Do You Believe in the Upside Potential of General Electric Company (GE)?

Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered an 8.63% return, compared to a 7.56% return for the S&P Index and a 12.42% return for the Russell 1000 Value Index. For 2022, the fund was 23.25% down while, the S&P 500 fell 18.11% and the Russell 1000 Value Index returned -7.54%. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Longleaf Partners Fund highlighted stocks General Electric Company (NYSE:GE) in the Q4 2022 investor letter. Headquartered in Boston, Massachusetts, General Electric Company (NYSE:GE) is a high-tech industrial company. On February 7, 2023, General Electric Company (NYSE:GE) stock closed at $82.11 per share. One-month return of General Electric Company (NYSE:GE) was 5.69%, and its shares gained 6.02% of their value over the last 52 weeks. General Electric Company (NYSE:GE) has a market capitalization of $89.719 billion.

Longleaf Partners Fund made the following comment about General Electric Company (NYSE:GE) in its Q4 2022 investor letter:

"General Electric Company (NYSE:GE) – Formerly one of our most hated companies, industrial conglomerate GE is now on the verge of beginning its breakup into three separate businesses. It has been a solid relative contributor for the year with further potential upside in 2023 and beyond."

Copyright: jetcityimage / 123RF Stock Photo

General Electric Company (NYSE:GE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 53 hedge fund portfolios held General Electric Company (NYSE:GE) at the end of the third quarter, which was 49 in the previous quarter.

We discussed General Electric Company (NYSE:GE) in another article and shared the list of biggest industrial software companies in the world. 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:

Disclosure: None. This article is originally published at Insider Monkey.