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ClearBridge Investments, an financial investment administration agency, released its “Select Strategy” fourth quarter 2021 investor letter – a duplicate of which can be downloaded listed here. The ClearBridge Find Tactic underperformed its Russell 3000 Index benchmark in the fourth quarter. On an complete basis, the System had gains in eight of the 10 sectors in which it was invested throughout the quarter (out of 11 sectors total). The industrials and financials sectors ended up the primary contributors to effectiveness although the interaction solutions and client discretionary sectors were detractors. Spare some time to verify the fund’s leading 5 holdings to have a clue about their top bets for 2022.
ClearBridge Investments Find Technique, in its Q4 2021 investor letter, mentioned Performance Food Team Business (NYSE:PFGC) and reviewed its stance on the business. Launched in 1885, Overall performance Food stuff Group Enterprise (NYSE:PFGC) is a Richmond, Virginia-based mostly foods service supplier with a $7.7 billion industry capitalization, and is at present spearheaded by its CEO, George Holm. Overall performance Food Team Corporation (NYSE:PFGC) shipped an 8.83% return due to the fact the commencing of the year, when its 12-month returns are down by -13.33%. The inventory shut at $49.94 for every share on April 05, 2022.
In this article is what ClearBridge Investments Pick Approach has to say about Effectiveness Foodstuff Team Business (NYSE:PFGC) in its Q4 2021 investor letter:
“Efficiency Food stuff Team is yet another case in point of a top quality franchise purchased for the duration of a depressing time period for the foodservice sector that has flexed its harmony sheet to make acquisitions of weaker gamers and continues to consolidate its foremost sector share.”
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Our calculations present that Efficiency Foodstuff Team Company (NYSE:PFGC) unsuccessful to get a mark on our record of the 30 Most Well-known Shares Between Hedge Funds. Efficiency Food stuff Team Organization (NYSE:PFGC) was in 33 hedge fund portfolios at the conclude of the fourth quarter of 2021, as opposed to 36 resources in the prior quarter. Effectiveness Meals Group Firm (NYSE:PFGC) sent a 7.19% return in the previous 3 months.
In January 2022, we also shared a different hedge fund’s views on Efficiency Foodstuff Team Corporation (NYSE:PFGC) in one more post. You can uncover other letters from hedge resources and distinguished traders on our hedge fund investor letters 2021 Q4 site.
Disclosure: None. This article is at first posted at Insider Monkey.
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