Renaissance Investment Management, an investment management company, released its “Large Cap Growth Strategy” fourth quarter investor letter. In the fourth quarter, the strategy returned 10.53% (net) compared to a 2.20% return for the Russell 1000 Growth Index and a 7.56% return for the S&P 500 Index. The fund declined -16.67% (net) in 2022 compared to -29.14% and -18.11% return for the indexes respectively. Energy and Industrials were the primary contributors to the fund’s performance in the quarter while Consumer Discretionary and Communication Services sectors were the biggest laggards. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Renaissance Large Cap Growth Strategy highlighted stocks like Fiserv, Inc. ($FISV) in the fourth quarter 2022 investor letter.
Headquartered in Brookfield, Wisconsin, Fiserv, Inc. is a global financial services technology company.
On April 4, 2023, Fiserv, Inc. ($FISV) stock closed at $111.59 per share. One-month return of Fiserv, Inc. ($FISV) was -4.68%, and its shares gained 8.69% of their value over the last 52 weeks.
Fiserv, Inc. ($FISV) has a market capitalization of $70.093 billion.
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