Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered a return of 12.12% net of fees, outperforming the 6.23% return of the Russell 2000 Index. Security selection contributed to the outperformance of the strategy in the quarter. Furthermore, the strategy benefitted from overweight allocation in Industrials and underweight exposure in Communication Services. For the calendar year, the strategy generated a ‐10.13% net of fees return compared to the Russell 2000 Index’s ‐20.44% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Small Cap Equity Strategy highlighted stocks like Viad Corp (NYSE:VVI) in its Q4 2022 investor letter. Headquartered in Scottsdale, Arizona, Viad Corp (NYSE:VVI) provides marketing and travel and recreation services. On March 24, 2023, Viad Corp (NYSE:VVI) stock closed at $19.21 per share. One-month return of Viad Corp (NYSE:VVI) was -26.93%, and its shares lost 44.30% of their value over the last 52 weeks. Viad Corp (NYSE:VVI) has a market capitalization of $398.421 million.
Aristotle Small Cap Equity Strategy made the following comment about Viad Corp (NYSE:VVI) in its Q4 2022 investor letter:
"Viad Corp (NYSE:VVI), a provider of high‐quality, experience‐based services for the hospitality and live events industries, declined amid a slower than expected recovery in long‐haul international travel and an unfortunate disruption of company operations due to wildfires near some of the company’s hotels and attractions. We maintain our investment, as we believe the company’s growing service offering, expanded marketing platform and a recovery in international leisure travel and live events can drive shareholder value creation over the next several years."
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Viad Corp (NYSE:VVI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held Viad Corp (NYSE:VVI) at the end of the fourth quarter which was 9 in the previous quarter.
We discussed Viad Corp (NYSE:VVI) in another article and shared the top stock picks of Michael Bilger’s 59 North Capital. 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.
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