC market, which was in full meltdown this year, the market properly differentiated profitable Westrock from unprofitable concept company insanity. We have successfully partnered at prior investments with both Chairman Brad Martin and Founder and CEO Scott Ford, and we expect both to continue their strong track records of value creation at Westrock.”
Westrock Coffee Company, LLC (NASDAQ:WEST) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held Westrock Coffee Company, LLC (NASDAQ:WEST) at the end of the third quarter, which was 0 in the previous quarter.
We discussed Westrock Coffee Company, LLC (NASDAQ:WEST) in another article and shared the list of biggest non-alcoholic beverage companies in the U.S. 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.
