Here’s What Makes Vertiv (VRT) a Great Investment Pick


Jackson Peak Capital, an investment management firm, released its third quarter 2023 investor letter, a copy of which can be downloaded here. Jackson Peak performed exceptionally well in Q3, delivering a robust +11.8% return. Despite the challenging market conditions, Jackson Peak’s alternative, long-short investment strategy proved successful, securing notable wins in each segment of the portfolio—core longs, special situations, and alpha shorts. Additionally, the portfolio received a smaller yet beneficial boost from reducing net exposure and implementing macro hedges in anticipation of an increase in long-term interest rates, a move that paid off as long-term interest rates rose and equity indices declined. Take a moment to review the fund’s top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Jackson Peak Capital mentioned Vertiv Holdings Co (NYSE:VRT) and explained its insights for the company. Vertiv Holdings Co (NYSE:VRT) is a Westerville, Ohio-based critical digital infrastructure and continuity solutions provider with a $16.5 billion market capitalization. Vertiv Holdings Co (NYSE:VRT) delivered a 216.91% return since the beginning of the year, while its 12-month returns are up by 208.55%. The stock closed at $43.29 per share on November 17, 2023.

Here is what Jackson Peak Capital has to say about Vertiv Holdings Co (NYSE:VRT) in its Q3 2023 investor letter:

Vertiv Holdings Co (NYSE:VRT) contributed 3.3% to the portfolio as the stock gained 50% during the quarter, sparked by its Q2’23 earnings release in August. VRT’s results displayed significant momentum as it serves the critical role of thermal management in AI data centers that are rapidly being constructed, as mentioned in last quarter’s letter.”

A shot of a financial advisor meeting with a wealthy couple discussing their portfolio.

Our calculations show that Vertiv Holdings Co (NYSE:VRT) does not belong on our list of the 30 Most Popular Stocks Among Hedge Funds. We also mentioned Vertiv Holdings Co (NYSE:VRT) in another article. Vertiv Holdings Co (NYSE:VRT) was in 54 hedge fund portfolios at the end of the second quarter of 2023, compared to 41 funds in the previous quarter. Vertiv Holdings Co (NYSE:VRT) delivered a 23.44% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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Disclosure: None. This article is originally published at Insider Monkey.


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