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Investment management firm Polen Capital has published the second quarter 2022 investor letter of the “Polen Global Growth Fund” – a copy of which can be downloaded here. In the year During the second quarter of 2022, the Global Growth Composite Portfolio (the “Portfolio”) posted -18.08% and -18.34% gross and net fees, respectively, compared to a -15.65% decline for the MSCI ACWI (the “Index”) since inception. Gross and net fees of 11.04% and 10.12%, respectively, combined with an index of 6.88%. Go to the fund’s top 5 positions to see its top picks for 2022.
In its Q2 2022 investor letter, Pollen mentioned Global Growth Carlisle Companies, Inc. (NYSE:CSL) and explained his understanding to the company. In the year Founded in 1917, Carlisle Companies Incorporated (NYSE:CSL) is a Scottsdale, Arizona-based manufacturing company with a market capitalization of $15.4 billion. Carlisle Companies Incorporated (NYSE:CSL) has returned 20.28% since the beginning of the year, its trailing 12-month returns are up 45.23%. The stock closed at $298.43 per share on October 06, 2022.
Here’s what Pollen Global Growth had to say about The Carlyle Companies Incorporated (NYSE:CSL) in its Q2 2022 investor letter.
“CSLThe latest update shows that the worst of the effects of COVID-19 on the business may be over and plasma concentrations are now on the way back. CSL’s core business continues to have significant competitive advantages in our view, and we believe that as collected plasma is processed into finished products, sales will return to pre-Covid-19 levels. This takes time to play, but it’s a nice improvement. Most other parts of the business are doing well, and steady demand for CSL’s products, which are not economically viable, has contributed to the stock’s recent stability.
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Our calculations show that The Carlyle Companies, Inc. (NYSE: CSL ) has fallen short in the short term and did not make it to our list. 30 Most Popular Stocks Among Hedge Funds. Carlisle Companies Incorporated (NYSE:CSL) was in 30 hedge fund portfolios at the end of the second quarter of 2022, compared to 29 funds in the previous quarter. Carlisle Companies Incorporated (NYSE:CSL) has returned 19.59% over the past 3 months.
In August 2022, we also shared the outlook on The Carlyle Companies Incorporated (NYSE:CSL). 10 important dividend increases to watch for in August. You can find other investor letters from hedge funds and prominent investors on us. Hedge Fund Investor Letters 2022 Q2 Page
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Disclosure: None. This article was originally published on Insider Monkey.
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