ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the fourth quarter. On an absolute basis, the Strategy had gains in nine of 10 sectors in which it was invested (out of 11 sectors total). The main contributors were the IT, consumer discretionary, and health care sectors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Sustainability Leaders Strategy, in its Q4 2021 investor letter, mentioned Intel Corporation (NASDAQ:INTC) and discussed its stance on the firm. Founded in 1968, Intel Corporation (NASDAQ:INTC) is a Santa Clara, California-based multinational corporation and technology company with a $201.1 billion market capitalization, and is currently spearheaded by its CEO, Patrick P. Gelsinger. Intel Corporation (NASDAQ:INTC) delivered a -4.47% return since the beginning of the year, while its 12-month returns are down by -24.95%. The stock closed at $49.20 per share on April 04, 2022.
Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about Intel Corporation (NASDAQ:INTC) in its Q4 2021 investor letter:
“Intel, whose policies and disclosures around its environmental footprint and impact, diversity and inclusion and supply chain auditing are best in class and the gold standard for the broader industry, has also been successful in effectively vaccinating its entire Southeast Asia workforce as well as supporting initiatives to vaccinate others in the surrounding area. In September 2021 it announced it was earmarking RM2 million (~USD$475k) toward COVID-19 relief efforts, on top of the already committed RM3.2 million (~USD$760k) it had made since the start of the pandemic in 2020. Donations target medical equipment for hospitals, community care packages of food and essentials for underserved groups and technological assistance for remote learning.
Photo by Slejven Djurakovic on Unsplash
Our calculations show that Intel Corporation (NASDAQ:INTC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Intel Corporation (NASDAQ:INTC) was in 72 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 66 funds in the previous quarter. Intel Corporation (NASDAQ:INTC) delivered a -7.41% return in the past 3 months.
In March 2022, we also shared another hedge fund’s views on Intel Corporation (NASDAQ:INTC) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.
