Baron Funds, an investment management company, released its “Baron Real Estate Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund rose 6.17% (Institutional Shares) compared to a 4.90% return for the MSCI US REIT Index (the “REIT Index”) and an 8.71% return for the MSCI USA IMI Extended Real Estate Index (the “MSCI Real Estate Index”). For 2022, the fund declined 28.44% compared to a 23.84% decline for the MSCI Real Estate Index and a 25.37% decline for the REIT Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Funds highlighted stocks like The Sherwin-Williams Company (NYSE:SHW) in the Q4 2022 investor letter. Headquartered in Cleveland, Ohio, The Sherwin-Williams Company (NYSE:SHW) is a paints, coatings, and related products manufacturer and distributor. On January 30, 2023, The Sherwin-Williams Company (NYSE:SHW) stock closed at $230.88 per share. One-month return of The Sherwin-Williams Company (NYSE:SHW) was -3.55%, and its shares lost 21.23% of their value over the last 52 weeks. The Sherwin-Williams Company (NYSE:SHW) has a market capitalization of $59.831 billion.
Baron Funds made the following comment about The Sherwin-Williams Company (NYSE:SHW) in its Q4 2022 investor letter:
“In the most recent quarter, following a more than 40% correction over the course of 2022 in its share price from a high of $348 to $195, we re-acquired shares of The Sherwin-Williams Company (NYSE:SHW).
The company is a global leader in the manufacturing, development, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial, and retail customers. Its well-known brands include Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson’s Water Seal, and Valspar.
Sherwin-Williams products are sold exclusively through more than 4,850 company-operated stores and facilities, while the company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors…” (Click here to read the full text)
The Sherwin-Williams Company (NYSE:SHW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held The Sherwin-Williams Company (NYSE:SHW) at the end of the third quarter, which was 52 in the previous quarter.
We discussed The Sherwin-Williams Company (NYSE:SHW) in another article and shared the list if top dividend aristocrats according to hedge funds. In addition, please check out our hedge fund investor letters Q4 2022 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.
