雅虎香港財經 Broadcom (AVGO) Rose on Solid Q4 Results
Aristotle Atlantic Partners, LLC, an investment advisor, released its “Core Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund posted a return of 6.92% net of fees compared to a 7.56% return for the S&P 500 Index. The fund’s underperformance in the quarter was primarily because of the security selection and allocation effects. Holdings in Health Care, Consumer Staples, and Industrials detracted from relative performance while holdings in Consumer Discretionary, Financials, and Information Technology contributed towards the relative performance of the strategy in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Core Equity Strategy highlighted stocks like Broadcom Inc. (NASDAQ:AVGO) in its Q4 2022 investor letter. Headquartered in San Jose, California, Broadcom Inc. (NASDAQ:AVGO) is a semiconductor devices supplier. On March 28, 2023, Broadcom Inc. (NASDAQ:AVGO) stock closed at $624.70 per share. One-month return of Broadcom Inc. (NASDAQ:AVGO) was 5.24%, and its shares lost 1.01% of their value over the last 52 weeks. Broadcom Inc. (NASDAQ:AVGO) has a market capitalization of $260.452 billion.
Aristotle Core Equity Strategy made the following comment about Broadcom Inc. (NASDAQ:AVGO) in its Q4 2022 investor letter:
“Broadcom Inc. (NASDAQ:AVGO) contributed to performance in the quarter following the company’s solid fourth quarter 2022 results. This was driven by better-than-expected results in both its semiconductor solutions, networking and storage segments. The company also provided first quarter guidance that was ahead of consensus as well as 2023 commentary that expects earnings momentum to continue due to a strong product cycle.”
l-n-r2tVRjxzFM8-unsplash
Broadcom Inc. (NASDAQ:AVGO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Broadcom Inc. (NASDAQ:AVGO) at the end of the fourth quarter which was 74 in the previous quarter.
We discussed Broadcom Inc. (NASDAQ:AVGO) in another article and shared the list of best 5G stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
Disclosure: None. This article is originally published at Insider Monkey.
