L1 Capital, an funding administration agency, launched its “L1 Capital Worldwide Fund” fourth quarter 2022 investor letter, a replica of the identical will be downloaded here. Within the fourth quarter, the L1 Capital Worldwide Fund returned 1.7% in comparison with its benchmark which had a 4.4% return for a similar interval. Spare a while to examine the fund’s high 5 holdings to have a clue about their high bets for 2022.
In its Q3 2022 investor letter, L1 Capital Worldwide Fund talked about Eagle Supplies Inc. (NYSE:EXP) and defined its insights for the corporate. Based in 1963, Eagle Supplies Inc. (NYSE:EXP) is a Dallas, Texas-based constructing materials firm with a $5.2 billion market capitalization. Eagle Supplies Inc. (NYSE:EXP) delivered a 7.02% return because the starting of the yr, whereas its 12-month returns are down by -2.57%. The inventory closed at $142.18 per share on January 23, 2023.
Here’s what L1 Capital Worldwide Fund has to say about Eagle Supplies Inc. (NYSE:EXP) in its Q3 2022 investor letter:
“In the course of the December 2022 Quarter over 50% of the Fund’s holdings’ share costs elevated by greater than 10% in native forex with plenty of them rising by greater than 20%. 5 firms positively contributed over 0.5% (in AUD) to the Fund’s returns for the quarter which incorporates Eagle Supplies Inc. (NYSE:EXP). The share worth of our constructing supplies firms, CRH and Eagle Supplies, additionally recovered from oversold ranges within the December 2022 quarter, rising 23% and 24% respectively (in USD), with additional will increase in early 2023.”
Our calculations present that Eagle Supplies Inc. (NYSE:EXP) fell brief and didn’t make it on our listing of the 30 Most Popular Stocks Among Hedge Funds. Eagle Supplies Inc. (NYSE:EXP) was in 26 hedge fund portfolios on the finish of the second quarter of 2022, in comparison with 20 funds within the earlier quarter. Eagle Supplies Inc. (NYSE:EXP) delivered a 22.18% return previously 3 months.
In September 2022, we additionally shared L1 Capital’s Q2 2022 views on Eagle Supplies Inc. (NYSE:EXP) in another article. You could find different investor letters from hedge funds and outstanding buyers on our hedge fund investor letters Q4 2022 web page.
Disclosure: None. This text is initially printed at Insider Monkey.