Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio gained +8.5% on a net basis, well above R2000V’s advance of +2.9% and above R2500V’s rise of +6.1%. The largest contribution to the gains on the portfolio was the Energy holdings. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Bernzott Capital Advisors US Small Cap Value Fund featured stocks like HCI Group, Inc. (NYSE:HCI) in the first quarter 2024 investor letter. Headquartered in Tampa, Florida, HCI Group, Inc. (NYSE:HCI) is an insurance company that engages in property and casualty insurance, reinsurance, real estate, and information technology businesses. On April 24, 2024, HCI Group, Inc. (NYSE:HCI) stock closed at $113.63 per share. One-month return of HCI Group, Inc. (NYSE:HCI) was -2.11%, and its shares gained 121.76% of their value over the last 52 weeks. HCI Group, Inc. (NYSE:HCI) has a market capitalization of $1.134 billion.
Bernzott Capital Advisors US Small Cap Value Fund stated the following regarding HCI Group, Inc. (NYSE:HCI) in its first quarter 2024 investor letter:
“Within Financials, HCI Group, Inc. (NYSE:HCI) the top contributor for the portfolio, rising more than 33% during the quarter on the heels of positive quarterly results coupled with their ability to assume additional in-force premiums from Citizens Property Insurance Corporation. The company is also seeking to unlock value of TypTap, a proprietary technology that identifies profitable insurance customers, via an IPO. We continue to hold the position.”
A homeowner happily smiling while holding a copy of their new insurance policy.
HCI Group, Inc. (NYSE:HCI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, HCI Group, Inc. (NYSE:HCI) was held by 20 hedge fund portfolios, compared to 10 in the previous quarter, according to our database.
We previously discussed HCI Group, Inc. (NYSE:HCI) in another article, where we shared Wasatch Micro Cap Value Strategy’s views on the company. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 20 U.S. Cities Most People Moved To: 2024 Rankings
- 15 Best Places to Retire in Ontario
- 15 Countries with the Highest Life Expectancy in Asia
Disclosure: None. This article is originally published at Insider Monkey.