Vltava Fund, an investment management company, recently released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. Last year, market faced a few shocks together, and the global stock market fell more than 17% as measured by the MSCI World index, and the S&P 500 index fell more than 19%. However, the fund performed significantly better than its benchmark. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Vltava Fund highlighted stocks like Arrow Electronics, Inc. (NYSE:ARW) in the Q4 2022 investor letter. Based in Centennial, Colorado, Arrow Electronics, Inc. (NYSE:ARW) provides electronic products, services, and solutions to industrial and commercial users. On January 3, 2023, Arrow Electronics, Inc. (NYSE:ARW) stock closed at $106.14 per share. One-month return of Arrow Electronics, Inc. (NYSE:ARW) was 0.08%, and its shares lost 21.55% of their value over the last 52 weeks. Arrow Electronics, Inc. (NYSE:ARW) has a market capitalization of $6.528 billion.
Vltava Fund made the following comment about Arrow Electronics, Inc. (NYSE:ARW) in its Q4 2022 investor letter:
“Arrow Electronics, Inc. (NYSE:ARW) is a high-quality company with an attractive return on capital and strong growth in earnings per share that is often overlooked by investors because it is a seemingly boring company in the technology sector. ARW is usually thought of as a simple semiconductor distribution company, but it also provides an interesting offer of valueadded services that creates deep ties with its customers. In essence, ARW provides economies of scale by acting as an intermediary between a highly diversified supplier base and a fragmented customer base of more than 220,000 customers. The company has 288 offices in more than 100 countries and has long-standing relationships both with its suppliers and its customers. Such distribution businesses may be found in multiple industries. In addition to electronics and semiconductors, for example, they occur in the automotive and chemical industries. They can be very attractive if well and efficiently managed. In looking at its long-term results, ARW appears to us to be just such a company. What’s more, we bought its shares at a historically very low valuation.”
Suwin/Shutterstock.com
Arrow Electronics, Inc. (NYSE:ARW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Arrow Electronics, Inc. (NYSE:ARW) at the end of the third quarter, which was 24 in the previous quarter.
We discussed Arrow Electronics, Inc. (NYSE:ARW) in another article and shared billionaire Cliff Asness’ top 10 technology stock picks. 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:
- 11 Best Hair Care Stocks To Buy
- 50 Poorest Countries in the World
- 12 Best Performing Growth Stocks in 2022
Disclosure: None. This article is originally published at Insider Monkey.
