Investment management firm Polen Capital has released its Investor Letter for the fourth quarter of its Polen US Small Company Growth Strategy. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 3.46% after fees to his 4.13% return on the Russell 2000 Growth Index. Style headwinds and relative sector positioning offset aggressive stock picking this quarter. Plus, check out the fund’s top five holdings to see our best picks for 2022.
Polen Capital focused on stocks such as Olaplex Holdings, Inc. (NASDAQ:OLPX) in its fourth quarter 2022 investor letter. Headquartered in Santa Barbara, California, Olaplex Holdings, Inc. (NASDAQ:OLPX) is a manufacturer of hair care products. On January 24, 2023, Olaplex Holdings (NASDAQ: OLPX) stock closed at $5.88 per share. His one-month return for Olaplex Holdings, Inc. (NASDAQ:OLPX) was 21.99% of his, and the stock has lost 71.37% in value over the past 52 weeks. Olaplex Holdings, Inc. (NASDAQ:OLPX) has a market capitalization of $3.817 billion.
Polen Capital made the following comments about Olaplex Holdings, Inc. (NASDAQ:OLPX) in its fourth quarter 2022 investor letter:
“Olaplex Holdings, Inc. (NASDAQ:OLPX) is a leader in the professional luxury hair care and beauty products business. The company is a pioneer in science-based hair care and is still in its early stages compared to other parts of the luxury beauty market such as skin care. The company leverages salon relationships, word of mouth and social media to drive strong sales growth and build a compelling brand. We believe this business has a long runway for growth with expanding distribution networks, deepening penetration with existing customers and introducing new products. Olaplex is also a rare 2021 IPO with strong earnings, high free cash flow, an impressive return on equity, an experienced management team, and a long history as a private company and brand. . ”
Olaplex Holdings, Inc. (NASDAQ:OLPX) isn’t on the list of the 30 most popular hedge funds. According to our database, 18 hedge fund portfolios held his Olaplex Holdings, Inc. (NASDAQ: OLPX) at the end of the third quarter, compared with 18 last quarter.
We covered Olaplex Holdings (NASDAQ:OLPX) in a separate article and shared a list of hair care stocks to buy. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.
Disclosure: None. This article was originally published on Insider Monkey.