Investment management firm East 72 recently released its investor letter for the fourth quarter of 2022. A copy of the same can be downloaded here. The portfolio quarterly gross return was 13.3%, with strong returns from short-term deals in S&P500 derivatives, perpetuals and Tyro Payments. Check out the fund’s top 5 holdings to discover our best picks for 2022.
East 72 highlighted stocks such as Madison Square Garden Sports Corporation (NYSE:MSGS) in its fourth quarter 2022 investor letter. Headquartered in New York, NY, Madison Square Garden Sports Corporation (NYSE:MSGS) is a sports company. On January 5, 2023, Madison Square Garden Sports Corporation (NYSE: MSGS) stock closed at $184.00 per share. His one-month return for Madison Square Garden Sports Corporation (NYSE:MSGS) was 14.90% of his, and the stock has risen 9.25% of its value over the past 52 weeks. Madison Square Garden Sports Corporation (NYSE:MSGS) has a market capitalization of $4.477 billion.
East 72 made the following comments about Madison Square Garden Sports Corporation (NYSE:MSGS) in its fourth quarter 2022 investor letter:
“Because we wrote Madison Square Garden Sports Corporation (NYSE:MSGS) and Manchester United PLC (MANU) in QR#25, the world of sports team business is busy.
Madison Square Garden Sports Corporation (NYSE:MSGS) isn’t on the list of the 30 hottest hedge funds. According to our database, 38 hedge fund portfolios owned Madison Square Garden Sports Corporation (NYSE:MSGS) at the end of the third quarter, compared with 33 last quarter.
We covered Madison Square Garden Sports Corporation (NYSE:MSGS) in a separate article and shared a list of stocks from Bill Gates’ stock portfolio. Additionally, for investor letters from hedge funds and other leading investors, visit the Hedge Fund Investor Letters Q4 2022 page.
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Disclosure: None. This article was originally published on Insider Monkey.