A Chicago-based investment company called BlueSpruce Investments oversees about $4.5 billion in assets. It uses a thorough fundamental research procedure to create a targeted portfolio. The company plans to have both long and short stock holdings in 10 to 15 different company names. At the conclusion of the first quarter of 2022, BlueSpruce Investments’ portfolio had 14 long positions, a value of $6.17 billion, and a concentration of the top 10 holdings of 90.11 percent. Tim Hurd and Edward Magnus, who collaborated at Madison Dearborn Partners, formed the fund.
Insider Monkey took a look at the portfolio of BlueSpruce Investments. Simeon Gutman, an analyst with Morgan Stanley, upgraded Dollar General Corporation on June 16 from Equal Weight to Overweight. At the end of the first quarter, 53 prestigious hedge funds owned shares of Dollar General Corporation, up from 44 funds a quarter earlier. Off-price retail clothing and home accessory stores are owned and run by Ross Stores, Inc. 3.82 million shares of the garment retailer, worth $345.55 million, were purchased by BlueSpruce Investments. Sales, margins, and profitability goals were not met by the corporation in the first quarter. 100 hedge funds in Insider Monkey’s database of 912 funds had positions in PayPal Holdings, Inc. at the end of the first quarter of 2022, down from 110 funds the previous quarter. 16.78 million shares worth $1.94 billion represent the largest stake in the corporation. GoDaddy Inc. is a business that specializes in web hosting and domain name registration. According to Insider Monkey’s hedge fund database, 41 funds were positive on Charter Communications, Inc. in the fourth quarter of 2021. High-speed internet connection is offered by Charter Communications, Inc. BlueSpruce Investments has a $473.04 million investment in the business. In the first quarter of 2022, the hedge fund reduced its ownership of the company by 20%. For more details, click 10 Stocks To Buy According To Bluespruce Investments.
