Baron Funds, an investment management company, released its “Baron Partners Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The third quarter witnessed extreme volatility in the financial market. However, the fund outperformed the benchmark indexes and rose 10.00% (Institutional Shares) in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Baron Funds discussed stocks like Douglas Emmett, Inc. (NYSE:DEI) in the Q3 2022 investor letter. Douglas Emmett, Inc. (NYSE:DEI) is a real estate investment trust. On November 1, 2022, Douglas Emmett, Inc. (NYSE:DEI) stock closed at $17.43 per share. One-month return of Douglas Emmett, Inc. (NYSE:DEI) was 0.06% and its shares lost 49.33% of their value over the last 52 weeks. Douglas Emmett, Inc. (NYSE:DEI) has a market capitalization of $3.601 billion.
Baron Funds made the following comment about Douglas Emmett, Inc. (NYSE:DEI) in its Q3 2022 investor letter:
“Douglas Emmett, Inc. (NYSE:DEI) is a REIT that owns a portfolio of office and apartment buildings concentrated in West Los Angeles and Honolulu. Weak operational and financial results combined with investor concerns over a potential recession drove down the share price during the quarter. We remain optimistic about Douglas Emmett’s long-term prospects given its irreplaceable real estate portfolio.”
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Douglas Emmett, Inc. (NYSE:DEI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Douglas Emmett, Inc. (NYSE:DEI) at the end of the second quarter which was 23 in the previous quarter.
We discussed Douglas Emmett, Inc. (NYSE:DEI) in another article and shared Diamond Hill Capital’s views on the company. In addition, please check out our hedge fund investor letters Q3 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.