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 Lancaster Colony Corporation (NASDAQ:LANC) in its Q1 2024 investor letter. Based in Westerville, Ohio, Lancaster Colony Corporation (NASDAQ:LANC) is a food products manufacturing company that operates through Retail and Foodservice segments. On April 24, 2024, Lancaster Colony Corporation (NASDAQ:LANC) stock closed at $186.86 per share. One-month return of Lancaster Colony Corporation (NASDAQ:LANC) was -9.16%, and its shares lost 10.19% of their value over the last 52 weeks. Lancaster Colony Corporation (NASDAQ:LANC) has a market capitalization of $5.196 billion.
Bernzott Capital Advisors US Small Cap Value Fund stated the following regarding Lancaster Colony Corporation (NASDAQ:LANC) in its first quarter 2024 investor letter:
“Consumer Staples performed well during the quarter and our holding in Lancaster Colony Corporation (NASDAQ:LANC) benefited from strong quarterly results on the heels of their growing licensing segment with the likes of Chick-fil-A and Buffalo Wild Wings. The stock advanced 25% during the quarter and we trimmed our position. We reduced our position as the stock approached fair value.”
A retired farmer in a wheat field, pleased with the quality of a Food products product he purchased from the company.
Lancaster Colony Corporation (NASDAQ:LANC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Lancaster Colony Corporation (NASDAQ:LANC) was held by 21 hedge fund portfolios, compared to 13 in the previous quarter, according to our database.
We previously discussed Lancaster Colony Corporation (NASDAQ:LANC) in another article, where we shared the list of best mid-cap dividend aristocrats to buy. In addition, please check out our hedge fund investor letters Q1 2024 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.