Investment management company Vulcan Value Partners recently released its fourth quarter 2023 investor letter. A copy of the same can be downloaded here. All five investing strategies outperformed their respective benchmarks and produced strong double-digit annual returns that were far higher than inflation. Additionally, the firm is happy with the fourth quarter’s outcomes. All of the investment strategies produced double-digit returns and all of them except Small Cap beat their respective benchmarks. In the quarter, the fund’s Large Cap Composite returned 18.4% net of fees and expenses, the Small Cap Composite returned 13.0% net, the Focus Composite returned 20.0% net, the Focus Plus composite returned 19.8% (net), and the All-Cap Composite returned 18.5% net. You can check the top 5 holdings of the fund to know its best picks in 2023.
Vulcan Value Partners featured stocks such as Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter 2023 investor letter. Headquartered in Jacksonville, Florida, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) provides business decision data and analytics solutions. On January 17, 2024, Dun & Bradstreet Holdings, Inc. (NYSE:DNB) stock closed at $11.55 per share. One-month return of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was -2.12%, and its shares lost 16.06% of their value over the last 52 weeks. Dun & Bradstreet Holdings, Inc. (NYSE:DNB) has a market capitalization of $5.07 billion.
Vulcan Value Partners stated the following regarding Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in its fourth quarter 2023 investor letter:
“Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is a global provider of business decisioning data and analytics that their customers use to determine the financial viability of their suppliers and enhance their sales efforts. The company maintains a proprietary database of approximately 400 million records on public and private business worldwide. Dun & Bradstreet possesses unique proprietary data assets as only a small percentage of the world’s businesses have public financials. Their products are built into a client’s workflow process which creates high switching costs as evidenced by a 96% customer retention rate, and its asset light model produces robust free cash flow. We are pleased to add Dun & Bradstreet to our portfolio.”
A businessperson in a suit typing on a laptop, making financial decisions.
Dun & Bradstreet Holdings, Inc. (NYSE:DNB) is not our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held Dun & Bradstreet Holdings, Inc. (NYSE:DNB) at the end of third quarter which was 19 in the previous quarter.
We discussed Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in another article and shared Vulcan Value Partners’ views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 10 Best Long-Term Tech Stocks To Buy
- 12 Countries with Best Intelligence Agencies
- 15 States With the Highest Income Taxes in the US
Disclosure: None. This article is originally published at Insider Monkey.
