Investment management firm Bernzot Capital Advisors has released its 2024 Q1 Investor Letter for its U.S. Small Cap Value Fund. You can download a copy of the same here. In the first quarter, the portfolio grew by +8.5% on a net basis, well ahead of the R2000V increase of +2.9% and ahead of the R2500V increase of +6.1%. Energy stocks contributed the most to the portfolio's gains. Plus, check out the fund's top 5 holdings to find out the best stocks for 2024.
Burnzot Capital Advisors' U.S. Small Cap Value Fund featured stocks such as Potlatchdeltic Corporation (NASDAQ:PCH) in its Q1 2024 investor letter. PotlatchDeltic Corporation (NASDAQ:PCH) a real estate investment trust (REIT) owns approximately 2.2 million acres of forestland. On April 24, 2024, PotlatchDeltic Corporation (NASDAQ: PCH) stock closed at $41.41 per share. PotlatchDeltic Corporation (NASDAQ: PCH)'s 1-month return is -11.93%, with the company's stock losing 9.25% of its value over the past 52 weeks. PotlatchDeltic Corporation (NASDAQ:PCH) has a market capitalization of $3.292 billion.
Barnzot Capital Advisors U.S. Small Cap Value Fund said the following about Potlatchdeltic Corporation (NASDAQ:PCH) in its Q1 2024 Investor Letter:
”PotlatchDeltic Corporation (NASDAQ:PCH): PCH is one of three publicly traded timber REITs. The company's vertical integration makes it one of the lowest-cost wood product providers and has the most influence among its peers on improving the overall wood price environment. Timber prices should benefit from an improvement in the housing environment driven by peaking/lowering interest rates, an overall lack of housing supply, an increase in homebuyers, and a lack of supply in the timber market. The company pays consistently increasing dividends, maintains a strong balance sheet, consistently generates FCF throughout economic cycles, and opportunistically repurchases its own shares. ”
Aerial view of a woodland area with lush green trees and sunlight shining through the branches.
PotlatchDeltic Corporation (NASDAQ:PCH) isn't on our list of 30 most popular stocks among hedge funds. According to our database, at the end of the fourth quarter, Potlatch Deltic Corporation (NASDAQ: PCH) was held in his 12 hedge fund portfolio, up from his 14 hedge fund portfolio in the prior quarter. . Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q1 2024 page.
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Disclosure: None. This article was originally published on Insider Monkey.
