Here’s Why Stevanato Group S.p.A. (STVN) Outperformed in Q1

Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund returned 6.87% compared to the MSCI All Country World Index’s 7.30% return. You can check the top 5 holdings of the fund to know its best picks in 2023.

Ave Maria World Equity Fund highlighted stocks like Stevanato Group S.p.A. (NYSE:STVN) in the first quarter 2023 investor letter. Headquartered in Piombino Dese, Italy, Stevanato Group S.p.A. (NYSE:STVN) produces and distributes products and processes for biopharma and healthcare. On June 7, 2023, Stevanato Group S.p.A. (NYSE:STVN) stock closed at $27.85 per share. One-month return of Stevanato Group S.p.A. (NYSE:STVN) was -3.60%, and its shares gained 77.61% of their value over the last 52 weeks. Stevanato Group S.p.A. (NYSE:STVN) has a market capitalization of $7.412 billion.

Ave Maria World Equity Fund made the following comment about Stevanato Group S.p.A. (NYSE:STVN) in its Q1 2023 investor letter:

“Stevanato Group S.p.A. (NYSE:STVN) is a leading provider of drug containment products and serves many of the leading pharmaceutical and biotechnology companies. The company is a long-term beneficiary from the transition from small molecule drugs to biologics.”

Healthcare biology microscope

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Stevanato Group S.p.A. (NYSE:STVN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 9 hedge fund portfolios held Stevanato Group S.p.A. (NYSE:STVN) at the end of first quarter 2023 which was 9 in the previous quarter.

We discussed Stevanato Group S.p.A. (NYSE:STVN) in another article and shared Conestoga Small Cap Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q1 2023 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.