ClearBridge Investments, an investment management company, released its “ClearBridge Global Infrastructure Value Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. The Strategy underperformed the S&P Global Infrastructure Index during the quarter on a relative basis. Sector allocation detracted while overall stock selection contributed. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
ClearBridge Global Infrastructure Value Strategy highlighted stocks like Cheniere Energy, Inc. (NYSE:LNG) in the third quarter 2023 investor letter. Headquartered in Houston, Texas, Cheniere Energy, Inc. (NYSE:LNG) is an energy infrastructure company, that primarily focuses on liquefied natural gas (LNG) related businesses. On December 15, 2023, Cheniere Energy, Inc. (NYSE:LNG) stock closed at $170.20 per share. One-month return of Cheniere Energy, Inc. (NYSE:LNG) was -1.90%, and its shares gained 7.99% of their value over the last 52 weeks. Cheniere Energy, Inc. (NYSE:LNG) has a market capitalization of $40.551 billion.
ClearBridge Global Infrastructure Value Strategy made the following comment about Cheniere Energy, Inc. (NYSE:LNG) in its Q3 2023 investor letter:
“Elsewhere in the region, U.S. energy infrastructure company Cheniere also contributed to quarterly performance. Cheniere Energy, Inc. (NYSE:LNG), which owns and operates U.S. liquefied natural gas (LNG) export facilities along the U.S. Gulf Coast, saw its share price rally during the quarter due to a strong commodity price environment supporting the broader group of energy infrastructure stocks.”
Close-up of a liquefied natural gas terminal expelling plumes of smoke.
Cheniere Energy, Inc. (NYSE:LNG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held Cheniere Energy, Inc. (NYSE:LNG) at the end of third quarter which was 60 in the previous quarter.
We discussed Cheniere Energy, Inc. (NYSE:LNG) in another article and shared the list of best energy dividend stocks to buy. In addition, please check out our hedge fund investor letters Q3 2023 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.